Is the solar company out of business

What happens if solar panels go out of business?

Solar panels are a long-term commitment that can require maintenance and service throughout their lifetime. If the company that installed the panels on your roof goes out of business, you could be left in a pickle.

Are solar companies going out of business?

If you’ve been following the news, you’ve probably noticed that the list of solar companies going out of business seems to keep getting longer. A confluence of factors, like higher interest rates and energy policy changes at the state level, have left some solar companies struggling to stay in business.

What if a solar installer goes out of business?

The equipment manufacturer or your solar loan financing company could help connect you with their network of installers to complete repairs if your company goes out of business. Third-party warranties and Operations and Maintenance packages are available for solar systems to help protect you if your solar installer does go under.

Why are some solar companies struggling to stay in business?

A confluence of factors, like higher interest rates and energy policy changes at the state level, have left some solar companies struggling to stay in business. Major companies like Titan Solar Power and ADT Solar have already gone under, leaving thousands of customers unsure of what to do with their solar panel systems.

Did Titan solar go out of business?

Two years later, the panels have never been switched on and the company that installed them—Titan Solar—has abruptly gone out of business, leaving Palmer with a shiny but useless array on her roof.

What happens if a solar lease or loan goes out of business?

If you took on a solar lease or loan through a solar company that has gone out of business, the lease or loan should be transferred to a new company -- at least in theory. It depends on your original contract, so Michaud advises digging that out and reading the fine print.