The solar industry has witnessed remarkable growth, with numerous solar companies entering the market. However, there’s always a possibility that a solar company may go out of business. As a homeowner who has invested in solar panel installations, understanding the implications and taking proactive steps is crucial to protect your solar investment.
Key Takeaways
Importance of a Reliable Installer:
Choosing a reliable and reputable solar installer ensures a smooth installation process and ongoing support.
Reputable installers have a proven track record, possess necessary expertise, and adhere to high-quality standards.
They are likelier to stay in business and provide long-term service and support.
Potential Challenges When a Solar Company Goes Out of Business:
Warranty Coverage: The warranty coverage for solar panels and related components may be affected when a company goes out of business. Homeowners may experience difficulties accessing warranty repairs or replacements.
Ongoing Service: A solar company going out of business can result in a lack of ongoing service and maintenance support. Homeowners may find it challenging to get assistance for system issues, repairs, or regular maintenance tasks.
Technical Support: Without a reliable solar company, homeowners may struggle to find technical support for troubleshooting and resolving performance issues with their solar power systems.
Warranty and Service Considerations:
Reviewing Your Warranty: It’s essential to review the warranty documents provided by the solar company during the installation process. Pay close attention to the terms and conditions, including the duration of coverage, specific components covered, and any exclusions or limitations.
Ownership Transfer: If your solar company goes out of business, you may have the option to transfer the ownership of your solar power system to another reputable solar company. Transferring ownership ensures ongoing support, maintenance, and warranty coverage for your system.
Protecting Your Solar Investment
By staying proactive, maintaining communication with lease providers, and seeking professional assistance, homeowners can safeguard their solar investment and ensure the continued performance of their solar power systems. We are Cardinal Power Systems, a Michigan solar company, and we would be honored to work with you towards building energy independence. While we hope you never find yourself in this situation, in the event you do, please do not hesitate to give us a call at (800) 936-5386 with any questions you may have.
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