Residential rooftop photovoltaic panel scam

The Consumer Financial Protection Bureau recently warned solar customers about hidden fees and deceptive statements about the financial benefits of solar. Rooftop solar has a fraud problem.
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About Residential rooftop photovoltaic panel scam

About Residential rooftop photovoltaic panel scam

The Consumer Financial Protection Bureau recently warned solar customers about hidden fees and deceptive statements about the financial benefits of solar. Rooftop solar has a fraud problem.

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6 FAQs about [Residential rooftop photovoltaic panel scam]

Does rooftop solar have a fraud problem?

Rooftop solar has a fraud problem. The industry is working to build back trust A crew installs a solar array on the roof of a home in Frankfort, Ky., in 2023. PHILADELPHIA — The solar power industry is booming and that growth helps the world meet its climate goals by replacing fossil fuels.

Why are prosecutors investigating rooftop solar?

Across the country, prosecutors are investigating high-pressure sales tactics and misleading financing arrangements. Some customers say they were victims of fraud and forgery. This threatens rooftop solar’s impressive momentum. Now, some solar companies are working to repair the industry’s reputation.

Is rooftop solar a bad business?

The rooftop solar business is a big source of consumer complaints. Across the country, prosecutors are investigating sales practices and financing arrangements. Now the solar industry is working to repair its reputation.

Is rooftop solar a good idea?

“We think that having rooftop solar is good for the environment and does save people money. We don't want people deceived, though,” says Adam Welle, a lawyer with the Minnesota Attorney General's Office who is pursuing a case against solar financing companies.

What should you consider before buying a residential rooftop solar company?

Here are some things to consider first. One reason the residential rooftop solar industry has grown so fast is that companies, especially the large ones, have deployed legions of salespeople. Some use high-pressure sales tactics, and you’ll need to be ready for that.

How many homes have rooftop solar?

Around 4 million U.S. homes now have rooftop solar, up from 300,000 a decade ago, according to Eric O’Shaughnessy, a clean energy consultant. But in terms of regulation of the companies providing those solar panels, not much has changed since ours were installed in 2014.

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