I-Team: Georgians complain solar sales reps misled them about tax credit

[@wrxsubaru02]

I bet that sales guy was doing exactly how they trained him and they used him as a scapegoat to shift the blame.

[@DeepValueOptions]

Many bad companies, many more good companies.. be careful who you choose

[@phemystevens63]

Bless you.

[@johnnybarron2474]

They said they fired him. That's how they steal all the commissions. This just happened to me but I got out before I was owed any money. They were clearly trying to snipe every sale I made. Once you get the money you win. You can hire a lawyer or something. Whoever gets the money wins. Don't sell for solar companies unless they're paying you up front.

[@Jimmy1982Playlists]

Ya think?!? 🤔 🤣🤣🤣🤣🤣🤣🤣🤣🎯 Of course they did...

[@BrianSmith-yq7ys]

Is there any doubt lol

[@DumbDixieDude]

I hate that people are lying like this and making things difficult for the rest of us doing things the right way

[@wolfejar]

The solar isn’t the problem here, it’s the people selling the solar.

[@DumbDixieDude]

@@wolfejar exactly my point

[@gzup6728]

This guy signs a 71k contract that's way overpriced, doesn't pay any taxes and thinks he will get a tax credit. 🤯

[@dionicioysassi1564]

You should hate that people are stupid enough to fall for it too.

[@jasoneddie3921]

I had a solar salesman tell me his panels are so durable you can drive a truck on them. I asked for a demonstration he told me well hypothetical speaking.

[@parleygentry5008]

It’s like that scene in Napoleon Dynamite

[@jamiejohnson5738]

That junk cost more than the guys house😯

[@jonkrispeterson6678]

I noticed that as well.

[@ronkpaws1]

My wife asked me about solar and I told her that at our age it does not make sense. If I was 20 years old, I might consider it, but not at 69 years old. Finish paying off the house then all you need to do is pay for utilities and insurance.

[@wolfejar]

Makes sense. It dose increase the value of your home. I only suggest doing it IF you can pay cash and it doesn’t put stress on your personal finances.

[@Nolaman70]

Make it more energy efficient if possible, but ROI is the key for any energy upgrades.

[@rosesarered3904]

@@wolfejar Solar panels have no bearing on home values. Appraisers do not take solar panels into consideration when valuing a home because they are seen as a liability instead of an asset plus they don't help with curb appeal. This was said to me by an appraiser.

[@mylamberfeeties875]

@@wolfejar no they don't

[@juanc5149]

@@rosesarered3904 This is false. They can have a bearing depending on the market and if you own vs lease.

[@Bremend]

These costs are way to high for the number of panels/batteries being installed (as shown at least)

[@That-Guy_]

Yep My neighbor was quoted $96k for solar + batteries from a door to door company. I gave hime my referral link for Tesla and a slightly better system with Tesla is $49k.

[@vinlago]

Don't ask utility companies about taxes. Ask a CPA. Ask utility companies if they buy back excess power and if they top up a minimal bill. For example if your connection fee is $15 and you have 0kwh do they charge another fee to bring up the monthly amount to $32?

[@Skiffy1]

Wow, I didn't know minimum bills were a thing. That sounds very shady.

[@vinlago]

@@Skiffy1they may call it a line connection fee or minimum service fee. They justify it by saying that even if you don't use electricity the wires need to be maintained. Like bait and switch.

[@That-Guy_]

There are companies that do free nights plans in the Houston area. Add solar + Powerwalls set up for time of use and the power company owes me money every month.

[@darkstorminc]

A CPA isn't always the best person to ask about taxes. I've had to help several people file amended returns because their CPA screwed something up.

[@back-woods]

It should be illegal to lie or distort the truth in order to sell anything (especially something so expensive)

[@calvinreichelderfer7989]

Never take verbal statements into consideration when a written contract is being provided

[@leslielucci3182]

It shouldn’t be so expensive and if homeowner would interview at least 3 different companies before making a decision it would be obvious how much this company is scamming them. $70K worth of solar panels should be enough to provide electricity to the biggest mansion in US. Paid $24k 6 years ago for 28 panels providing 100% offset to 2200 sq ft home, 6 years ago.1/2 of cost came back in tax credits. I would expect project to cost 1/2 as much today. Another scam is that solar company steals homeowners tax credits when financing (don’t do). Save up and buy system to avoid outrageous financing fees.

