With the government releasing large amounts of stimulus money to be used towards environment-friendly energy programs, large amounts of scammers are looking to take advantage of the Americans willing to go green.
AARP has released the scams to watch out for:
Tax credits: Credits are available through the American Recovery and Reinvestment Act for making certain energy-efficient home improvements. But don’t believe claims that any improvement qualifies. For a list of products that do, visit www.energystar.gov/taxcredits.
Power companies: Some local utility companies offer rebate programs for energy-saving measures, so scammers pose as employees offering to do energy audits or make energy-saving repairs. Sometimes, it’s a ruse to get into your home. Be especially suspicious of pairs of workers; one diverts homeowners while the other steals valuables.
Gizmos: Beware of pricey gadgets such as “magnetic power generators” or certain “energy saver” devices. They don’t work, say officials, and do not qualify for tax credits. Also, installing them could be against the law because it requires tampering with a power meter.
Read more at AARP by clicking here.