Complete List of Solar Company Bankruptcies (2024-2026)

The solar industry is in the midst of a major consolidation. Rising interest rates, policy changes, and market overcapacity have reportedly driven dozens of solar companies into bankruptcy or out of business since 2024. This page tracks every notable case, the current status of each, and what affected homeowners should know.

Which solar companies have gone bankrupt?

Since 2022, at least 13 US residential solar installers and lenders have filed for bankruptcy or shut down, including Pink Energy (2022), Sunlight Financial (2023), SunPower (2024), Sunnova and Solar Mosaic (2025), PosiGen and Solgen Power (2025) and Freedom Forever (2026). This register tracks each failure, its court case, who now services customer contracts, and any deadlines homeowners need to know about. Updated October 5, 2026.

• 2026-09-29: Kansas AG sues G3 Solar and four individuals over door-to-door sales and 30-year loans; company has ceased operations and filed bankruptcy (KCLY Radio)
• 2026-09-22: Freedom Forever Chapter 7 meeting of creditors (341) held (pv magazine USA)
• 2026-09-17: Nasdaq determines to delist Maxeon, now in Singapore judicial management (SEC Form 25-NSE)
• 2026-09-09: Freedom Forever conversion details: trustee Alfred T. Giuliano, Oct. 16 claims deadline, seven financing partners allowed to finish stranded installs (pv magazine USA)
• 2026-08-31: Delaware bankruptcy court rules on motions to dismiss in Lumio liquidating trustee's suit against Lift Energy defendants (U.S. Bankruptcy Court, D. Del.)
• 2026-08-14: Central Florida homeowners left with liens and no installer support after wave of solar bankruptcies (WKMG News 6 (ClickOrlando))
• 2026-08-07: Freedom Forever case converted from Chapter 11 to Chapter 7; Alfred T. Giuliano appointed trustee (pv magazine USA)
• 2026-07-31: Freedom Forever says it will seek Chapter 7 conversion and lay off most staff after CEO-led sale fails (Law360)
• 2026-07-30: Freedom Forever cancels sale hearing after creditors' committee rejects CEO's bid (Law360)
• 2026-07-15: Michigan AG sues bankrupt Climax Solar, its owner and its lenders over an $81M financing scheme affecting about 1,700 consumers (Michigan Attorney General)
• 2026-07-07: CBS Texas: TriSMART Solar customers stranded; company 'paused business operations' (CBS Texas)
• 2026-06-10: G3 Solar, LLC files Chapter 7 in the District of Utah (case 2:26-bk-23517) (PacerMonitor)
• 2026-05-29: Singapore High Court places Maxeon under full judicial management; Deloitte appointed (Maxeon Form 6-K)
• 2026-05-21: Texas AG files DTPA petition against a San Antonio solar company in Bexar County (Orrick InfoBytes)

Recent

• 2026-10-12: Maxeon ordinary shares removed from Nasdaq at the open, after a delisting determination (SEC Form 25-NSE)
• 2026-10-16: Freedom Forever Chapter 7 proof-of-claim deadline for general creditors, including customers with deposits or warranty claims (pv magazine USA)

Coming up

A dated log of filings, conversions, sales of customer contracts and regulator actions, newest first. Last updated October 5, 2026. Each item links to its source.

Latest developments

The Solar Bankruptcy Crisis: Overview

The years 2024 through 2026 will likely be remembered as a period of reckoning for the residential solar industry. After a boom period fueled by the Inflation Reduction Act, low interest rates, and strong consumer demand in 2021-2022, the market conditions shifted dramatically. According to industry reports:

• Market contraction: Residential solar installations reportedly declined significantly from their 2022-2023 peaks in many key markets.
• Capital crunch: Rising interest rates made solar financing more expensive for both companies and consumers, reportedly squeezing margins across the industry.
• Policy disruption: Changes to net metering policies, particularly California's NEM 3.0, reportedly reduced the financial attractiveness of residential solar in the industry's largest market.
• Overleveraged companies: Many companies that expanded aggressively during the boom found themselves with too much debt and too few customers when conditions reversed.

The result has been a wave of bankruptcies, closures, and consolidations that has left hundreds of thousands of homeowners, by some estimates, dealing with defunct solar companies, orphaned systems, and uncertain warranties.

Major Solar Company Bankruptcies

The following are the most significant solar company bankruptcies and closures based on the number of homeowners reportedly affected and the scale of operations. We've included the key details for each based on available public information.

SunPower. Chapter 11 (August 2024)

Once one of the most recognized names in residential solar, SunPower reportedly filed for Chapter 11 bankruptcy protection in August 2024. The company had been experiencing financial difficulties since early 2024, including accounting issues and declining installations. According to reports, SunPower's assets have been sold to various buyers, and customer contracts have been transferred to successor servicers.

