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Solar Panels Fraud

How The Scam Works:

(with video below) Solar panel installations and fake products. This year one of the biggest scams around is the Solar Power System or Solar Panels for Your Home scam. It is part of home improvement fraud and is doing its rounds again.

Victims are consumers who want to cut their energy bills using rooftop solar panels or windmills. How does the scam work?

 

Watch How The Solar Panel System Fraud Works:

Watch the video below to see in action the sneaky Solar Panel Installations Scam exposed:

 

Solar Panel Installations Scam Video

There are reputable solar companies out there that will save you money, but scammers are also in the game, luring you into paying a huge deposit to a contractor who doesn't deliver the system. Some would just vanish with the deposit, others (the majority) would deliver a bogus system that's not even close to provide what is supposed to.

It is the same type of fraud that happens when home improvement crooks stop by your porch promising to either fix your shingles or deliver an effective alarm system.

 

Educate Yourself Before Solar Panel Installations

However, before considering an alternative energy solar you should get educated about the solar panel use. Also get a good understanding of how the solar panel installation works. Here it is:

When sunlight hits the module on a solar photovoltaic (PV) installation, the modules convert the sun's energy into electricity that can be use to power your home. Whether the electricity is being drawn from the PV installation or utility company, your home's power performance will stay the same.

The Direct Current (DC power) that the installation produces is wired to an inverter. This inverter converts the DC power into an Alternating Current (AC). The AC power is the standard electrical current use for powering most home's appliances throughout the world.

 

 

The electrical current then flows from the inverter to the home's electrical service panel that feeds electricity into the household. You can also use a tracking meter, which can keep track of the home's electrical consumption, the total output of the solar installation, and more.

These tracking systems often have live display systems or online monitors, so you can track how much of your home's electricity needs are being met by your system's production and how well your system is performing at any point in time.

solar power system

 

During the day, if the solar system's production exceeds the house's electrical needs, the excess electricity is fed back to the power grid. When this occurs, you can observe the electrical meter spin backwards.

Most local governments have a system of credits set in place that require utility companies to buy this excess energy back from various renewable energy standards, portfolios and goals. In addition to reducing your electric bill, these credits can be sold to utilities.

This generates revenue to pay back your investments for the PV system, and eventually turn into profit.

At night, or anytime a household is using more electricity than a solar installation is producing, the extra energy needed to power the house is pulled from the grid, as it normally would be. When you install a solar system on a home, the only noticeable difference you'll see is on your electric bill.

 

How To Avoid The Solar Panels For Your Home Scam:

When it comes to the solar panel installation fraud, learn how to distinguish the real companies from the scammers. Think about it. How much do you pay for your energy per year? How about for 10 years?

If you are looking into the solar panel option, get bids from at least three-four companies and then check out their Better Business Bureau reviews. Needless to say, you should never pay the full price up front or a deposit of more than four figures.

solar panel installers

 

Alternative energy is a new industry. That's why questionable individuals might take advantage of the novelty and try to sell concepts and products that might not be doable or legitimate. Maybe before asking yourself 'how much do solar panels cost?' you should first look at the solar energy pros and cons and evaluate if it's the right thing to consider for your house.

Connect with owners of homes with solar panels, ask questions, look at the investment, and decide. The same thing you can do if you are a business owner and consider installing a commercial solar. Research, research, research.

 

Solar Energy Pros And Cons

Let's look at some interesting facts about the solar energy. The amount of sunlight that comes to Earth in a single day would supply all the electricity needs for every human being on the planet for an entire year. Also, experts say that solar is a renewable energy resource that will last for a couple billion more years. We'll never gonna to run out of it.

One the most important facts about solar energy is that it is in any way hurtful to the atmosphere. It doesn't pollute or generate carbon dioxide, which a lot of people believe is changing global climate. There's also no noise pollution with solar energy. Electricity is created silently when sunlight hits a solar panel. The sunlight reacts with materials in the panel to produce an electrical charge.

solar panels for your home

 

This charge could be converted to direct current (DC current) to be used in homes. If a home with solar panels generate more power than the home uses, the homeowner may even be able to sell some of the excess to a power company for use on its grid.

Electricity created by home solar energy can be used in dozens of ways - just like electricity from the power company: heating water, running appliances and providing light are all possibilities for home solar energy. When you have home solar energy, you don't need to worry about power outages - or rate increases by your utility company. Another of the more interesting facts about solar energy is its potential in the transportation industry, although admittedly, practical solar applications for mass transit in the U.S. are probably still years away.

Solar energy for cars has been developed but it's not nearly advanced enough yet for the needs of modern vehicles. So those are some facts about solar energy that sound positive and promising. How about the cons?

For one thing, solar panels take up a lot of space. That means solar energy 'farms' as they would be called, would have to be huge to provide a significant percentage of a large city's electricity supply. There is also a large investment or up front cost to installing solar - especially in a home. It can take years to recover the cost, even though solar equipment is nearly maintenance-free once you have it. Plus, some geographical areas are better suited to solar power than others.

If you live in an area where it's cloudy a lot solar energy may not be sufficient for your needs. Furthermore, your output from solar panels will be reduced if they're shaded by trees or other structures.

 

How To Report The Solar Panels For Your Home Scam:

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report To The Federal Trade Commission Here

 

How To Protect Yourself More:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

 

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