[@brad9548]

If that was the case their would be a lot of people out of work.....only if it were so! Time shares salesmen are the same, if not worse.

[@back-woods]

@@brad9548 i agree there would be and should be, it's a disgusting sales practice to knowingly miss lead people in order to con them out of money, it's manipulative and the same reason everyone calls used cars salesmen "snakes", they'll con a single mom outta her last dollar on a piece junk rust bucket that barely runs and claim they did you a favor doing it.

[@billmckinzie]

You mean like political claims?

[@Rangerscott69]

"Protect our customers." Lolz. Contracts are to protect the business.

[@tyronmegawatts6580]

Our solar system was $15,000. My wife works so we did get a 22% tax credit.

[@sevenwonders1717]

Thanks for Exposing this Misleading information!

[@jpparker19]

One important detail is your utility company's monthly connection charge. My servicing EMC increased their charge from $13.00 to $45.00 for net metering. It's no accident they are trying to discourage solar.

[@wolfejar]

Wow. Here in Colorado I was fortunate to work with an amazing local company. Solar is actually a really good investment for me. Mine pay offs in about 8-9years. I have 25 year warranty. At worse I have 16years of “free power” I’m over people and their greed to scam and take advantage of good innocent people like these people. Shame on these companies.

[@coreyclemons1069]

Ask the Pop-Up Solar Company. What is the system voltage? A solar sales person will say "Well we need to analyse your bill." This is not true, you the customer are asking what voltage their system is running. This has nothing to do with the customer. As a representative of a company the sales person should have no issues answering this in an honest and factual way providing simple specifications of the system they are selling. This question will prove the knowledge and ethics involved in this solar company. A few other questions also can be asked, but posting here may allow these Pop-Up Solar Company's to take these questions and answer them misleadingly to unaware solar customers. I am a Renewable Energy student and would like to see renewable energy given a good name.

[@shawnrobertson9901]

You probably also paid a 30% markup on labor and your systems. You sound like one of them to be honest. It's their same shtick.

[@shawnrobertson9901]

Did they happen to mention those panels will be worthless near the 20 year mark or before from degradation that isn't covered by the warranty. Solar panels have a noticeable drop in power output in just the first couple of years.

[@coreyclemons1069]

@@shawnrobertson9901 Have you ever used a solar panel for power. I have since 2009 and mounting a solar panel correctly with enough air circulation behind it the degradiation of my panles are unnoticeable and are still producing more than enough voltage. I am not a sales person and I only want you to buy one panel and grid tie inverter so you can see the difference.

[@wolfejar]

@@coreyclemons1069 👆this is true.

[@JesusChrist2000BC]

Powerhome Solar is the biggest scam company out right now. Their CEO is FILTHY RICH off of this. He's sleazy too. Solar is the best modern scam.

[@ASmith-jn7kf]

No there's no excuse for that, that's a lot of money and that's just ridiculous to be willing to pay that without reading the contract.

[@JBennett530]

The Tax credit isn't in the contract and is misrepresented by most solar companies, or it may say you get $X tax credit. They will claim you get X amount back on your tax refund, but it only reduces your taxable income, you dont get X amount back from the IRS as represented by most solar sales representatives. Look at Tesla solar, prices are transperant but tax credit makes it seems like you get X amount of cash back, very misleading.

[@jonkrispeterson6678]

These systems are huge. Mine was. 15kw system with two Tesla power walls. $40k before tax incentive. Haven’t used energy from the grid since installed. However, Florida power and light now charges a minimum $25 energy charge, (plus the $9 charge for being connected).

[@sp123]

did you get Telsa to install the solar panels?

[@jonkrispeterson6678]

@@sp123 yes I did. I merely started at the Tesla app.

[@mtnbikr107]

Wow, this is a good deal. To get my monthly energy bill from $200 per month to zero via solar, I have to pay $70k for the solar install. The investment will pay itself off in 29.1 years.

[@JBennett530]

my solars is paying for itself daily, 5 years producing more than it costs on a monthly basis and will be free power in 3 years. You have to watch out for "used car saleman" tactics and stay away from those companies.

[@shawnrobertson9901]

Most of the companies are charging around 10k just for installation and then mark up the parts by 40%. I've talked to at least 5 of these companies and they all have tried to tell me how they use the best parts and how that tax credit will help. They are scam artists playing salesman. Buy the system yourself and find a local installer will save you about 30% .

