Renewable Energy Companies are taking advantage of The Energy Improvement and Extension Act of 2008 (H.R. 1424) to get homeowners to sign contracts for renewable energy systems. There is no law to protect homeowners from dishonest and deceptive contractors. Whenever a law is passed, there should be safeguards in place to fine contractors who do not honor their contracts when they offer a Federal Tax Credit.
I, as a homeowner, not only lost my 30% Federal Tax Credit, I lost over $28000 to a renewable energy contractor. I was told that it was a contract issue.
I had to sue the contractor, at an additional cost of $2500 for a lawyer plus court fees. I won a Journal Entry of Default Judgment on 9 March 2012. The contractor has not paid me to date.
If congress is going to offer such an incentive to encourage renewable energy companies, it should offer protection to homeowners.
I took money out of an annuity and took out a home equity loan to finance this project. I chose a local company. I was looking forward to doing something good for the local economy, go green, etc.
I have filed complaints with the State Attorney General Consumer Protection and Antitrust, the IRS, the Kansas Dept. of Revenue, IC3, etc.
I am soliciting your assistance with a new bill to address this issue.