Pennsylvania AG is asking for payment suspensions for Pink Energy’s solar customers

(WHTM) – The Pennsylvania Attorney General’s Office is asking social credit companies to suspend paybacks 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 stop the loan payments and accrual of interest for customers purchasing a solar power system funded by Pink Energy and have not received a working solar power system.

The attorney general’s office says it’s also urging lenders to help Pink Energy customers who are struggling.

Attorney General Shapiro opened an investigation into Power Home Solar/Pink Energy following complaints about the company’s allegedly deceptive business practices. The attorney general’s office says Pink Energy closed its doors and filed for bankruptcy on Oct. 7, 2022.

“Pink Energy has ripped off consumers and is hiding behind bankruptcy,” Attorney General Shapiro said. “Lenders who want the solar energy sector to grow should help consumers get relief now as Pink Energy’s bankruptcy process continues. Consumers made good faith choices to heat and power their homes and should not be trapped in credit for a product that has not been delivered.”

In the letter, Attorney General Shapiro said many of the complaints his office received allege that Pink Energy “misrepresented the capabilities of the systems and expected reductions in electric bills.”

As a result, consumers “who have been led to believe that by purchasing a solar power system from Pink they are making an environmentally friendly and financially wise decision must now make loan payments for an underperforming or malfunctioning solar power system on top of their monthly electric bill.”

Other states joining Shapiro in the joint letter were Kentucky, Illinois, Indiana, Michigan, North Carolina, South Carolina, Tennessee and Virginia.

In September, abc27 investigators spoke to a York County woman who said her electric bills almost tripled after she bought solar panels from Power Home Solar, also known as Pink Energy, in 2021.

abc27 investigators contacted Pink Energy in September, but they didn’t respond.

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