[@Lutavian]

That's why I went with project solar. They're the cheapest, they quoted me 42k for a system that's larger and more efficient than any local company was quoting me over 70k for. They took amazing care of me, and best part is - no salesman, no financing fee, just the engineers and installers.

[@tryrhythm4325]

You know nothing about solar clearly

[@algala25]

Most goods, food clothes, houses built, cars are marked up by 50%.

[@algala25]

Business pay as much as 40% of their profits to the government. So everything is a scam in US. Everything.

[@pearlrival3124]

I live in Tennessee. I subbed because of this story. You guys did great work on this.

[@TheGreatSatan_]

Just a simple calculation here. I probably use just under $200 a month in electricity and at $71,000 it would be 30 years of electricity? I don't see how that makes sense to people to spend the money on it

[@leslielucci3182]

The system will be sized to your needs. $71k is outrageously expensive and a rip off. For a $200 monthly bill, system should cost approx. $12-14k, less with Fed & St rebates. Payback period should be 5-7 years. Keep in mind that rates will gradually increase over the years leading to a slight shortening of the payback period. Some states have very generous tax credits. If you have optimal conditions ( southern facing unshaded roof in an area with the highest elec. rates with somewhat mild summers/winters) it’s a no brainer and will increase value of your home when buyers learn they will be paying $13/month elec. bill.

[@jonkrispeterson6678]

My bill,is a little less than that. Solar was $20k for the 8kwh system, but I added 2 power walls at $10k each to,cover power outages from hurricanes. So far, my bill has only been the service charge fromFlorida power light. Probably could have gotten by with just the panels with a payoff of 8 years, but I am ok with the backup power. We have had several outages, and the power doesn’t even blink.

[@leslielucci3182]

@@jonkrispeterson6678 cheaper to get emergency generator (tri-fuel) with interlock switch (approx $2-3k) for emergencies until cost of back up batteries comes down.

[@jonkrispeterson6678]

@@leslielucci3182 you are probably right, but maybe off on the cost. Friend in same neighborhood spent 12 on generator, plus had to sink propane tank underground and fill. He was in about $18k.

[@leslielucci3182]

@@jonkrispeterson6678 depends on the type of emergency generator. There are portable ones, lower cost that I was referring to before. Then there are much more expensive “stand by” emergency generators that are permanently installed, right outside your home that will turn themselves on at the slightest flicker of the lights . The permanent installation is much more expensive approx $5-15k for average home also needing ongoing maintenance (oil changes) so system is always ready.

[@coreyclemons1069]

Ask the Pop-Up Solar Company. What is the system voltage? A solar sales person will say "Well we need to analyse your bill." This is not true, you the customer are asking what voltage their system is running. This has nothing to do with the customer. As a representative of a company the sales person should have no issues answering this in an honest and factual way providing simple specifications of the system they are selling. This question will prove the knowledge and ethics involved in this solar company. A few other questions also can be asked, but posting here may allow these Pop-Up Solar Company's to take these questions and answer them misleadingly to unaware solar customers. I am a Renewable Energy student and would like to see renewable energy given a good name.

[@oscarisinsane]

When you allow a solar rep to view your bill they are looking to see your usage so they can design and price a system based on what makes sense for your home's energy needs. There isn't any information on your bill that anyone can misuse, at most someone can use the information to pay your bill lol. If a company or sales rep gives you a system size before even seeing your bill, that can be a bit shady as they are giving you information that is not the most accurate for your home. If they don't analyze your usage they may sell you a system that is either going to underperform or overgenerate for what you need which can ruin the savings solar is created to provide. Most solar providers can send you free no-obligation packets that can show you the savings for your home and system cost, along with the kW size and how much electricity the system will produce annually. This information is key to making sure the system is accurately designed, if your total current annual consumption of electricity is covered by the system's annual generation, then you have a fairly designed solar system for your home. If the numbers don't match close to your consumption, then you need to ask why, if the sales rep can not give you a straight answer do not sign with them. What you can ask for before sending out your bill is information about the solar provider, like how long they have been in business, specific credits and incentives for your area, and the kind of warranties they provide on their panels (the industry standard is 20-25 yr warranty on panels and 10 yr for labor). Ask about other concerns you may have about going solar as well, like maintenance and the effects it can have on your roof (some companies may provide an additional roof warranty!). If you get good straight answers and the rep seems knowledgeable, then you could and should show them your bill. At the end of the day, the technology is about the same throughout most of these solar providers (unless the price is suspiciously low compared to the rest), what really matters is the company you are choosing to do business with as they are responsible for your warranties and installation. You want to have a company that will be in business for those 25+ years because a warranty will only be as good as the company. I am an independent energy savings advisor, I help homeowners in CA save money on their electricity through energy efficiency programs and help them compare solar proposals and do the research for their area to help them make the decision on what solar provider to go home with.

