Your Momentum Solar Lawsuit Questions Answered
Has Momentum Solar let you down? Maybe they haven’t held up their end of a contract, or maybe they haven’t given you the services you need. In any case, you probably want compensation… and answers.
Below you will find some of the top questions we receive about Momentum Solar.
As of December 2022, the CEO of Momentum Solar is Arthur Souritzidis.
Momentum Solar’s headquarters is located in South Plainfield, New Jersey.
Yes, Momentum Solar is a legitimate company, and one of the largest US solar installers. But legitimate companies still make mistakes from time to time. If you have an issue with the products or services you have received from Momentum Solar, you can speak with an attorney to see what legal options you have for compensation.
Not quite. For 2022, Momentum Solar was ranked 4th for the most reliable solar companies, with great customer service ratings and the best warranty options, according to Forbes.
This depends on what you need. Their main customer service line is 888-MOMENTUM, opt. 3. But if you need help with your existing system, they claim it is faster to email them at myinstall@momentumsolar.com. If you are selling your home and want to transfer ownership of the contract, you call the same number above but use opt. 1.
Many laws apply to Momentum Solar, like Federal Trade Commission (FTC) regulations, safety standards, consumer financial protection laws, and state consumer protection laws.
The Federal Trade Commission interprets and enforces laws to protect you as the customer. With Momentum Solar, the FTC protects against financial fraud like deception, abuse, and physical safety. They investigate claims of abusive, deceptive, or unfair business practices. They also regulate marketing practices to prevent false advertising and deceptive pricing.
Safety standards control the physical safety of solar products and services. These come from many places like the International Residential Code, International Fire Code, National Electric Code, and Interconnection Standards.
Home solar installation agreements often involve loans. When you take out a loan, you sign a financial agreement to pay for the purchase and installation. Laws like the Truth in Lending Act determine what information must be provided to consumers and how.
Many laws apply to door-to-door sales for solar panel installation, overseen by the FTC and state regulators.
Perhaps the most important is the “Cooling Off” rule which legally gives you three days from the time you agree to a solar panel sale to cancel the agreement. Federal law (16 CFR 429) governs sales in your home, and it requires you to tell the salesperson that you are aware of the cooling-off rule.
If you sign an agreement in your home, it has to include the following information:
If it is missing any of this information or you change your mind, you can cancel the contract. It is best to speak with an attorney if you want to cancel or you feel these laws have been violated, as an attorney can review your situation and help you pursue activities like cancellation, if applicable.
If you want to file a complaint against Momentum Solar, you have a few different options:
An attorney can review your situation to help you decide which type of complaint is the best option.
People sue Momentum Solar over many issues. In some cases, people sue because of issues with their contracts, false advertising, unfair business practices, or issues with installation.
If you have an issue with Momentum Solar, a lawyer can help review what legal options you have and whether you can sue.
If you have an issue with Momentum Solar, you might be able to sue Momentum Solar. You have several options depending on your circumstances, but an attorney is your best resource here because an attorney can look over your contract and help you determine where and how you can sue if possible.
An attorney can look over your contract with the company and what you want in compensation and give you legal advice on which option is best for your issue.
Yes, depending on your circumstances, a lawyer can help you get compensation. However, this looks different for everyone based on the specifics of your situation. A lawyer can help you review your contract with Momentum Solar and the applicable state law and determine your legal options based on your circumstances. If you are in a situation where the company has broken the law or harmed you financially, a lawyer can help you navigate these complexities and maximize your compensation in a legal claim.
Everyone should look over their Momentum Solar contracts to figure out whether arbitration is required. In some cases, arbitration is a requirement only for specific circumstances, certain dollar amounts, or in every case. You can also consult an attorney who can help you review your contract.
Your contract might have arbitration clauses that require you to use consumer arbitration rather than go to court.
An attempted Momentum class action lawsuit was filed in 2022 in Illinois over illegal and harassing phone calls in violation of the Telephone Consumer Protection Act, which restricts cold call telemarketing. Suits like this are typically brought by non-customers of the company they are suing.
If you are eligible for a Momentum Solar class action lawsuit, courts will try to notify you through the mail with instructions on how you can figure out your eligibility.
It can be challenging to cancel a contract because so many different cancellation policies exist. Momentum Solar is legally obligated to offer the FTC’s three-day “cooling off” period.
An attorney can help you review the legal options you have given, the Momentum Solar contract you signed, and your current situation.
You have a few ways to get out of or break a Momentum Solar contract, even if Momentum Solar hasn’t broken its legal obligations to you.
You can speak with an attorney about what options you have based on your situation and your Momentum Solar contract.
Not paying Momentum Solar can result in different legal actions being taken against you, depending on the financing you have for your solar loan.
Secured loans require collateral. You promise to pay the loan and state that the lender can take whatever you used as collateral if you can’t pay it. The collateral has to be worth the value of the loan or more and has to be something physical, like a house. If you use something like a home equity line of credit or a home equity loan and fail to pay, the lender can not only repossess your solar panels but also foreclose on your house.
Unsecured loans don’t require collateral. However, if you fail to pay, the lender can still follow up with legal action like sending your debt to a collection agency, reporting you to the credit reporting agencies, which can hurt your score, and suing you.
Yes, not paying a solar loan from Momentum Solar can affect your credit score.
If your loan with Momentum Solar is impacting your credit, you should know about your rights under laws, including the Fair Credit Reporting Act and the Fair Debt Collection Practices Act.