What solar company went out of business

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.

Which solar companies have failed this year?

Dozens of other solar firms have failed this year as well, including Infinity Energy, Solcius, and Kayo Energy. “We pretty much have a $70,000 roof ornament at this point,” says Jasmine Hendrickson, who had a system installed by Pink Energy a week before the company went out of business.

What happens if a solar service provider goes out of business?

If your service provider goes out of business and isn’t immediately acquired by another company, one of the first things you should do is reach out to your solar panel manufacturer, said Michael Skipper, a service coordinator at Exact Solar.

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.

Are solar companies going out of business in 2024?

2024 has proven to be a tough year for large solar companies. 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.

Did a solar company close its doors?

Read More: Another Solar Company Goes Bust Titan was the largest solar installer to close its doors when it shut down June 13, according to research firm Wood Mackenzie, but customers like Palmer are not alone in having nonworking panels on their homes and nowhere to turn.