How to Spot a Solar Scam
It’s common knowledge that solar power is the way of the future. It’s efficient, sustainable, and, of course, it saves home and business owners money. However, with the surge in solar panel popularity, the market has also seen increased scams.
Unsuspecting homeowners are often targeted with too-good-to-be-true offers that could leave them out of pocket. Here’s what you need to know to protect yourself and your investment.
How to Protect Yourself from Solar Scams
Avoid On-The-Spot Payments
Reputable solar companies will never pressure you to make immediate payments. Scammers often create a sense of urgency, claiming limited-time deals or discounts. Take your time to research and ensure you’re dealing with a legitimate business before parting with your money.
Recognise the Dangers of ‘Free’ Solar Panels
“Free” solar panels might sound appealing, but they often come with hidden conditions, like exorbitant interest rates or contracts that make you pay far more than the system’s value over time. Always read the fine print before signing up for such deals.
Social Media Scams
Social media platforms are rife with fake solar offers. Be cautious of ads or messages promising solar panels at rock-bottom prices or claiming to be government-endorsed schemes.
Do Your Own Research on Solar Incentives and Rebates
Scammers often mislead homeowners with false information about government rebates or incentives. Check official government websites for accurate information and ensure any company’s claims align with what’s publicly available.
How to Recognise Fake Solar Installers
Check Their ABN
One of the first steps is to verify the company’s Australian Business Number (ABN). You can use the ABN Lookup website to confirm the business’s legitimacy and active status.
Review Their Google Footprint
Legitimate solar installers typically have an online presence, including customer reviews on platforms like Google and social media. Check their ratings, testimonials, and how they interact with customers online.
Check Their Accreditation with the Clean Energy Council
In Australia, trustworthy solar installers are accredited by the Clean Energy Council (CEC). This accreditation ensures they meet the industry’s high standards for safety and quality.
The Dangers of Solar Cowboy Contracts
Reading the fine print of any solar contract is crucial to avoid being caught in a bad deal. Solar cowboy contracts can be riddled with pitfalls that your solar rep failed to discuss with you. So, here’s what to watch out for:
Interest Rates
Some companies offer financing options with excessively high interest rates. Over time, this can make your solar system much more expensive than initially discussed.
Contract Duration
Long-term contracts might tie you to unfavourable terms for decades. Ensure you understand the duration and conditions before signing anything.
Never sign contracts or make payments without reading and understanding all terms.
Warranties and Guarantees
Legitimate companies provide clear warranties and guarantees for their products and services. Be wary of vague or overly complex warranty terms.
Hidden Costs
Some solar contracts are sneaky with their fine print and will include hidden fees for installation, maintenance, or monitoring. Ask for a complete breakdown of costs upfront.
Maintenance Inclusions
Get clear on what maintenance services are included in your contract. Scammers often exclude essential services, leaving you with unexpected expenses later.
How to Avoid Solar Scams
- Take your time to compare multiple quotes from different providers.
- Only work with Clean Energy Council-accredited companies.
- Verify the business’s credentials and track record through independent research.
- Never sign contracts or make payments without reading and understanding all terms.
- Get advice from trusted friends, family, or online communities if you’re unsure.
Investing in solar power is a great investment, but it’s essential to stay vigilant to avoid falling prey to scams. By understanding the common tactics scammers use and knowing how to verify legitimate companies, you can protect yourself and enjoy the benefits of renewable energy with peace of mind.
Allow Solar Battery Group to give you the confidence to take charge of your energy future. Request a call back from a trusted member of our team for a no-obligation call. This will give you the opportunity to ask the questions on your mind, discuss which options will suit your home or business needs, and learn about any incentives that may be available to you.