Families say solar panel promises left them trapped in costly 25-year loans

Two Port St. Lucie families say promises of lower electric bills never materialized after buying rooftop solar panels — leaving them with monthly loan payments on top of their utility bills.

The families turned to WPTV’s “Let’s Hear It” community event for help, prompting our investigation into the companies behind the sales pitches, the contracts they signed and what consumer advocates say is a growing problem across Florida.

Trapped in solar panel deals: Florida residents share troubles

It’s been a whirlwind for Port St. Lucie homeowner Mike Schopp, standing beneath the solar panels installed on his roof in 2022.

Schopp said he and his wife, Judy, purchased the panels after what they say was a door-to-door pitch from Utah-based solar installation company Lumio Holdings, which court records show was formerly known as Atlantic Key Energy…

Story continues

TRENDING NOW

LATEST LOCAL NEWS