Solar Company Bankruptcy Statistics: 91 Failures Since 2022, by Year, State and Chapter

Key numbers

The register behind these figures lists 91 companies with a court case number where one exists (72 rows), a filing or closure date, the type of proceeding, the headquarters state and the states the company worked in where we could find them, and the lender or servicer that holds its customer contracts now.^[2] 80 rows are verified against a docket, claims agent, regulator or SEC record, or two independent outlets; 11 are reported, resting on a single outlet or an indirect record.^[3]

• 91 failures in 58 months, from January 2022 to October 21, 2026: an average of 1.6 a month. 2025 averaged 2.0 a month; 2026 is running at 1.1 a month through October 21.
• 84.6% went to court. 77 rows are a Chapter 7, Chapter 11, receivership, assignment for the benefit of creditors or foreign insolvency; 14 closed or exited with no filing we could find.
• Liquidation is the norm. 51 of 91 (56%) ended, or currently sit, in Chapter 7. Only 21 (23.1%) remain Chapter 11 reorganizations or sales as of today.
• Three states hold 47.6% of headquarters: California (16), Texas (15) and Florida (9) of the 84 companies with a known HQ.
• The installer fails, the loan survives. 36 rows say the customer's loan or lease stayed with the original lender or passed to a named servicer; GoodLeap is named in 6 rows, more than any other lender.

Solar company failures by year, 2022 to 2026

2024 was the worst year in the register for home solar failures, with 29 companies. 2025 followed with 24, and 2026 stands at 11 with ten weeks to go. The two biggest names, SunPower (August 2024) and Sunnova (June 2025), each held tens of thousands of leases and PPAs, so the household impact of 2024 and 2025 is far larger than the company counts suggest.^[2] Year is the filing date, or the announced closure date where there is no filing.

Two cautions on the trend. The 2026 count is low partly because filings take weeks to appear in docket databases and local news, so it will rise. The 2022 and 2023 counts are low partly because the register was built in 2026 and small, old Chapter 7 cases are harder to find than recent ones. The 2024 peak is consistent with the industry's own record: it is the year SunPower, Titan Solar Power, Lumio, Sunworks and Solcius all filed.^[2]

Failures by month, January 2025 to October 2026

Monthly counts are small and noisy, but two things stand out. The busiest month was June 2025 with 5 failures, which included Sunnova and Solar Mosaic, the two largest 2025 cases.^[2] And 2026 has had no month above three, which fits a year in which the largest names had already failed.

Failures by company type

79 of the 91 companies (86.8%) are installers, the businesses that sold and built the systems. They are the easiest kind of solar company to fail: thin margins, sales-driven growth, and no contract revenue once the install is done. The 4 lease and PPA providers, 2 lenders and one servicer are few in number but held the customer contracts, which is why Sunnova, SunPower and Solar Mosaic matter more to homeowners than any ten installers.^[2]

Failures by chapter and type of proceeding

When a solar company reaches a bankruptcy court, the most likely outcome is liquidation. 41 companies filed Chapter 7 directly and another 10 filed Chapter 11 and later converted, for 51 Chapter 7 cases in all, 66.2% of the 77 court proceedings. 21 cases are Chapter 11 as of today, and most of those are sales or liquidating plans rather than true reorganizations: Sunnova's assets went to Solaris, Lumio's to Zeo Energy, and SunPower, PosiGen and Meyer Burger confirmed liquidating plans.^[2]

Failures by state

Two ways to count. By headquarters, California, Texas and Florida lead, which tracks where home solar is sold most. By states served, counting a company once for every state it is tied to, Texas edges California because multi-state installers such as Nivo Solar, Shine Solar and Titan Solar Power worked there without being based there.^[2] 40 states have at least one failed company tied to them. The states-served figures understate the spread: 12 rows (including Sunnova, SunPower, Freedom Forever, Titan's full footprint and Pink Energy) say "multi-state" without a list, so they count only for their headquarters.