[@mohamedali9495]

Always pay attention to the small print. It’s more important than the asking price.

[@Betty-qd8st]

Wait.. so it’s for high income people. ? Thanks Congress

[@twodeepupyours508]

They're stuck. Nothing they can do about it

[@andrewlewis271]

Read every document you sign, don’t listen to a salesman!

[@yupsir791]

Talk to your financial adviser to see if you qualify for the tax credit... Not the electric company... They are not you financial adviser.

[@buddygold9236]

Why would I consult with my power company about tax liability. Does she not now how the world works

[@crinklecut3790]

I looked into solar, and even without getting ripped off by conmen, it just didn’t make financial sense. Before I would get anywhere close to getting my money out of the panels, the panels would have to be replaced because they lose efficiency over time.

[@Bremend]

Panels today have warranties for efficiencies of 90% for 10 years and 80% for 25 years, and then they don't just die at 25 years, so you either have very small power needs (and you need to reduce the number of panels being installed) or you are underestimating the lifetime of panels

[@leslielucci3182]

Need optimal conditions for best ROI: South facing, unshaded roof, in an area with very high electric rates, in a temperate climate. Panels lose some efficiency, about 10%, in hot humid weather and don’t produce when covered in snow/ice.

[@alvinsavage7701]

Same here. I don’t think it’s worth it… IMO

[@gzup6728]

Makes sense just to give your money away to the utility that increases the rates with zero roi. Gotcha

[@brookroberson6084]

I live in Arizona and they lied I was better off without the solar my electrical bill increased with solar not decreased . The federal refund is a lie I didn't get and don't know why till this day. Exactly apparently I didn't pay that much in federal taxes all scams

[@19mati67]

If you don't owe taxes to the IRS(only have a W2, on disability, etc), then you don't qualify for that credit. I'm in the same boat, I would like to get solar, but I don't qualify. I don't understand, when somebody "spends" that much, why they don't do some research about it first?

[@TroyStewart17]

Total Solar Eclipse got me the same way... I got $3 back on state and $1400 on Federal. $78,000 System. 😥

[@galenrog]

Another expense with rooftop solar not considered by most is the need to disassemble the solar system prior to any roof repairs, and reassembly when done. The cost of that portion of any roofing project can easily reach over $15000 according to inquiries I made before passing on a home with solar that had roof damage. Time for more coffee.

[@redmatrix]

The (now 30%) solar tax credit is a "non-refundable" credit, meaning, it offsets your tax liability UP TO 30%, and will even allow you to extend it up to 5 years worth of tax returns (until the 30% is reached or the 5 years is up, whichever comes first). My local solar rep says "if you qualify, you can get up to 30% tax refund" and left it at that, told me to check with my tax professional. (I am a tax pro, so I knew what I was up against) Also, if you do the loan, there is an escalation clause, where after a set amount of time (Usually 18 months) the monthly payment goes up if you do not fork-over the full tax savings towards your loan. Much better to go with a "green" bank loan. (if you qualify). I've heard about sales people saying "you can take that tax credit and use it for a vacation/cruise, etc" but doesn't talk about the escalation. Some retail energy providers (REP) do not buy back overproduction, some do it at wholesale costs (and this amount is subject to change as the REP sees fit). One should shop REPs after getting system turned on.

[@SolidSonicTH]

LMAO, PinkEnergy went bankrupt and blamed their supplier.

[@sierraharvester]

$70k-90k per system? How large are these systems? A large system is going to cost you $12k-15k in panels alone. Of course, you need inverters, batteries, mounting hardware, and you need to pay people for their labor, but I have trouble envisioning, normal households that need more than a $40k system to be 100% electrical independent.

