The demand for solar installations is on the rise, but both buyers and sellers face challenges that can lead to financial risks. Buyers fear paying for incomplete or poor-quality installations, while sellers worry about not getting paid for their work. Let’s explore how TruuPe can secure solar transactions for both sides.

Real Stories of Solar Scams

1. Buyer Loses Advance Payment
   A homeowner in Pune paid an advance of ₹5 lakh to a solar installation company. After receiving the payment, the company never completed the installation, leaving the buyer with no solar setup and no refund.

2. Seller Left Unpaid After Completing Installation
   A solar installer in Delhi completed a large installation project for a commercial building but was left unpaid when the business refused to settle the remaining ₹10 lakh, claiming dissatisfaction with the service, despite the installation meeting all requirements.

These examples show how solar projects can lead to significant financial risks for both buyers and sellers if payments and project milestones aren’t properly secured.

How TruuPe Protects Both Buyers and Sellers

1. Secure Escrow Payments
   TruuPe holds the buyer’s payment in escrow until the solar project is completed. This ensures that the seller only receives payment once the installation is done and the buyer confirms satisfaction.

2. Milestone Payments
   Solar projects often have long timelines. With TruuPe, payment can be broken into milestones—funds are released as key phases of the installation are completed, ensuring that both parties remain financially secure throughout the project.

3. Dispute Resolution
   In case of a dispute, TruuPe offers a neutral dispute resolution service. Funds remain safely in escrow until both parties reach an agreement, protecting buyers from incomplete work and sellers from non-payment.

4. Verified Installers
   All sellers on TruuPe are verified, ensuring that buyers only deal with legitimate and experienced solar installation companies.

Why Solar Installations Are Vulnerable to Scams

Solar projects require significant upfront payments and involve specialized equipment and labor. Unfortunately, some buyers fall victim to unverified installers who take advance payments and disappear, while others may refuse to pay after work is completed. TruuPe eliminates these risks by securing the financial side of solar transactions.

How TruuPe Works for Solar Installations

1. Step 1: Buyer and seller agree to project terms on TruuPe.
2. Step 2: The buyer deposits the payment into TruuPe’s secure escrow account.
3. Step 3: Funds are released in phases as the solar installation progresses and is verified by the buyer.
4. Step 4: Once the project is complete, the remaining payment is released to the seller.

Conclusion: Secure Your Solar Projects with TruuPe

Whether you’re investing in solar power for your home or business, or you’re a seller providing solar installation services, TruuPe protects both parties by ensuring secure payments and safeguarding project milestones. TruuPe’s escrow system reduces the financial risks associated with solar projects, giving you peace of mind every step of the way.

Sign up with TruuPe today to secure your next solar project! Sign Up Now