LANSING, Mich. — Michigan homeowners weighing rooftop solar got a warning from the state top lawyer this week: slow down and check the math before signing. Attorney General Dana Nessel issued a consumer alert Tuesday, Nov. 10, urging residents to research solar companies and contracts carefully.
Solar can cut power bills and shrink a household carbon footprint, the alert says, but the savings vary from home to home. System price, monthly loan payments and utility rates all affect whether panels pay off.
The first step is checking the installer. Look up its track record and confirm it holds a valid state license. The state consumer protection guide also suggests reading complaints and reviews from other customers.
Do not bank on tax breaks a salesperson promises. Whether a family qualifies for credits depends on its own situation, and people who owe little or no tax are unlikely to benefit. The guide recommends confirming any tax claims with a tax professional.
Many sellers write up the contract and financing on a tablet and ask for a signature right away. Homeowners have the right to request copies and take time to read everything first.
Call the utility, too. Panels may not cover all of a home electricity use, so a monthly bill can remain, and buyback or net metering credits for extra power depend on the utility terms.
Finally, compare the equipment life to the loan. Inverters, charge controllers and some batteries typically last about 10 years, while panels and racks run roughly 20 to 30 years, and a loan can outlast parts of the system. Complaints go to the Attorney General Consumer Protection Team at 877-765-8388.
Section: More Lansing MI business news
Lansing business profiles
Filed under: Lansing MI Business News