[@shawnrobertson9901]

They mark up labor and parts by at least 30%. Salesman didn't like it when I showed him the exact same system he was trying to sell me. If you can't pay the system off before 10 years by the time it is paid in 20 years it will have lost at least half it's value and is likely generating half that power.

[@ScottyPimpinATL]

2 things Charles doesn't like. Solar and washing his hair

[@jessemedsker2579]

The company had too change their name lmfao that should tell you something

[@juanc5149]

I just have one question. How much did the utility companies paid for this advertisement?

[@hildebertocarreiro9232]

Didn't they tell costumers change bulbs to l.e.d.s 5 watt bulbs...

[@chrismaxny4066]

The Federal Tax Credit can be taken over a number of years if your tax liability is not enough to cover the full 26% credit in one year.

[@vblic]

What's the number of years. And if every year it's the same income. Then what.

[@chrismaxny4066]

@@vblic As far as I understand it until the tax credit is used up. However you must owe taxes to get the credit it can't be used if your tax bill is zero every year.

[@mylamberfeeties875]

My neighbor paid cash for hers less than 5 years later ALL her batteries are dieing and they want 40,000 to replace and upgrade

[@fernarias]

Let's see, 12kW system with 9kw batteries for 71500. Cost of solar panels, panasonic 350W at $376 x 34 = $12,784. Batteries 5.1kw 48v EG4 at $1499 x 2 = $2998. All in one inverter EG4 6K UL listed at 1299 x 2 = $2598. Plus 2000 in wires, 2000 in installation supplies (plus tax, depends on state, plus shipping depends on distance). Total 22380 with quality parts plus installation that isn't going to cost 50k (electrician for inverter/bateries/cables, roofers for solar panels). I also think the system is too big for one person and he should have started at 3kw with one battery only to lower his bills. Make it so that it's expandable to 6kw by adding more panels.

[@gzup6728]

Might need more then a 3kw, house insulation and windows are probably shot. Battery is a waste of money.

[@jb18475]

It is a total lie, we paid taxes and they denied us that credit and since we did not qualify, it increased from 230 a month to 315 a month

[@DaylightDisinfectant]

Name one business area here in Florida that is not filled with sleaze bags just like this. Cars Sales. Car Repair. Landlords. Building contractors. Movers. The list is endless. Is there an honest person left doing business in FL? I’ll wait.

[@ja30906]

Power home solar/pink energy think is the worst investment anyone could ever make. Not only do they lie when they come to your house to get you to buy it but the quality of their work is is horrendous.

[@coreyclemons1069]

Ask the Pop-Up Solar Company. What is the system voltage? A solar sales person will say "Well we need to analyse your bill." This is not true, you the customer are asking what voltage their system is running. This has nothing to do with the customer. As a representative of a company the sales person should have no issues answering this in an honest and factual way providing simple specifications of the system they are selling. This question will prove the knowledge and ethics involved in this solar company. A few other questions also can be asked, but posting here may allow these Pop-Up Solar Company's to take these questions and answer them misleadingly to unaware solar customers. I am a Renewable Energy student and would like to see renewable energy given a good name.

[@ja30906]

@@coreyclemons1069 I was hopeful and willing to do my part But after my dealings with this company I will never recommend solar Or this company to anyone I can't in good conscience. The stigma of companies like this will hurt the industry for years to come they tell blatant lies make false promises and the quality of their work is work is beyond Amateur.

[@pezz_pezzer]

Oh heads up guys; guess what pre-roll ad KZbin showed me when I clicked this video? Yup, Pink Energy! Wow just wow KZbin.

[@maureenmorin2393]

They even went as far as giving me a reference to someone who already had solar in my area and they were saying how wonderful it was! Bet that was a scam!

[@jenngalindo6927]

My daughter was told she would get $15,000 back in her taxes because the sales lady got that much back and used it to remodel her house & that's BS

[@mikesmith-wk7vy]

that house looks like 71k in solar panels cost more than the whole house

[@slaytonmarks7537]

Anyone on ssdi usually do not pay federal taxes.

[@Im1CrazyCow]

Check with IRS for the TAXes ........being disabled I called this out 5 yrs ago when we got the 30% tax credit !!!

[@dann952]

Rule 1 of solar is never buy from someone going door to door.

[@michael47lamb]

I have been an advocate of renewables for some 30 years and one thing that has never really changed much is solar and scam often run hand in hand. Salesmen lie and tell you anything they can get away with to close the deal and get that sales commission.

