

Rooftop solar's dark side
53 snips Jul 12, 2024
Guest Alana Samuels, a senior economics correspondent for Time Magazine, examines the complexities of the residential solar industry. She reveals that while many homeowners enjoy lower electricity bills, numerous others feel misled by the high costs and poor customer service. The discussion highlights the aggressive sales tactics employed by solar companies and the financial models that prioritize rapid growth over consumer satisfaction. Samuels also explores how outdated technologies contribute to frustrations, calling for reform in the industry.
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The Scaleras' Solar Struggle
- Christine and John Scalera bought solar panels hoping to lower their electricity bills.
- The panels underperformed, customer service was terrible, and they ended up in significant debt.
Overcoming Upfront Costs
- Early solar companies like Sunrun developed financing models like PPAs and leases to overcome high upfront costs.
- These models made solar accessible to more people by eliminating large initial investments.
Solar as a Financial Product
- Solar companies needed capital to support the no-money-down model.
- They treated solar as a financial product, leveraging tax credits and asset-backed securities.