Headquarters state

States served (headquarters plus every listed state)

Who is left servicing the orphaned contracts

An installer bankruptcy almost never cancels the customer's loan, because the installer did not own it. The register's "services contracts now" column records who does. 14 rows name a specific lender or servicer; 22 more say the contract stayed with "your lender or lease provider" without naming one; 52 are "Not found". GoodLeap appears most often, named as the lender behind customers of 6 failed installers.^[2] SunStrong Management is next because it took over the Sunnova and legacy SunPower leases and PPAs, the two largest customer books on the list, and Solar Servicing LLC now services former Solar Mosaic loans.

If you are not sure who holds your contract, our who services my solar loan lookup lists the transfers we could source. Keep paying whoever is on your latest statement while you check; we do not advise homeowners to stop making payments or breach contractual obligations.

From Chapter 11 filing to Chapter 7 liquidation

10 companies filed Chapter 11, hoping to reorganize or sell, and ended up in Chapter 7. For the six where the register records both dates, the average time from filing to conversion was 118 days (median 112), from 23 days at Shine Solar to 238 days at iSun.^{[4][5][6][7][8][9]} For a homeowner that window matters: once a case converts, the chance of a sale that keeps the installer's warranty alive is gone.

Customers affected: what the register can and cannot say

We are often asked for the ten largest failures by customers affected. The register does not carry that number, because reliable counts of affected households rarely exist outside the company's own filings, and we do not publish estimates we cannot source. The register carries a numeric figure of any kind on only 5 of 91 rows, listed below. None is a verified count of affected households, and we do not rank companies on them.^{[10][11][12][13][14][15]}

By customer books held, the largest failures are the lease, PPA and lender cases (Sunnova, SunPower, PosiGen, Solar Mosaic, Sunlight Financial) and the largest multi-state installers (Titan Solar Power, Pink Energy, Freedom Forever, Lumio, Sunworks). Company-level counts, where a court filing or press release states one, are on each company's own page, linked from the register.

Embeddable summary table

Plain HTML, no scripts or styles. Copy it into your article or report; the caption carries the attribution link.

<table>
<caption>US residential solar company failures by year, 2022 to October 21, 2026 (91 companies). Source: <a href="https://solarpanelexit.com/solar-company-bankruptcy-statistics/">SolarPanelExit.com, Solar Company Bankruptcy Statistics</a></caption>
<thead><tr><th>Year</th><th>Companies</th><th>Bankruptcy or court process</th><th>Closed, no filing found</th></tr></thead>
<tbody>
<tr><td>2022</td><td>8</td><td>7</td><td>1</td></tr>
<tr><td>2023</td><td>18</td><td>13</td><td>5</td></tr>
<tr><td>2024</td><td>29</td><td>23</td><td>6</td></tr>
<tr><td>2025</td><td>24</td><td>23</td><td>1</td></tr>
<tr><td>2026 (to Oct 21)</td><td>11</td><td>11</td><td>0</td></tr>
<tr><td>Date unknown</td><td>1</td><td>0</td><td>1</td></tr>
<tr><td><strong>Total</strong></td><td><strong>91</strong></td><td><strong>77</strong></td><td><strong>14</strong></td></tr>
</tbody>
</table>

Rendered, it looks like this:

Methodology and limits

What counts. A row is a company tied to US home solar (two, Maxeon and LG Electronics, are based abroad) that sold, financed, leased, serviced or manufactured equipment for residential solar and that, since January 1, 2022, filed any chapter of bankruptcy, entered a receivership, an assignment for the benefit of creditors or a foreign insolvency, closed its doors, or exited the residential solar business. Affiliates filing together count once (Titan Solar Power's jointly administered cases, Sunworks and Solcius as parent and subsidiary are two rows because they operated as separate brands).^[3]

What does not count. Companies in distress that are still operating (Sunrun, for example, is on the register's watch list, not the register). Layoffs, lawsuits and attorney general actions without a closure. Commercial-only or utility-scale developers. Companies whose residential work we could not confirm are kept, with the status "residential share of its work not confirmed" (24 rows).

