Mounting Media Pressure for the Residential Solar Consumer Finance Industry Sparks Concerns about Increased Regulatory Scrutiny

Blogs, Financial Services Perspectives

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As more Americans install photovoltaic power generation and storage systems on their homes, journalists have reported incidents of alleged fraud and other forms of misconduct by solar system installers, finance companies, and other related parties. The media attention has correlated directly with an increase in press releases, investigations, and even lawsuits by attorneys general and other regulators in states including Arizona, Connecticut, Florida, Georgia, Idaho, and New Mexico.

Financing residential solar systems intersects with multiple sensitive areas in consumer law, including both laws governing sales and marketing efforts and laws governing lending and finance. As the popularity of residential solar continues to grow – and the need for financing for those systems increases in step – we expect the regulatory scrutiny to increase as well.

Please join Bradley partners Monica Dozier, Aaron Chastain, and Lee Gilley for a one-hour webinar on March 19, 2024 at 1:00 ET / 10:00 PT entitled “Consumer Solar Lending 101: Spotting the Issues.” For companies brand-new to the consumer finance side of residential solar energy – or needing to focus on it for the first time – this webinar will touch on the many laws and regulations that govern the financing of residential solar. For participants from more experienced companies, the webinar will cover current trends in regulatory activity and the lessons learned from past periods of intense scrutiny in other areas of consumer finance. You can register for the event by clicking on the link below:

Renewables Series – March 2024 Solar Consumer Finance

We have applied for one hour of CLE credit for attending the webinar, but the credit is not guaranteed.

What you will learn:

Companies operating in consumer financial services are governed by a huge range of regulators and regulations. This webinar provides a high-level overview of the many entities and federal laws that govern companies that provide financing for residential solar products, which affect every participant in the industry. We also cover lessons learned from increased regulatory scrutiny in other consumer lending industries and hot legal topics for residential solar.