Contract cancellations are an indicator that a company is not doing well, or at least that it did not live up to the expectations of the contract. That's why it's a bit concerning that solar installation super giants SolarCity and SunRun are being investigated by the SEC for concealing how many of their customers have cancelled contracts. This is a sign that these companies are not living up to their customers expectations, and aren't disclosing it to shareholders.
What is being revealed is that in order to keep sales flowing and ROI on marketing legitimized, these larger companies have to use these deceptive tactics to get solar on the roofs of Americans - without them fully understanding what they're getting into. As a result, these tactics have eroded consumers' trust in solar companies in general as the nightmare stories have quickly circulated. The unfortunate part of this is that they are not hearing from the thousands of solar customers who have had a good experience with a local company. So many people who could benefit from solar are turned off by what they perceive to be a scammy commodity, just because their neighbor got shafted by SolarCity.
Michael is one of the founding partners of Stellar Solar. In 2001, he helped launch The Home Depot’s national solar energy program which is now offering home solar through hundreds of stores in nearly a dozen states. He is a writer and marketing professional with over 30 years’ experience in the fields of energy, market intelligence and leadership training. He currently serves as treasurer and board member of Global Energy Network Institute (GENI), a San Diego-based non-governmental organization that advocates linking renewable energy resources around the world using electricity transmission.
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