how to avoid it dizziness from a company of solar panels ? Read on to find out the three most common solar panel scams and how to avoid them.
The 3 most common solar panel scams
Crooks and scammers are constantly evolving new techniques to gain confidence in her future victim. The commonalities of all scams are
- savings promise
- Get rich quick
- Using fake documents to argue
The zero-cost or negative-cost scam
This type of scam involves a company offering to install solar panels in your home or business a low acquisition cost or zero.
The trap ? You sign a long-term contract with high monthly installments, often with a penalty for early termination.
This type of scam can be difficult to see, because it seems to be a very good deal. However, if you do your research and compare the monthly payments to the cost of buying or leasing solar panels, you’ll quickly see that it’s not a good deal.
In fact, you could end up paying a lot more than if you just bought or rented the panels yourself.
The inflated energy saving scam
This scam is usually a company that promises inflated energy savings to trick you into signing a contract.
The company may use inaccurate assumptions to make calculations about your electricity consumption, or make misleading claims about the efficiency of its panels.
It can also try to sell you more panels than necessary by overestimating your power consumption.
Make sure you do your own research and calculate your potential energy savings before signing a contract.
The scam with the unrealistic rental period
In this scam, a company offers a unrealistic rental period to get you to sign a contract. For example, the company may promise low monthly payments for the first year, followed by greatly increased payments in subsequent years.
Or it promises fixed monthly payments for the duration of the lease, when it actually does The rental conditions allow an increase payments at any time. Be sure to carefully review all terms of the rental agreement before signing on the dotted line.
3 signs you might be being scammed
Look out for these three red flags: an unbeatable price, aggressive sales tactics, and an inferior product.
If you see any of the following signs during your discussions with the company that wants to help sell solar panels. Do not sign any document without having clarified the slightest doubt with your interlocutor.
The price is too good to be true
When a company is offering solar panels at a significantly lower price than its competitors, that has to be a big red flag. If it sounds too good to be true, in most cases it probably is. Also, be wary of companies that offer very long-term payment plans or leases, as these may cost you more in the long run.
The seller is pushy or aggressive
A company that uses high-pressure sales tactics or tries to pressure you into signing a contract is not what you want to do business with. A reputable solar panel manufacturer will give you 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 signal.
The product is mediocre
Before signing a contract, find out about the quality of the solar modules on offer. Check online reviews and compare prices to make sure you’re getting a good deal on a quality product.
That Solar panel scam are becoming more common as solar panels become more popular. We’ve covered three of the most common scams:
- The “free” solar panel scam
- the solar panel scam “on estimated savings”
- the solar panel scam with “unrealistic rental period”.
Remember, if something sounds too good to be true, it probably is!
Always research and always get multiple quotes before signing any solar panel contract.
If you have been a victim of a scam attempt, you can let us know in the comments.
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