How to avoid getting fraud by a company of solar panels ? Read on to discover the three most common solar panel scams and how to avoid them.
The 3 most common solar panel scams
Thieves and scammers are constantly developing new techniques gain confidence in his future victim. The common points of all scams are
- savings promises
- get rich quick
- The use of falsified documents to argue
The zero cost or negative cost scam
In this type of scam, a company offers to install solar panels on your home or business to a low initial cost or zero.
The trap ? You’ll sign a long-term contract with high monthly payments, often with a penalty for early termination.
This type of scam can be hard to detect, Because I think it’s a very good offer. However, if you do your research and compare monthly payments to the cost of buying or leasing solar panels, you’ll quickly see that not a good deal.
In fact, you could end up paying much more than buying or renting the panels yourself.
The inflated energy savings scam
This scam usually involves a company promising inflated energy savings to get you to sign a contract.
The company may use inaccurate assumptions to make estimates about your electricity use or make misleading claims about the efficiency of its panels.
They may also try to sell you more panels than you need by overestimating your electricity usage.
Be sure to do your own research and calculate your energy savings potential before signing any contract.
The Unrealistic Lease Length Scam
In this scam, a company offers a unrealistic rental period for you to sign a contract. For example, the company may promise low monthly payments for the first year, followed by much higher payments in subsequent years.
Or you can promise fixed monthly payments for the duration of the lease when in fact the the conditions of the lease allow to increase payments at any time. Be sure to carefully review all terms of the lease before signing on the dotted line.
3 signs that you can be scammed
Look out for these three red flags: an unbeatable price, aggressive sales tactics, and an inferior product.
If during your conversations with the company that wants to support the sale of solar panels you detect any of the following signs. Do not sign any document without having clarified the slightest doubt with your interlocutor.
The price is too good to be true
If a company offers solar panels at a significantly lower price than its competitors, that should be a huge red flag. In most cases, if it sounds too good to be true, it probably is. Also, beware of companies that offer payment plans or very long-term leases, as they may end up costing you more in the long run.
The seller is pushy or pushy.
A company that uses high-pressure sales tactics or tries to pressure you into signing a contract is not the one you want to do business with. A reputable solar panel company will provide you with all the information you need to make an informed decision and will be happy to answer any questions you may have. If the salesperson is pushy or evasive, that’s a bad sign.
The product is mediocre
Before you sign a contract, be sure to research the quality of the solar panels on offer. Check online reviews and compare prices to make sure you’re getting a great deal on a high-quality product.
the solar panel scams they are becoming more common as solar panels become more popular. We have covered three of the most common scams:
- The “Free” Solar Panel Scam
- The Solar Panel “Over Estimated Savings” Scam
- the “unrealistic lease terms” solar panel scam.
Remember, if something sounds too good to be true, it probably is!
Always do your research And always get multiple quotes before signing any solar panel contract.
If you have been the victim of a scam attempt, you can let us know in the comments.
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