Homeowner impact: Warranties may be impaired. Contracts reportedly transferred. Equipment manufacturer warranties (from Maxeon, Enphase, etc.) typically remain separate.

Full SunPower bankruptcy guide for homeowners →

Sunnova. Chapter 11 (June 2025)

Sunnova Energy International, one of the largest residential solar lease and PPA providers, reportedly filed for Chapter 11 bankruptcy protection in June 2025. The Houston-based company had been servicing hundreds of thousands of residential solar systems. According to reports, the filing came after mounting debt obligations and declining market conditions.

Update: the court approved the sale of substantially all of Sunnova's assets to Solaris Assets, LLC, an entity formed by its lender group with GoodFinch Management; the sale closed September 3, 2025. The Chapter 11 plan was confirmed November 12, 2025. SunStrong Management, LLC now services existing customers.

Homeowner impact: Existing leases and PPAs generally remain in effect and are now serviced under new ownership. Confirm who you are paying, where notices should be sent, and that your autopay did not lapse in the transition.

Regulatory note, March 2026: the Connecticut Attorney General announced on March 17, 2026 an investigation into SunStrong Management, the successor servicer for Sunnova and SunPower customers, after about 65 complaints; a demand for records was served February 27, 2026. Homeowners in any state who cannot get service or accurate billing from a successor servicer can file with their own attorney general.

Full Sunnova bankruptcy guide for homeowners →

Pink Energy (Power Home Solar). Chapter 7 (October 2022)

Pink Energy, formerly Power Home Solar, filed for Chapter 7 liquidation on October 7, 2022 in the Western District of North Carolina (case 22-50228). State attorneys general in Ohio (2022) and Missouri (2023) took action over its sales practices, and Virginia sued its founders and lenders in January 2026. The trustee does not expect distributions to creditors before 2027 or 2028.

Homeowner impact: Company non-operational. Warranties unenforceable. Legal proceedings may result in consumer redress. Equipment manufacturer warranties may still apply.

Full Pink Energy bankruptcy guide for homeowners →

Titan Solar Power. Chapter 7 (June 2024)

Titan Solar Power, once one of the fastest-growing residential installers, ceased operations on June 13, 2024 and filed for Chapter 7 on June 20, 2024 in the District of Arizona (lead case 2:24-bk-04978), together with affiliated entities. EnergyAid later acquired Titan's intellectual property and monitoring data and offers paid service to former customers.

Homeowner impact: Service and warranty obligations reportedly unfulfilled. Homeowners should contact equipment manufacturers directly for warranty support and hire local installers for service needs.

Lumio. Chapter 11 (September 2024)

Lumio Holdings and its affiliate Lumio HX filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on September 3, 2024. Lumio had been one of the larger residential solar installers in the country, built substantially through door-to-door sales. A stalking-horse agreement with its senior secured lender did not ultimately prevail, and reporting indicates the assets were sold to Zeo Energy for a figure for $4 million in cash plus about 6.2 million Zeo shares. A liquidating trust has continued administering claims and prosecuting adversary litigation into 2026.

Homeowner impact: Obligations Lumio itself owed, workmanship warranty, production guarantees, service and monitoring commitments, are most likely impaired, because a buyer acquiring assets out of Chapter 11 generally chooses which obligations to assume. Third-party solar loans are generally unaffected and remain payable, and panel and inverter manufacturer warranties are separate contracts that generally continue. Full Lumio guide for homeowners →

Solcius. Chapter 7 (February 2024)

Solcius filed for Chapter 7 liquidation on February 5, 2024 in the District of Delaware together with its parent, Sunworks (case 24-10215). EnergyAid acquired the companies' intellectual property, customer data and monitoring systems in March 2025 and offers paid service.

Homeowner impact: In a Chapter 7 liquidation the company generally ceases operating rather than reorganising, so installer warranty and service obligations are typically unfulfilled. Contact your panel and inverter manufacturers directly for equipment warranty support, and expect to engage an independent operations and maintenance provider for service.

Suntuity. Ceased Operations (2024)

Suntuity Renewables, a New Jersey-based residential solar company, closed in 2024, according to Solar Power World. We found no bankruptcy filing. EnergyAid acquired its intellectual property and monitoring network in 2025 and offers paid service to former customers.

Homeowner impact: A company continuing to trade under a familiar name after an asset sale does not necessarily mean your original warranty travelled with it. If you are a Suntuity customer, ask the entity now servicing your account, in writing, whether it has assumed the original workmanship warranty or is offering service on a paid basis.

