Solar

It is not unusual for government programs to be infested with scandal and the solar panel tax credit inside the Inflation Reduction Act is no exception. The government will guarantee loans for solar panels to qualified home owners but the word qualified has been distorted much like the qualifications for home loans during the financial crisis of 2008 where anyone qualified. Elderly people are being targeted by solar sales companies and they are being confused by double talk into thinking they are getting government paid for solar panels. In reality they are signing up for long term loans with banks who are willing to loan knowing the loans are backed up by the government in case of default. People who are licensed financial planners are subject to something called suitability. You cannot sell something to a person which is not suitable. Selling solar panels with a 30% tax credit to someone who owes no taxes is not suitable. Making them think they are getting panels free when in truth they are taking out a long term loan to pay for them is taking advantage of elderly people and is also not suitable.