[@randallwilliams7338]

$71,000.00 is enough to buy a brand new luxury car.

[@chrispaul1117]

Buy a system yourself and pay to have it installed. Turn off the one-eyed monster and do some research. Search for an installer that is independent.

[@GlennPearsonDIY]

That shot of the installation bracket under the panels made me cringe.... Its not properly installed with proper flashing... This is maybe 20k tops if someone did it themselves, and that would be using proper flashing to prevent roof leakage. This house is going to leak. What a messed up company...

[@GhoSrX]

That company has done this to multiple customers

[@chocoberrymuffin3392]

Salesperson should take particular care not to take advantage of disabled veterans in this case!

[@jasongerhardt4189]

I went down the solar hole. What I find to be the biggest issue is installation cost. They are giving workers well over $250. An hour. Then saying they also have to pay the salesman even if you know what you want. They get like 10% of total cost. They also try to up sell to system that are way over powered for a home. Once you call them out on the price of materials to be approximately $5k but being charged or quoted a total of $40k and ask what is the $35k for. Especially on a one day install. If solar companies would give realistic install prices everyone would go with it. Just trying to get way too much profit and ruined a great opportunity to help humanity.

[@TheSoulTrek]

In fairness, I own a solar company and I owned an electrical contracting company before that. The cost of running a solar company is far higher than any other trade business I've worked in. Are the profits good? Sure. However, a poorly run solar company can lose all of their money very quickly if they're not careful.

[@jasongerhardt4189]

@@TheSoulTrek boss man if you don’t know how to get a simple permit to install. Your not ready to own. If you can not run wires and screw in conduit. You should not do this type of business. The difficulty of install is on the low skill set. It’s really really not hard. Most of it is plug and play. Look at house building construction. The biggest cost is material. With solar your cost is all in advertising and paying yourself. We know the people doing the install maybe get $20-40 an hour and most installs are 1 day.

[@TheSoulTrek]

@@jasongerhardt4189 Who said I don't know how to get a permit? What I said was the risk in the business is high. The cost of advertising and equipment is higher than in other trades. Solar is a riskier business than other businesses. There's a lot higher chance of going broke in solar. Any industry with high risk should have high profits.

[@jasongerhardt4189]

@@TheSoulTrek I meant no one should be in business if they didn’t know the basics. It’s easy work. It’s low risk. Only buy what the customer cuts check for. Then once material comes in. Collect the rest for installation. There is zero risk my guy.

[@TheSoulTrek]

@@jasongerhardt4189 What about the high cost of advertising? The equipment isn't the risk. Advertising is nearly ten times the same cost as other trades. To keep a 4 person crew busy, it costs about $20,000 of advertising/month. $20k is considered a small campaign in solar. Imagine having three crews running.

[@bingo7799]

The utility company would know anything about being able to get the tax credit. A tax accountant would.

[@johnnybarron2474]

To be fair they weren't misled at all and this investigation just gave the company an excuse to fire the sales rep and steal his commissions. If you don't pay any taxes at all, why would you think you qualify for a tax credit? Even without the tax credit you just take a low interest loan and pay that instead of your power bill. The tax credit makes it cheaper than the power company.

[@hanklohan]

I use to do solar, you are just repeating your sales pitch.

[@hanklohan]

You also have to get a radiation meter to see if the solar panels produce dirty energy. I know people who have headaches from the panels. The sales people are just repeating the sales pitch, but most are not product experts.

[@maureenmorin2393]

They scr4wed us and it's too late for us! Nobody can get out of this contract. I beg you all! Don't sign!

[@aaronerskine3401]

i'm wondering about how much i can put into an ira this year. would the electric company be able to give me tax advice on this too?

[@martinwhite418]

$71,000? You could install it yourself for about half that. $35k. The tax credit is now 30 percent. That would be $10,500. On a $35k system. Now you are at only $24,500. If you only pay $2000. in taxes per year, then a $10k tax credit would mean you don't pay taxes for 5 years. Also, to get the tax credit, you have to own the system. If you lease or otherwise don't own it, no tax credit.

[@jessewestbrook9816]

Does anyone know of a good solar panel company?

[@shawnrobertson9901]

Buy a system yourself and pay to have it installed. I know that isn't an option for everyone but it's the best way to get a good deal.

