While you are browsing solar power companies, one of them may offer to install a solar panel or solar roof in your home for a small cost or even for free. It''s an intentionally misleading...
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The criminals are leaving unsuspecting homeowners with massive debt; many victims have reported losing tens of thousands of dollars. The con starts with a fast-talking salesperson
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Consumer Impact: Homeowners might find themselves burdened with debt that exceeds the value of the solar installation or, in a worst-case scenario, could face legal action from lenders if the duplication of
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However, many of these claims are misleading or outright false. Because a typical installation costs tens of thousands of dollars, falling for one of these schemes can leave families with
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Loan Defaults and Increased Debt: Many solar panel installations are financed through loans or leases. When fraud leads to non-functional systems or unexpected costs, homeowners may
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“With sweltering heat across America this summer, many families are installing solar panels to save on energy costs to cool their home,” said CFPB Director Rohit Chopra. “The CFPB is
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Perhaps the most financially damaging solar panel scams involve deceptive financing arrangements. The Consumer Financial Protection Bureau found that some residential solar lenders
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Since this scam results in an unauthorized pull of the consumer''s credit report, the outcome would be an unauthorized hard inquiry on your credit report. So, the question would be how
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Loan Defaults and Increased Debt: Many solar panel installations are financed through loans or leases. When fraud leads to non-functional systems or unexpected costs, homeowners may
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The Treasury Department works with other federal agencies, including the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) to spread the word about
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