Rhode Island S2762 defines "catastrophic loss" and outlines requirements for suspending lease payments for residential solar energy systems.

Rhode Island S2762 amends the Residential Solar Energy Disclosure and Homeowners Bill of Rights Act to define "catastrophic loss" as damage to a residential property that renders the structure uninhabitable and requires full reconstruction or replacement. The bill allows a customer to be discharged from making the first payment following the date of a catastrophic loss, provided they provide documentation of the loss to the solar retailer.

Rhode Island S2762 defines "catastrophic loss" and outlines requirements for suspending lease payments for residential solar energy systems.

Rhode Island S2762 amends the Residential Solar Energy Disclosure and Homeowners Bill of Rights Act to define "catastrophic loss" as damage to a residential property that renders the structure uninhabitable and requires full reconstruction or replacement. The bill allows a customer to be discharged from making the first payment following the date of a catastrophic loss, provided they provide documentation of the loss to the solar retailer.