What to do if your Solar Panel Installer goes out of Business
With environmental awareness on the rise, the solar industry has also experienced tremendous growth. Also, the growth looks out for our environment; it also means that new companies join the market every day. The market saturation might end up forcing some companies out of business. While shopping for a solar panel, you need to be on the lookout not to fall victim to a solar company closing shop. Here are tips on what to do if your solar panel installer goes out of business.
A Bankrupt Solar Installer
If your solar installer declares bankruptcy, you as the product consumer might feel the pinch. However, the extent of the inch depends on whether your installer was a large-scale installer or small-scale installer. If you were working with a large-scale installer, you might not be affected since in most cases, they are bought by another company. Therefore, you still continue to enjoy your solar panel warranties and other services from the new company.
On the other hand, small-scale solar installers might be bought by another company in case of bankruptcy. However, it is not a guarantee. Therefore, the best option would be an operations and maintenance plan. You can purchase this plan from a separate company. The plan will offer maintenance services even after your solar panel installer goes out of business.
Your Solar Warranty
Even if your solar panels installer goes out of business, you are still covered by the manufacturer’s warranty. The solar company offers a warranty for the solar panel while the inverter company offers a warranty for the inverter. Therefore, you can always contact the manufacturer who can offer assistance.
How to Choose a Reputable Solar Panels Installer
Although it’s normal for companies to go out of business, you can avoid being a victim of questionable companies. How do you pick genuine installers? Here are a few tips.
1.Research
Investing in solar panels is a good step. And just like any investment, it can go south any minute. Therefore, conduct thorough research about a company before committing. What are their reviews? Are they approved? How long have they been in business? Finding answers to these questions can help you choose the best solar panel installation company.
- Weigh your Options
Shopping in a rush can see you make regrettable mistakes. Before settling on a company, make sure you explore other options. Weigh their pros and cons before investing your money. Some companies may have deals and discounts that look too good to be true. If not careful, you might fall victim.
- Choose Local Brands
In the case your solar panel installer goes out of business, the manufacturer’s solar panel warranties stay in place. However, if the manufacturer has no local presence, reaching them might prove difficult. Therefore, choose brands with a local presence.
It might also help to choose a company that has been in the market for quite some time. Such a company demonstrates resilience in the market and vast experience in solar panel installation. Ideally, choose a company that has been around for more than five years.