Freedom Forever. Chapter 11, Converted to Chapter 7 (April 2026 and August 2026)

Freedom Forever, reportedly the second-largest residential solar installer in the country by 2025 market share, filed for Chapter 11 bankruptcy protection in the District of Delaware in April 2026. According to reports, the company had installed roughly 2 GW of residential solar across 35 states, Puerto Rico and Washington, D.C., listed liabilities between $500 million and $1 billion against assets of $100 million to $500 million, and cited an industry-wide demand slowdown and a Texas Attorney General investigation into its sales practices. Trade press reported that the company stopped all work.

Update, August 2026: a proposed sale of the company's assets to a group led by its own chief executive reportedly failed to win the support of the unsecured creditors' committee, and the company asked the court to convert the case to Chapter 7. According to the case administrator's notice, the conversion took effect on August 7, 2026 and a Chapter 7 trustee was appointed. The company is being liquidated, not reorganized. Full Freedom Forever bankruptcy guide for homeowners →

The Chapter 7 trustee is Alfred T. Giuliano. The proof-of-claim deadline for general creditors, including customers with unpaid deposits or warranty claims, is October 16, 2026. Seven of the company's financing partners were allowed to step in and finish stranded installations.

Homeowner impact: In a Chapter 7 liquidation there is generally no operating company left to honor workmanship warranties or service calls; those promises become unsecured claims against the estate, and recoveries are usually small. Equipment warranties from panel and inverter manufacturers are separate and typically survive. If your system is financed, the loan obligation is generally unaffected by the installer's bankruptcy and your servicer is unchanged. Gather your contract, warranty documents and any open service requests now, and watch the case for a claims deadline.

PosiGen. Chapter 11 (November 2025)

PosiGen, a lease provider focused on low- and moderate-income households, ceased most operations on August 26, 2025 after a lender default and filed for Chapter 11 on November 24, 2025 in the Southern District of Texas (case 25-90787). The court approved a sale of its assets to Brookfield Asset Management and other lenders in February 2026, and its liquidating plan took effect February 26, 2026. Customer service moved to Omnidian and SunStrong Management.

Homeowner impact: Leased systems remain the property of the lessor or its lender, and lease payment obligations generally continue during the proceeding. Watch for notices naming a new servicer and keep a record of every payment. If your system needs repair, put the request in writing.

Solgen Power (Purelight Power). Chapter 7 (December 2025)

Solgen Power, which most recently did business as Purelight Power from Medford, Oregon, reportedly filed to liquidate under Chapter 7 in the Eastern District of Washington on December 30, 2025, along with 11 related entities. The filing reportedly listed between 25,000 and 50,000 creditors, liabilities of $50 million to $100 million, and assets of $1 million to $10 million. The company told the state it was "out of time and out of money."

Homeowner impact: A Chapter 7 liquidation generally means there is no company left to honor workmanship warranties or service calls. Manufacturer equipment warranties typically survive. Homeowners may be able to file a claim in the case as a creditor, though recoveries in a liquidation of this size are usually small; a qualified attorney can advise whether it is worth doing.

Additional Notable Closures

Other failures in the register above, with the details we could confirm:

• Sunlight Financial (lender): prepackaged Chapter 11, October 30, 2023, District of Delaware; emerged in December 2023 under new owners and continues to operate.
• ADT Solar (formerly SunPro Solar): ADT exited residential solar in 2024. Not a bankruptcy; ADT remains a solvent public company.
• G3 Solar: Chapter 7, June 10, 2026, District of Utah; sued by the Ohio (January 2026) and Kansas (September 2026) attorneys general.
• Climax Solar (reported): Chapter 7 in 2024; the Michigan Attorney General sued the company, its owner and its lenders in July 2026.
• iSun / SunCommon (reported): Chapter 11 in June 2024, converted to Chapter 7 in January 2025; the SunCommon brand continues under its buyer.
• Vision Solar (reported): Chapter 7, December 2023, District of New Jersey.
• TriSMART Solar (reported): halted operations at the end of 2025, according to Reuters and CBS Texas. We found no bankruptcy filing.
• Watch item, SunPower Inc. (formerly Complete Solaria, which bought SunPower's assets): not bankrupt, but its auditor raised going-concern doubt in April 2026.

Regional and Smaller Company Closures

The bankruptcy wave hasn't been limited to national companies. Dozens of regional and local solar installers have reportedly closed across the country. While we can't track every closure, the pattern has been consistent across all major solar markets.

