Solar panel companies deceive homeowners
Fueled by subsidies and mandates, the new rooftop solar-leasing market industry has engaged in “deceptive marketing strategies” to sucker unsuspecting homeowners into misleading zero-money-down teaser loan deals. Many customers are unaware they must include these units in their homeowners insurance policies, the units may stop working long before the 20- to 30-year lease expires (and they are liable for maintenance and replacement of defective parts), and the solar companies may place a lien on the entire property, not just the solar equipment, making it more difficult to transfer ownership via sale. There are numerous other pitfalls, including a serious fire hazard from defective units.