Verified vs reported. 80 rows are verified: a court docket, claims agent site, regulator or SEC record, or two or more independent outlets. 11 rows are reported: a single outlet, a trade directory or an indirect record. Both are counted in every figure on this page; the by-year table shows the verified count separately so you can exclude reported rows if you prefer.

Dates. Year and month are the bankruptcy filing date where there is one, otherwise the announced or reported closure date. 0 rows carry only a year, 0 only a year and month, and 1 no date. Chapter 11 cases that later converted are dated by the original filing.

States. Headquarters is the state in the petition or the company's registration. States served come from the company's own site, licensing records or court filings; 12 multi-state companies carry no list and count only for their headquarters, so states-served figures are a floor.

Reproducing the numbers. Every figure is a count over the register CSV: by_year uses filing_date and event; by_type uses type; by_chapter uses event; by_state uses hq_state and states_active; servicers uses servicer_now; conversions use the dates in status. The CSV and the register table carry the same 91 rows in the same order.^[1]

Limits. The register is a floor, not a census. It is built from dockets, claims agents, regulators, SEC filings and news, so a small installer that closed quietly is missing. Recent filings lag by weeks. Older small cases are harder to find than recent ones, which flatters 2022 and 2023. Counts change as rows are added or corrected; cite the "Updated" date. Last updated: October 21, 2026.

Frequently asked questions

Sources

Every figure is computed from source [1]. Row-level sources for each of the 91 companies are on the register [2]. Sources [4] to [15] are the records behind the named conversion dates and customer figures quoted above.

1. DatasetSolarPanelExit.com, US Residential Solar Company Bankruptcy and Closure Register, CSV (91 rows, built October 21, 2026)
2. RegisterSolarPanelExit.com, Solar Company Bankruptcy Register: US home solar bankruptcies and closures since 2022 (row-level sources, court case numbers and deadlines)
3. RegisterSolarPanelExit.com, register methodology (what counts, verified vs reported, how rows are checked)
4. Court recordFreedom Forever LLC, Bankr. D. Del. 26-10522, docket (filed Apr 15, 2026; conversion to Chapter 7 effective Aug 7, 2026)
5. Court recordExpert Inc. (Expert Solar), Bankr. M.D. Fla. 25-08928, docket header (filed Nov 26, 2025; converted May 8, 2026)
6. Court recordShine Solar LLC, Bankr. W.D. Ark. 25-70455, docket header (filed Mar 17, 2025; converted Apr 9, 2025)
7. Court recordOrbit Marketing LLC d/b/a Climax Solar, Bankr. W.D. Mich. 24-01123, docket (petition Apr 27, 2024; converted Aug 14, 2024)
8. Court recordCovenant Solar Tech LLC, Bankr. E.D.N.C. 5:23-bk-00998, docket (filed Apr 11, 2023; converted Jun 8, 2023)
9. NewsWaterbury Roundabout, SunCommon powers on as former parent iSun's bankruptcy converts to Chapter 7 (Jan 27, 2025 conversion)
10. NewsSolar Power World, EnergyAid offers lifeline to abandoned Suntuity Renewables solar customers (more than 11,000 former customers)
11. Court recordChapter 7 trustee for Pink Energy (Power Home Solar), Bankr. W.D.N.C. 22-50228, case information page (6,191 claims filed)
12. RegulatorFlorida Attorney General v. MC Solar, complaint (Nov 2023, 400+ complaints)
13. RegulatorNorth Carolina Department of Justice, consumer alert on Encor Solar (Feb 2024)
14. NewsWRAL, Encor Solar shutdown, about 190 GoodLeap borrowers affected per GoodLeap
15. RegulatorConnecticut Attorney General, investigation of SunStrong Management (about 65 complaints)