When it comes to getting Solar, it can be quite expensive to do so and that’s where other financing options such as leases and PPA’s come in. However, you may find yourself locked into a contract that can be difficult to get out of or you’re not happy with your current rate or terms. Not to worry, it’s possible to cancel your contract. Learn how to get out of Vivint solar contract.
If you’re someone who wants to get out of their Vivint Solar Contract, there are a few things that you can do in order to attempt this. In this article, we’ll go over some steps you can take that will help you out of your contract and we’re going to give them to you here.
How To Get Out Of Vivint Solar Contract When You’re Stuck In A Long Contact
The following are some tips that can help you to get out of your Vivint Solar Contract:
1. You May Automatically Be Able To Cancel A Lease If It Was Sold To You By A Salesperson
If you were sold your lease by a salesperson, then you may be able to cancel it without penalty. In some cases, aggressive sales tactics are used and people are not given all the information about what they’re signing up for. If this is the case, you may be able to cancel your contract.
If you cancel your contract within 3 days, there’s no charge and if the company didn’t inform you about this, the right to cancel or give you two copies of the form for cancellation, it’s in violation of the law, and the contract might be voidable for that reason.
2. Several states offer a three-day cooling-off period
This is because there’s a federal law called the Consumer Financial Protection Act that gives customers the right to cancel certain types of contracts within three days of signing them. This is called a cooling-off period and it allows you to cancel for a broad number of reasons.
It is necessary for companies to inform you of your cooling-off period. If they didn’t make that information available when you signed your contract, the company is clearly in violation of the law, which would alone justify your cancellation.
3. Other Required Disclosures
There are a number of mandatory disclosures that the company is required to give you. For example, they need to disclose what services they offer and how much you’ll be paying for them.
Additionally, they need to state any fees that are associated with canceling your contract as well as a few other things such as warranties, system size, estimated power generation, project timelines, rebates and incentives, and complaint resolution.
If you believe that a legal disclosure in your solar contract was overlooked, it would be best to have a lawyer make contact with the proper department.
4. Verify Whether The Seller Has Met Their Obligations
The solar company has responsibilities that they need to fulfill and these are typically spelled out in your contract. One thing that you can do is to check whether the company has met its obligations for installation, maintenance, permitting requirements, and compliance with local, state, and federal laws.
You should read the contract carefully, and you may discover that the firm has violated one of its obligations if it hasn’t done so yet. The company also needs to have its license and insurance in order for your contract to be valid. If any of these things are not completed, you might be able to cancel your contract altogether.
5. Have Someone Else Pick Up The Contract
Now, if you are unable to cancel the contract with the above-mentioned tips, perhaps selling the property or giving the contract to somebody else could get you out of it.
This may require the assistance of a lawyer, but if you can find someone who is willing to take over your solar lease or purchase your equipment, then you will be able to get out of your contract.
Also Read: How to Become a Solar Contractor
6. Major Force Majeure In The Solar Contract
This means that some unforeseen event has happened that has made it impossible for the company to fulfill its obligations under the contract. This could be something like a natural disaster or even the COVID-19 pandemic.
You will need to provide evidence of the major force majeure in order to cancel your contract.
7. You Can Buy Your Contract Out, But Rarely Before 6 Years
The last and only option if you are not able to get out of your contract is to purchase it (The panels and system). This means that you will pay through the nose, but most companies won’t allow you to do this until six or more years have passed.
The cost of this buyout should be stated in your contract. If it isn’t, or if the buyout option isn’t available, don’t go for it because you won’t have the means to back out of the agreement.
Check Your Solar Contract For These Features Before Signing
Always remember to check for the following before signing a solar contract:
- Cancellation period
- Contractual obligations and default
- Buyout option
- Transfer option
- Force majeure
If you are looking to get out of a solar contract, there are a few things that you should keep in mind. First, be sure to check for any cancellation period or cooling off period before signing the contract. You may also want to verify whether the company has met its obligations for installation, maintenance, permitting requirements, and compliance with local, state, and federal laws.
Additionally, it may be possible to cancel your contract if the seller has failed to do something required by the contract (such as providing certain disclosures) or if a major force majeure occurs that makes it impossible for the company to fulfill its obligations under the agreement, or if you are able to sell your property or transfer your contract to someone else.
Finally, in most cases, you will not be able to buy out your contract before 6 years have passed. Ultimately, the best way to cancel a solar contract will depend on the specific details of your situation. However, with these tips in mind, you should be better equipped to navigate this process.
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