Solar Financing Transparency: Disclosing Dealer Fees for Consumer Protection
New rules require solar financing companies to clearly disclose all fees, including hidden dealer commissions. This empowers citizens to compare offers more easily and avoid unexpected costs, increasing transaction transparency and protecting their finances. The act also prohibits arbitration clauses in solar financing agreements, making it easier to pursue claims in court.
Key points
Increased Transparency: Companies must disclose all fees related to solar financing, including dealer commissions.
Protection from Hidden Costs: Consumers will see the full cost of credit, helping to avoid inflated prices.
Easier Offer Comparison: Clear cost information will make it simpler to choose the best financing option.
Arbitration Ban: Solar financing agreements cannot include clauses requiring arbitration, allowing disputes to be resolved in court.
Introduced
Citizen Poll