Thinking solar power? Make sure you do your homework

Thinking solar power? Make sure you do your homework

Assessment

Interactive Video

Business

University

Hard

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The video discusses the potential financial pitfalls of solar panel contracts, using Angela Thompson's brother as an example. It highlights the importance of understanding long-term costs and the benefits of solar energy, such as savings and environmental impact. The video advises against rushing decisions, suggests consulting multiple installers, and emphasizes researching government incentives like a 30% tax credit. It concludes with a cautionary tale, urging viewers to ask questions before signing contracts to avoid financial burdens.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main issue Angela Thompson's brother faced with his solar panel contract?

He received a government tax credit.

He had too many installers to choose from.

He was unaware of the long-term financial commitment.

He didn't understand the environmental benefits.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Andrew Block, what should you do before deciding on a solar panel installer?

Ignore government incentives.

Compare multiple quotes and do thorough research.

Pay the full amount upfront.

Sign the first contract you receive.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the government incentives mentioned for solar panel investments?

A 50% tax credit.

Free installation services.

A 30% tax credit.

A rebate on monthly bills.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Garrett Nilson and what does his team offer?

An editor at CNET providing reviews.

A solar panel installer offering discounts.

A deputy director at the Department of Energy offering guidance.

A salesperson offering long-term contracts.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key takeaway from Angela Thompson's experience?

Always sign a contract immediately.

Ignore the financial aspects of the contract.

Rely solely on the salesperson's advice.

Ask many questions and understand the contract fully.