Solar Power Profit Sharing Scam

What if my company offers solar energy?

If your company offers solar energy, remember that claims must not only be truthful, but also comply with established consumer protection laws, including the FTC Act and the FTC’s new Impersonation Rule. Be truthful. Every clean energy company has a responsibility to be honest and upfront with consumers. Be transparent about what you’re offering.

What should I do if a solar business is a scam?

Protect your personal information. Don’t respond to unexpected requests online or on social media for your name, address, or other personal information to “see if you qualify.” At best, this is someone generating leads to sell, not actual solar businesses. At worst, they’re scammers trying to steal your identity.

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.

Will solar panels save money on energy costs?

“With sweltering heat across America this summer, many families are installing solar panels to save on energy costs to cool their home,” said Consumer Financial Protection Bureau Director Rohit Chopra. “The CFPB will be scrutinizing solar lenders to make sure that Americans don't get burned.”

Are solar companies causing consumer complaints?

Over the past decade, regulators have observed an increase in consumer complaints about some unscrupulous companies that pressure consumers into predatory contracts or purchases, including with unfair financing, and/or fail to install or activate residential solar systems as promised.

Are solar salespeople a bad thing?

But the solar industry is full of bad actors, with solar salespeople knocking at your door with misleading offers and overpromised savings. Solar salespeople might try to lure you in with promises of free solar panels and limited-time special deals. In most cases, these are just aggressive sales tactics they'll use to rush you into a contract.