They paid 30 million in fines, yet admitted to no wrongdoing – so we have to say “allegedly.”
The Justice Department’s probe targeted a program enacted during the Obama administration seeking to subsidize panel installations to encourage solar panel adoption. Solar companies received federal grants equal to 30 percent of the full cost of a solar system.
SolarCity’s increasingly bizarre business practices have come under scrutiny recently. Securities and Exchange Commission (SEC), for instance, began investigating the company earlier this year for not telling investors about the number of customers who canceled contracts for solar energy systems. California-based Sunrun is also being investigated.
SolarCity has continually knocked down any accusation of wrong-doing. The company “has remained focused on reporting the quality of our installed assets, not pre-install cancellation rates,” a spokeswoman told reporters at the time of the SEC probe. “Our growth projections have always been based on actual deployments.”
ht/ fdr in hell