Rooftop Solar Bust: 115 and Counting

From MasterResource

By Robert Bradley Jr.

A solar bankruptcy list has been compiled by Data Register, “Data from Solar Company Bankruptcy Register: US Home Solar Bankruptcies and Closures Since 2022.” Their summary of the current state of the industry speaks for itself (reproduced verbatim below). I then offer a final comment, followed by Appendice A on (long-term) contract transfers from busted companies and Appendix B on previous posts on the rooftop solar bust.

DATA REGISTER

Since 2022, more than 90 solar companies that sold, financed, serviced, or supplied U.S. homes have gone bankrupt, entered a court-supervised wind-down, or liquidated. The yearly count is 29 in 2022; 29 in 2024; 24 in 2025, and 11 in 2026 (to date). Seventy-seven (85 percent) went through a bankruptcy court or similar proceeding, 51 (56 percent) are Chapter 7 liquidations once conversions are counted, 79 (87 percent) are installers. Forty states have at least one failed company. Charts by year, month, state, type and chapter, the lenders left servicing the contracts, and an embeddable table: solar company bankruptcy statistics.

The breakdown is 79 installers, 5 manufactures, 4 leases/PPA installer, 2 lenders, and 1 servicer.

If your solar company went out of business, your contract did not. A loan is owed to the lender on your monthly statement, not the installer; a lease or PPA passes to whoever bought the contracts; equipment warranties from the panel and inverter makers usually survive even when the installer’s workmanship warranty does not. First steps: find the company’s row below for its court case, claims deadline and current servicer, keep paying while you sort it out, and save every document. Full guide: your solar company went bankrupt, now what; lookup: who services my solar loan; repairs: solar repair after an installer bankruptcy.

Key Numbers

The breakout is 91 companies (2022–2026); 77 bankruptcy or other court process; 72 with a court and case number; 80 verified on a docket, regulator record or 2+ outlets.

By year of filing or closure, and by the kind of company that failed. Installers dominate the count; lenders and lease providers are fewer but each one moved thousands of homeowners to a new servicer. The states with the most listed failures are Texas (19), California (18), Florida (13), Arizona (8), North Carolina (7), Illinois (6). A company is counted in every state where it sold, so state counts add up to more than 91.

YearListedCourt processClosed, no filing found
Unknown101
202611110
202524231
202429236
202318135
202287

Final Comment (Bradley)

The year 2025 was the nadir for rooftop solar, with industry leader Sunnova, founded by Enron-ex and illusionist John Berger (who made out with millions of dollars, a rare winner). The lesson? AI summarized:

The Sunnova case has become a cautionary tale in the solar industry, underscoring the importance of keeping all documentation … researching a company’s financial health before signing contracts. understanding all terms, especially service and maintenance obligations … avoiding tying financing solely to the installer.

—

Appendix A: Company Contract Transfers (per Data Register)

Bankrupt solar companies left their customer with long-term Purchase Power Agreements (PPAs) that promised servicing and replacement. Consider it a loan to the company. So who services these loans?

When an installer fails, a solar loan usually stays with the lender. When a lender or lease provider fails, the contract is usually sold or handed to a new servicer, and the terms generally stay the same. These are the transfers we could source.

Failed company

Contract type

Who services it now

Source

Sunnova

Leases, PPAs and Sunnova loans

SunStrong Management, LLC, for Solaris Assets, LLC (sale closed by Sep 4, 2025)

Business Wire (Solaris)

SunPower

Leases and PPAs

SunStrong Management, LLC. SunPower loans stay with the original lender or loan owner

EnergySage

Solar Mosaic

Solar loans

Solar Servicing LLC, a Forbright Bank subsidiary (from Sep 22, 2025)

Forbright Bank

PosiGen

Leases and PPAs

Customer service moved to Omnidian and SunStrong Management under the court-approved sale

pv magazine USA

Sunlight Financial

Solar loans

Sunlight Financial LLC, still operating under new owners since Dec 2023

pv magazine USA

Freedom Forever

Loans, leases and PPAs it sold

Unchanged: your lender or lease provider. Seven financing partners got rights to finish stranded installs

pv magazine USA

iSun / SunCommon

SunCommon customers

SunCommon continues under its buyer and says it is not part of the Chapter 7

Appendix B: Rooftop Solar Posts

The rise and predictable fall of Sunnova, the industry leader:

And more generally (and more recently):

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3 Comments
CD in Wisconsin
November 12, 2026 6:29 pm

And now a newly-elected Democrat controlled Congress is probably going to want to pour more tax $$$$ into the industry. Their political support base in the environmental movement will demand it.

Like bailing water out of a sinking Titanic.

Bryan A
Reply to  CD in Wisconsin
November 12, 2026 6:38 pm

And Trump 47 will veto every bill trying to do so. With any luck Vance 48 will continue.

Bryan A
November 12, 2026 6:36 pm

With many of these Solar Fiascos the Company “Selling” the homeowner the panels actually still owns them with a Power Purchase Agreement. I wonder what happens to those when the parent solar company goes belly up?