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Residential Solar Photovoltaic Market Research Report, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19
Residential Solar Photovoltaic Market Research Report , by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19
July 28, 2021 07:20 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, July 28, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Residential Solar Photovoltaic Market Research Report, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19 - https://www.reportlinker.com/p06087413/?utm source=GNW
The Global Residential Solar Photovoltaic Market size was estimated at USD 74.08 Billion in 2020 and expected to reach USD 78.49 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.28% from 2020 to 2026 to reach USD 106.79 Billion by 2026.
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With the growth of residential renewable energy power generation, driven in part by a rise in the use of Power Purchase Agreements (“PPAs”), compliance with consumer laws and regulations is critical. PPAs permit solar services providers to own, operate, and maintain solar systems on a customer’s property, while the customer agrees to purchase the system’s electric output from the solar services provider for a predetermined amount. A number of recent lawsuits take issue with how a solar services provider reports the consumer’s PPA to the consumer reporting agencies. The suits have been filed in federal district courts in California alleging violations of the Fair Credit Reporting Act, the California Consumer Credit Reporting Agencies Act, the California Fair Debt Collection Practices Act, and California’s Unfair Competition Law.
Tesla Solar Faces More California Lawsuits for Alleged False Credit Reporting of Solar City Purchase Power Agreements.
These PPA agreements are not loans and Tesla has no business reporting them to the credit bureaus as loans, and I am quite confident that our lawsuits will prompt Tesla to discontinue this practice.” Robert F. Brennan
LOS ANGELES, CA, UNITED STATES, January 20, 2021 /EINPresswire.com/ Five more California consumers have filed lawsuits against Tesla Energy for falsely credit-reporting their SolarCity Power Purchase Agreements (“PPA Agreements”) on their credit reports as large-balance five-figure outstanding loans. To date, six different consumers have brought actions in California federal courts against Tesla for alleged violations of the Fair Credit Reporting Act and other related laws.