[@oscarisinsane]

Where do you live ? It depends on your area as there are many solar companies in different states or cities.

[@jessewestbrook9816]

@@oscarisinsane northeast Alabama 🤷🏼

[@jessewestbrook9816]

@@oscarisinsane 1 hour from Huntsville and 2.5 hours from Atlanta

[@DynV]

I'd put a large portion of the bill in escrow that they'd only get paid if the electricity bill is lowered as promised, if not the balance comes out of that escrow.

[@dianeal7145]

They're using your property for their benefit for free. The property you pay taxes on, hello people.

[@eduardozuniga6675]

The way it works its that they refound 26 percent but you have to give it to the solar company it's not a prize its a help basically the government helps you paying your debt its not free money for going solar

[@Odin33356]

If you dont like the birds and the bees get mirrored solar panels. It kept them away from my house. It was a shocking difference.

[@hisancer97]

Detroit also did a story as well about this company

[@ThomMurphy]

I don't know the second company, but what I know of Pink Energy would have me running from them. Still, this is crappy reporting, IMO. Like a utility company is going to give tax advice 🙄, or asking them for advice should be recommended 😬. Also, you can collect the credit accross 5 years of tax liability, not just a single year. A good subject to report on, just a poor job getting the facts straight. Personally, I think, disabled vet or not, anyone signing a contract (particularly one potentially decades in length and involving tens of thousands of dollars) should read and understand the contract. If they aren't capable of that, they can't be bound buy it. If they are capable, and they get blindsided, they should only be blaming themselves.

[@pfrydog]

A dishonest sellsscum , who would have ever thunk?

[@donmcmanamen2674]

Also had a great experience in Washington State. U can actually take the federal tax credit over a 3 years. Also If u are working u can increase the number of exemptions so u have little or no taxes taken out of each check. This can allow u to take full advantage of the tax credit in one year. Work with ur tax preparer to see what number of exemptions to take.

[@shawnrobertson9901]

That only works if you make enough to owe a tax bill. If you have never had to pay a federal tax bill you are unlikely to take advantage of it. If you make enough to pay a tax bill you likely are wealthy enough to not have to deal with these shady companies.

[@MsJustSayin]

Read your contract

[@cliffontheroad]

"absolutely" is reporters response to question of asking if it would be a good idea to check with the Utility company if you can quality for the tax credit. 4:30 Meanwhile, the solar company is not a tax advisor, but are we somewhat lead to believe the Utility company is? Maybe slightly. A 2nd opinion at best. Sure - do your homework but don't expect the Utility company to review a contract which might restrict energy sold by them. The words, the exact words are important, which is why I reacted negatively when I first listened to this story and played the tape over and over. I've calmed down but it is so easy to hear what you want to hear. If you don't know what you signed, oh oh. One homeowner owed much more then in this story and the contract had to be transfered when the house was sold, hence preventing the house sale at the time. Dieing is not an escape from some contracts (so it was inferred / implied elsewhere) nor buying out the contract.

[@charliep5139]

I would say the big problem is probably because these people financed all this stuff. If they actually had 90k dollars sitting on their dining room table and any sales comes up to you and says I would like to take all that and invest it for you into solar panels, I can guarantee you that the vast majority of people would do their due diligence to make sure everything passes the sniff test. When things are financed, people don't see the ultimate cost of what they're paying and what their liable for. Same thing goes for college. Here's 120k dollars sitting on the table for you. I'll take all that and in four years give you a genders studies degree. I'm pretty sure most people would say, "hmm...let me think about that for a second...."

[@bill.clifford.59]

I was one who was told I would get the tax credit even though they knew we were on Disability! Now instead of paying $180 a month for my electric I pay $345 a month for the solar contract! And I can't find anyone to help!

[@OscarFlores-hi7ew]

Do you have any investments? 401K, IRA or anything in the stock market?

