Bankrupt solar companies graphic

Why did complete solar file for bankruptcy?

The company filed for Chapter 11 Bankruptcy, which allows a company to restructure while it continues to operate. Complete Solar, acting as a “stalking horse buyer,” was awarded the bid for a portion of SunPower's assets, including Blue Raven Solar, SunPower’s New Homes business, and a portion of SunPower's Dealer network.

Could a solar company go bankrupt?

More bankruptcies may be on the horizon, too – in California alone, a whopping 75% of solar companies are now under financial duress, according to research from solar warranty provider Solar Insure For consumers with solar panels, a solar provider’s bankruptcy is more than just a headline; it can be the start of a huge headache.

Why did SunPower go bankrupt?

After major months of public struggles and structural changes, SunPower, one of the country’s largest home solar providers, filed for bankruptcy. This leaves the company’s nearly 600,000 residential solar customers wondering, “What do I do now?” To put it simply, it’s complicated.

Can a solar company survive a Chapter 11 bankruptcy?

Not all companies survive Chapter 11 bankruptcies, though. Action you can take now: If your solar company files bankruptcy or another company acquires it, you should receive a letter in the mail telling you about the situation and if it will affect your contract.

Can a solar installer call a manufacturer if a company goes bankrupt?

So as long as the solar installer and manufacturer aren’t the same company, you should still be able to call the manufacturer for warrantied service on the panels. If your installer is also the manufacturer of the solar panels, bankruptcy could affect your manufacturer warranty.

Why did sunlight financial file for bankruptcy?

Sunlight Financial, a big player in the solar finance space, filed for Chapter 11 bankruptcy in October; it also faces a lawsuit alleging that the company made false and misleading statements about its financial well-being.