While there are no specific federal regulations solely targeting solar dealer fees, some states have implemented consumer protection laws and regulations that indirectly address or require disclosure of such fees:
- Washington: The Washington Solar Consumer Protection Act requires lenders to disclose solar dealer fees. This ensures transparency, making it easier for consumers to understand the total cost of their solar loan.
- State Disclosure Requirements: Several states, including Arizona, California, Florida, Hawaii, Illinois, Maryland, Minnesota, Missouri, Nevada, New Mexico, New York, North Carolina, Oregon, and Utah, have adopted mandatory solar contract disclosure laws. These laws often require solar companies to disclose various terms and conditions of solar financing agreements, which can indirectly include information about dealer fees.
- Minnesota and Connecticut: These states have taken legal action against solar companies for misleading practices, including issues related to financing, though they may not specifically address dealer fees. Minnesota’s scrutiny includes allegations of hidden fees.
Overall, while there is no specific national regulation targeting solar dealer fees, state-level actions and disclosure requirements help ensure transparency and consumer protection in solar financing.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-that-regulate-solar-dealer-fees/
