The Energy Department and the Solar Energy Technologies Office have warned consumers about this type of online scam involving solar panels. We rate this claim False.
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If you''ve received an offer for "free solar panels," it could be a scam. Always look for businesses you can trust - like Accredited Businesses using the BBB Seal. Here''s what you should know.
Red flags and signs of a solar panel scam. Solar quotes almost always come with projected savings over 25 to 30 years. If a solar installer estimates an annual increase of more than 3% per year, they better have some very good data to
Aug 22 2023. Residential Hadley Price. However, the quality of any products is so poor, that they barely run for a year before failing, causing an investment loss. SCAM 3: FINANCED
A few years ago I was in BJ''s and over heard a salesman give his sales pitch. I informed him that the solar panel will not save energy and the solar generated will only save the homeowner if the have electric bill of $150.00 a month.
Click below to learn more about our review process and how we earn money. Learn More . Table of Contents which is why solar panels with an efficiency of 22% or more score the best in this category. Panel options (20
That is, of course, also a scam. To protect yourself from clean energy scams: Know that “free” or “no cost” solar panel offers are scams. The federal government does not install solar systems in homes for free. If you’re considering whether solar energy is right for you, check out the Department of Energy’s guide for homeowners and learn more.
One of the most prevalent solar scams involves misleading lease agreements or power purchase agreements (PPAs). While these financing options are legitimate ways to access solar energy, unethical companies may misrepresent the terms or benefits of these agreements.
As solar energy has boomed over the years, some companies "have preyed on consumers by offering predatory and costly loans," and many of them "are engaging in overly aggressive sales tactics or are outright scamming consumers," said CNET.
Be wary of solicitors. Always verify the identity and credentials of anyone claiming to represent a solar company. Unscrupulous solar companies may employ aggressive or dishonest sales tactics to close deals quickly, especially if the proposed solar installation isn’t in your best interest.
At best, this is someone generating leads to sell, not actual solar businesses. At worst, they’re scammers trying to steal your identity. If you spot a scam, tell the Federal Trade Commission at ReportFraud.ftc.gov.
An alumna of the University of Pennsylvania, Roxanne is now an Oklahoma homeowner, DIY enthusiast, and the proud parent of a playful pug. Solar scams can cost you thousands of dollars. You can avoid these nefarious solar cons with this helpful guide to what to look out for.
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