Rescission or cancellation of agreement for purchase or lease of distributed generation system or power purchase agreement

1. Any purchaser or lessee who enters into or signs an agreement for the purchase or lease of a distributed generation system or host customer who enters into a power purchase agreement may rescind or cancel the agreement, without any penalty or obligation, by giving notice in writing to the solar installation company either by delivering, mailing or telegraphing such notice or sending such notice by electronic mail not later than midnight of the: (a) For a purchaser, lessee or host customer who is less than 60 years of age, third business day after the date the agreement was entered into or signed; (b) For a purchaser, lessee or host customer who is 60 years of age or older, tenth business day after the date the agreement was entered into or signed; or (c) For a rescission pursuant to NRS 598.982145, third business day after the receipt of the results of an on-site physical survey described in NRS 598.982145. 2. The notice required by subsection 1 must be addressed to the solar installation company at the solar installation company’s place of business, or another place designated in the agreement, or sent to the electronic mail address set forth on the cover page required by NRS 598.9809, 598.9813 or 598.9816, as applicable, and must contain words indicating the intent of the purchaser, lessee or host customer to rescind or cancel the transaction previously entered into.