According to industry data, the states most affected by solar company closures include:

• California: The largest solar market has reportedly seen the most closures, driven by NEM 3.0 changes and market saturation
• Texas: Rapid growth followed by market correction has reportedly impacted multiple installers
• Florida: Several regional installers have reportedly closed
• Arizona: The loss of major employers like Titan Solar Power reportedly rippled through the local solar ecosystem
• New Jersey: Policy changes and market saturation reportedly contributed to closures

Solar-Adjacent Company Failures

The solar industry crisis has also affected companies in the broader solar ecosystem:

Solar Equipment Manufacturers

• Maxeon Solar Technologies: entered court-supervised judicial management in Singapore on May 29, 2026, and its shares leave Nasdaq on October 12, 2026. Maxeon made the panels SunPower installed, so SunPower owners relying on Maxeon panel warranties should keep records and file any warranty claim in writing.
• Meyer Burger (US) (reported): its US subsidiaries filed Chapter 11 in June 2025 and sold their US assets to Waaree Solar Americas.
• SolarEdge Technologies: not bankrupt, but went through significant layoffs and revenue declines.

Solar Financing Companies

Solar financing companies have also failed, which can change who services a homeowner's loan even when the installer is fine.

• Solar Mosaic: one of the largest residential solar lenders, filed for Chapter 11 on June 6, 2025 in the Southern District of Texas (case 25-90156). Its plan took effect September 22, 2025, and its loans are now serviced by Solar Servicing LLC, a subsidiary of Forbright Bank. Borrowers generally still owe the full balance on unchanged terms; what changed is who collects it and where disputes go. Mosaic was also reportedly Freedom Forever's largest creditor.
• Sunlight Financial: prepackaged Chapter 11 in October 2023; emerged in December 2023 under new owners and continues to operate.

The interconnected nature of the solar financing ecosystem means that problems at one company can cascade to affect customers of other companies.

The most common issues across all 1,705 complaints were unexpected fees or interest, add-on products, incorrect credit reporting, problems getting the loan, and payment problems. If your loan or lease moved to a new servicer after a bankruptcy, you can file a complaint with the CFPB and your state attorney general.

We analyzed every public complaint in the Consumer Financial Protection Bureau's complaint database filed against six residential solar lenders and servicers: 1,705 complaints from all 50 states, May 2019 to October 2026. Complaint volume rose after the lenders failed, as loans moved to new servicers.

Complaints after bankruptcy: what the CFPB data shows

Why So Many Solar Companies Are Failing

Understanding the root causes helps homeowners assess the stability of their own solar company and the broader industry trajectory. Based on our research and analysis of industry reports, the primary factors include:

Rising Interest Rates

The Federal Reserve's interest rate increases from 2022 through 2024 reportedly had a dramatic impact on the solar industry. Higher rates made solar financing more expensive for consumers (reducing demand) and increased the cost of capital for companies that relied heavily on debt financing (squeezing margins).

California NEM 3.0

California's transition to Net Billing (NEM 3.0) in April 2023 reportedly reduced the financial value of rooftop solar by 75% or more for new installations. Since California represented roughly 25-30% of the national residential solar market, this had an outsized impact on companies with significant California exposure.

Overexpansion During the Boom

Many companies expanded aggressively during 2021-2022, adding employees, offices, and dealer networks. When demand slowed, these companies found themselves with fixed costs they couldn't sustain.

Customer Acquisition Costs

The cost of acquiring new solar customers has reportedly risen dramatically, with some companies spending $5,000 or more per customer in sales and marketing. As the easy-to-convert customers were exhausted, acquiring new customers became increasingly expensive.

Regulatory and Policy Uncertainty

Beyond California, other states have been adjusting their net metering and solar incentive policies, creating uncertainty that reportedly chilled demand and complicated business planning for solar companies.

What to Do If Your Company Is on This List

If your solar company has filed for bankruptcy or gone out of business, here are the steps we recommend based on our research:

Immediate Steps

1. Don't panic. Your solar system will continue generating electricity regardless of the company's status.
2. Gather documentation. Collect your contract, warranty certificates, payment records, and all correspondence.
3. Continue making payments. We do not advise homeowners to stop making payments or breach contractual obligations, even if the company is in bankruptcy.
4. Identify your equipment. Note the manufacturer and model of your panels, inverter, and any other components.

Next Steps

1. Contact equipment manufacturers. Verify that manufacturer warranties remain in effect and register for direct warranty support.
2. Check for UCC liens. Search your property records for any liens filed by the solar company. UCC lien removal guide →
3. Monitor bankruptcy proceedings. If the company filed for bankruptcy, track the case on PACER for updates about your contract.
4. File complaints if needed. If you've experienced problems, file with your state AG, the FTC, and the CFPB. How to file FTC solar complaints →
5. Consult a professional. For complex situations, consult a qualified attorney. Find a solar panel lawyer →

How to Protect Yourself

Whether your solar company is currently stable or showing signs of distress, here's how to protect yourself:

If you notice any of these warning signs, take proactive steps to protect yourself: gather your documentation, verify your equipment warranties with manufacturers, and consider consulting an attorney about your options.

Frequently Asked Questions