26 Feb '15, 1pm

Do PV leasing companies lure homeowners with misleading sales pitches?

Do PV leasing companies lure homeowners with misleading sales pitches?

More than a dozen members of the House of Representatives have asked two federal agencies to look into claims that solar leases are being oversold to consumers, according to published reports. Last month, Rep. Paul Gosar of Arizona and 11 other House Republicans wrote to the Federal Trade Commission (FTC) with claims that leasing solar panels are potentially harmful investments for homeowners, according to The Daily Signal , an arm of the Heritage Foundation, a conservative, Washington-based think tank. Separately, four Democratic representatives wrote to the U.S. Consumer Financial Protection Bureau in November with similar concerns, a report in The Arizona Republic said. Solar leases offer a way for consumers to get some of the benefits of a photovoltaic (PV) Generation of electricity directly from sunlight. A photovoltaic cell has no moving parts; electrons are energize...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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