Consumer authorities and law enforcement agencies across the country are warning consumers of a new scam that promises homeowners free solar panels. While installing solar panels typically comes with the benefit of boosting tax credits, any company that promises free – or very low cost – solar panels is likely part of a larger scam.
Reports of this scam have come through in several ways. Some homeowners have reported a door-to-door salesman ringing their doorbell, while others have received calls, emails, or texts, all with the promise of installing solar panels for free or at a very low cost. After the initial point of contact, the salesperson will stress the urgency of getting the solar panels installed as quickly as possible so you don’t miss out on the deal.
Some scammers have asked their targets to pay them before the project starts, noting that all of the funds lent out will be reimbursed by the end of the installation by a government organization – one that doesn’t exist.
Other scammers will ask homeowners to send over all of their personal information – bank accounts, Social Security numbers, etc – to get a preapproval before the project starts. They can then use that information for other scams, which puts consumers in hot water.
In either scenario, this is dangerous for homeowners. For those who pay the scammers upfront, it can be difficult – or impossible – to get that money back. While those who…