[@bill.clifford.59]

@@OscarFlores-hi7ew ira

[@OscarFlores-hi7ew]

@@bill.clifford.59 first step is to talk to your solar lender & see if they charge for a refinance since I’m guessing you are past your automatic reamortization after 16-18 months depending on the lender. After you figure out the fee for doing so. Contact your CPA to verify the information I’m telling you is true. But you can pull from your IRA & avoid the taxes that would typically be charged because the withdrawal via the Solar tax credit.. if you are under 60 you will still be charged the 10% penalty & the tax credit won’t cover that so keep that in mind. After you make that withdrawal you can apply it back to the Solar loan & drop your monthly payment back something more affordable for your situation. If you don’t mind $345 then you can save the tax credit for a time when you might need to pull from your IRA due to something happening in life unexpectedly. Keep in mind when you pull from your IRA its considered income for the year. I’m guessing your in a low tax bracket so if you want the most money from the tax credit pull out just enough to keep you in the same tax bracket & if you have to roll over the remaining tax credit into the next year & do it again.

[@hisancer97]

Detroit also did a story as well about this com😊

[@poker_]

Stop falling for these same old tricks folks! Yall too old for this mess!

[@samueljohnson7850]

Who would agree to 70 to 90 grand on solar energy, I wouldn't spend that much in 30 years on my current bill,

[@jerrygundrum1]

power home/pink energy is out of business thank goodness.

[@maureenmorin2393]

I live in Illinois and we have been waiting for 14 months to even be hooked up! And yes, powerhome /pink energy is making us pay both bills! It's a joke!

[@spaniardsrmoors6817]

And you'll be waiting 14 months more, GREEN is a SCAM...better call Joey B and complain😂

[@justshady]

Solar company lie, don't get solar unless you Buy it in cash or DIY.

[@mtnbikr107]

If I did solar myself my house would look like a Minecraft disaster LOL

[@JBennett530]

Or find a reputable comany, solar companies seems to employ the "used car saleman" tactics, so shady company means more shady salesman tactics

[@bc5891]

DIY Solar is the only legit way to get solar without forking out inflated prices to those Solar companies. I got a 25kw system with 2 large battery backup for $21k installed myself and received my tax credit

[@hsingh9041]

70 k that's robbery

[@alzuu1]

Pink energy went bankrupt, lol

[@paul-br2fs]

il say never buy a long term solar installation contract especially if you plan to sell the property in the future as its most likely you will have to buy out the contract before someone will buy it and penalties will be brutal also read the fine print on insurance because if your adding a $50000-$150000 system you will have to have that added cover and tell them or you could find your home owners is void .. its projected that about the only ones a system will be cheaper for is if you can get full relief and pay off the capital within 5 years every one else there is over 90% chance it will cost more and that relies on it working for 25 years .record everything if in doubt ask hear is the big one if they don't want to be recorded there is a reason and 99% of the time your not getting the truth

[@davidpeterson1228]

Companies market solar to max profit, as expected. They capitalize on the “green energy” campaign. This hype, hikes the price. For these reasons, solar for your home will never be financially sound. Therefore it can’t reach middle Americans. Only those with excess cash.

[@gzup6728]

Millions of people doing it out here in Texas, where you at?

[@getchasome6230]

Thanks joe, anymore great green ideas?

[@shawnrobertson9901]

Sorry but this started way before Biden and Trump. Trump extended it to 2023 in 2020. It would be nice to see Biden extend it and change it from a tax credit to a refund so the bottom half could get in on it too. If you buy your own system and install it or pay to have it installed you save 30 to 50%.

[@getchasome6230]

@@shawnrobertson9901 nope, biden undid literally everything trump did. What do you think that two foot tall stack of executive orders on the economy biden signed was for?

[@gzup6728]

If you buy your own car parts and assemble the car yourself, you'll save 30-50 percent.

[@jessemedsker2579]

Homeowners need too do their research when it comes too tax rebates lmfao Homeowners are too blame too lmfao

[@catwoman2596]

Read contracts people! You have to do "due diligence"... Kinda like expecting a used car salesman is obligated to tell the truth. It's never going to happen.

[@Nolaman70]

I was lucky I got my 25% LA state and 50% Fed tax refund years ago. My $22,500 cost me $6,500 out of pocket. 4 years ROI. I own them, leasing is a joke too. Alot of shady companies out there now. Sunpro has been good.

[@monicaghuman3388]

People are dumb to pay thet much for solar , usually you pay upfronts and company gets credit from government

[@JamesCuck-gq5en]

This is Lumio to the T

[@davidspez7267]

Everything too true usually is.

[@SkinniJ]

POS POWERHOME PINK ENERGY 💩

[@j_9138]

🤣😂🤣😂🤣😂

[@jtjtrs8806]

Scamming business