Solar Loan Problems
Common solar loan problems including hidden dealer fees, high interest rates, and what to do if you are trapped in a bad solar loan.
Common Solar Loan Problems
- Dealer fees of 20-40% added to loan principal without disclosure
- Interest rates of 9-25% marketed as low or competitive
- Loan terms of 20-25 years that outlast system warranties
- Prepayment penalties that make refinancing impossible
- Escalator clauses that increase payments annually
- Negative amortization loans where balance grows despite payments
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