AZ POLS ATTACK SOLAR WITH REDUNDANT LAWS

Solar-Power Fight Hits Home in Arizona

Cassandra Sweet, July 31, 2015 (Wall Street Journal)

A new Arizona consumer protection law, SB 1465, will require increased clarification for homeowners from solar leasing companies…Solar companies say legislators were pushed by Arizona’s utilities to put the unnecessary protections in place to slow the rapid growth of rooftop solar in the state…A $93 per month lease with a 2.9% per year escalator allows a homeowner to have the benefits of solar for a total cost of about $30,000 over the 20 year contract life rather than paying $17,300 upfront…Solar leasing pioneer and sector leader SolarCity has suffered allegations of shoddy installations but has the Better Business Bureau’s A+ rating…For solar leasing, SolarCity General Counsel Seth Weissman said, there are 12 to 15 statutes. Regulation M under the Fair Trade Commission (FTC) governs solar leasing and car leasing…Selling solar systems with financing is governed by the Truth in Lending Act, Regulation Z. Uniform deceptive and unfair trade practices acts and FTC’s Fair Credit Reporting Act also regulate solar. click here for more

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