• Report: #1042547
Complaint Review:

Salt River Solar Power & Wind LLC

  • Submitted: Thu, April 11, 2013
  • Updated: Thu, April 11, 2013

  • Reported By: Donna — Scottsdale Arizona
Salt River Solar Power & Wind LLC
13370 W. Foxfire Dr. Suite104 Surprise, Arizona United States of America

Salt River Solar Power & Wind LLC Investment not repaid Surprise, Arizona

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We had a solar system installed by SRSW in Nov. of 2009. Things went smoothly since this was the beginning of the whole 50% consumer rebate. Now for the big HOWEVER......

We were approached , on Aug.19, 2011, to invest cash with SRSW to start up a leasing business of solar systems. The amount of money invested was up to the individual. SRSW would then make your investment to match scheduled contracts. We were matched up with 4 addresses all in Buckeye,AZ. along with the size of the system, the cost, the addresses, and the persons last name. They checked out as legitimate.

Our investment totaled $28.980.00 of which our interest on this would be $5,796 for a total
return of $34,776.00.  We were to received full payment within 120 days from the date of our agreement, 8-19-11, and if we didn't we would be paid an additional 5% on the outstanding Grant once every 30 days until the grant monies had been paid in total.

Our first installment was paid to us on Dec. 22, 2011 for $17,388.00 and another one on Aug. 9, 2012 for $3,000. We have a remaining balance of $8,592.00 to date, 4/11/2013, not including interest.

*When we agreed to do this it was out of great necessity for the money. One month prior, my son had a kidney transplant, and 2 weeks after that my husband had a lung removed.  What we had hoped to be a blessing turned into a night mare. We're resigned to never seeing another penny.

This report was posted on Ripoff Report on 04/11/2013 02:41 PM and is a permanent record located here: http://www.ripoffreport.com/reports/salt-river-solar-power-wind-llc/surprise-arizona-85374/salt-river-solar-power-wind-llc-investment-not-repaid-surprise-arizona-1042547. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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