This content is for informational purposes only and does not constitute legal advice or create an attorney-client relationship.
A recent CBS News Texas investigation sheds light on a growing problem facing solar homeowners across the country: bankrupt installers, broken solar systems, and borrowers who are still required to make monthly loan payments despite receiving little or no support.
In the report, CBS News follows Texas homeowners whose solar installers either closed their doors or stopped responding after their systems began experiencing problems. One homeowner described spending months trying to reach her installer after multiple solar panels failed, only to later discover through online forums that the company had effectively ceased operations. Despite the lack of service, her solar loan payments continued.
CBS News & Prevost Law Firm Article Summary
According to the report, the situation is becoming increasingly common. Nearly six million American homes now have solar panels, while roughly 100 residential solar companies have reportedly closed in recent years. Industry experts interviewed by CBS News point to several contributing factors, including changes to federal tax incentives, rising loan defaults, and financial instability among installers.
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The investigation also highlights the difficult position many homeowners face after an installer disappears. Even when the company that sold and installed the system is no longer operating, the financing company often remains active and continues collecting loan payments. Some homeowners have also reported paying out of pocket for repairs because no installer is available to honor warranties or provide service.
CBS News interviewed Neal Prevost, founder of Prevost Law Firm, who explained that homeowners are frequently left without anyone to service their systems or honor the promises made during the sales process. He also noted that while loan obligations do not automatically disappear when financing is transferred to another company, homeowners may still have legal rights depending on the facts of their case. In many situations, arbitration or other legal remedies may be available to seek financial relief.
As the report concludes, many affected homeowners say they are not only seeking repairs or financial relief, but also greater accountability within the residential solar industry to help prevent other families from experiencing the same challenges.
Dealing With a Failed Solar Company? We Can Review Your Legal Options.
If your solar installer has gone out of business, stopped responding, or left you with a system that doesn’t work as promised, you may still have legal options…Even if you’re continuing to make payments on your solar loan.
Prevost Law Firm represents homeowners nationwide who are facing issues involving failed solar installations, misleading sales practices, broken warranties, and loans that no longer reflect the value they received.
Every situation is different, but our team can review your circumstances and help you understand the legal options that may be available.
If you believe you were left carrying the burden of a failed solar project, we invite you to schedule a no-cost case review. Our legal team will evaluate your situation, answer your questions, and explain whether you may qualify for financial relief or other legal remedies.
Book your no-cost case review today and learn how we may be able to help.
This content is for informational purposes only and does not constitute legal advice or create an attorney-client relationship.
