Authorities say a Melrose businessman has been charged with defrauding two businesses out of nearly $50,000.

State police in Saratoga County say on Monday they charged 48-year-old Allan ``Rick'' Anderson with two counts of grand larceny.

Investigators say Anderson, the owner-operator of Titan Power Systems LLC, was hired to install a thermal solar hot water system in one case and a solar wind turbine in another. Police say he defrauded the businesses out of $49,000.

Officials say Anderson's business has had multiple complaints made against it, earning his firm an ``F'' rating from the Better Business Bureau.

Anderson was released from Saratoga County Jail after posting $10,000 bail.