Solar Photovoltaic Power Generation Loan Scam

How does a solar installation scam work?

How the scam works: People posing as solar installers or utility employees call or come to your home and offer free solar panels through made-up government programs or incentives. Sometimes they also claim their company will cover the cost of installation by providing huge rebates.

Should solar companies be able to report a scam?

By getting more consumers to report scammy solar companies, government officials said, they can more effectively track complaints and seek to hold accountable companies that violate the law.

Should you choose a reputable solar energy company?

When temperatures rise, utility costs do, too. While reputable companies can help you save money with clean or solar energy improvements, scammers offer more than they can deliver.

How do I know if a solar contract is a scam?

Pay attention to warranties, cancellation policies, payment schedules, and try to spot any hidden fees. Honest businesses will give you time to go over the terms of the contract, understand the agreement, and let you sign it in writing. To learn more, visit ftc. gov /solar. And if you spot a scam, tell the FTC.

Are salespeople flouting the solar tax credit?

Going in with a strong understanding of some key solar topics can help you spot when a salesperson is flouting those guidelines. Salespeople are likely to tout the federal solar tax credit. When you install solar panels (and certain other related technology) you receive a portion of the cost back on your taxes.

Will the federal solar tax credit be eradicated?

Instead of letting the solar panel company take its cut, explore a wider range of solar panel brands in order to determine what you want for your home. Many solar panel companies will claim to potential customers that the federal solar tax credit will soon be eradicated.