(WHTM) – The Pennsylvania Attorney General’s office is calling on social lending companies to suspend payments for pink energy customers with non-working solar systems.
Josh Shapiro’s office joined eight other Attorneys General in sending a letter to Dividend Solar Finance, GoodLeap, Cross Riverbank, Sunlight Financial, and Solar Mosaic asking them to suspend loan payments and the accrual of interest for the customer who spends to buy a solar power system. from Pink Energy and did not receive a working solar power system.
The Attorney General’s office said they are also pushing lenders to help Pink Energy customers who are experiencing issues.
Attorney General Shapiro launched an investigation into Power Home Solar/Pink Energy following complaints about the company’s alleged fraudulent business practices. The Attorney General’s office said Pink Energy is closing its doors and filing for bankruptcy on October 7, 2022.
“Pink Energy is ripping off consumers and hiding behind bankruptcy,” said Attorney General Shapiro. “Lenders who want the solar power sector to grow must help consumers get relief now, while Pink Energy’s bankruptcy process continues. Consumers made good faith choices to heat and power the their homes and should not be trapped in loans for a product that is not delivered.”
In the letter, Attorney General Shapiro explained that many of the complaints received by his office allege that Pink Energy made “false representations about the capabilities of the systems and expected reductions in the electric bill. “
As a result, consumers “who were led to believe they were making an environmentally friendly and financially prudent decision by purchasing a solar power system from Pink, are now stuck making loan payments for a poor solar power system on top of their monthly electricity bill.”
Other states that joined Shapiro in the joint letter were Kentucky, Illinois, Indiana, Michigan, North Carolina, South Carolina, Tennessee, and Virginia.
In September, the abc27 Investigators spoke with a York County woman who said her electricity bills nearly tripled after she bought solar panels from Power Home Solar, also known as Pink Energy, in 2021.
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The abc27 Investigators reached out to Pink Energy in September but they did not respond.
