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What is a solar scam?

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Quick Answer

A solar scam is when a fraudulent contractor deceives a homeowner who is unfamiliar with solar energy products, notes the Better Business Bureau. Scams can be related to installation, financing the solar products or the amount of savings provided by solar panels.

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High pressure is a common technique that is part of the solar scam, such as presenting a list of expiring incentives. Scammers may share highly exaggerated estimates of what energy will cost in the future with homeowners, to emphasize the amount of potential savings achieved by installing solar panels, notes NewsMax. Solar scammers may also place liens on homes when installing the solar panels, putting homeowners at risk of foreclosure or other legal action if they stop paying on the panels.

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