An electric generator lessor engages in the leasing of solar energy facilities for retail customers and subscription to shared community solar energy facilities. No person shall engage in the leasing of a solar energy facility without having applied for and obtained a certificate authorizing those operations from the Commission. An electric generator lessor may seek to engage in or solicit business as an electric generator lessor in the assigned service territory of a municipal electric service provider only in accordance with G.S. 62-126.9 if the municipal electric service provider has itself been deemed an electric generator lessor and offers solar leases within its own service territory. The Commission shall take into account the State's interest in encouraging the leasing of solar electric generation facilities and avoidance of cross-subsidization as declared by the policy objectives of this Article as provided in G.S. 62-126.2, as well as the policy of the State, as provided in G.S. 62-2(a). The Commission shall issue a certificate of authority to engage in business as an electric generator lessor if the Commission finds that the applicant is fit, willing, and able to conduct that business in accordance with the provisions of this Article. The certificate shall be effective from the date issued unless otherwise specified therein and shall remain in effect until terminated under the terms thereof, or until suspended or revoked as herein provided.
