Failed solar companies

Why are solar panels being sued?

Today’s legal actions are the result of the Attorney General’s Consumer Protection Division investigations revealing the companies misled consumers about solar panel system installation processes, misrepresented pricing and incentives, and in some cases, caused damage to customers' property.

Is the solar industry in trouble?

Residential solar representatives dispute the claim that the industry is in trouble; though installations will decline in 2024, the number of homes with rooftop solar will increase from 4 million today to 10 million by 2030, according to Stephanie Bosh, vice president of communications for the Solar Energy Industries Association.

What happens when a solar company goes offline?

When a solar company goes offline, capacity comes offline, meaning less-efficient companies are closing down. Here's an incomplete list of solar firms that have closed down, either by closure, bankruptcy, or fire-sale acquisition:

Are any Chinese solar companies closing down?

There's a list of relatively unknown Chinese solar companies that have closed down, gone bankrupt, or been acquired through fire sales. Here are some of the solar firms that have left the building: If we missed a firm, please, dear reader, let us know, and we'll amend the list.

Which solar companies have gone insolvent?

One more solar company, Concentrator Optics, has gone insolvent. The firm had received investment from Capricorn Venture Partners to build Fresnel lenses for the CPV market. It may be an interesting case to consider when approaching a VC firm with a similar pitch today.

What happens if a solar system goes out of business?

The supply chain for solar components might experience fluctuations due to altered demand patterns. Industry consolidation might occur, with larger players absorbing defunct companies’ client base and assets. Homeowners may worry about the longevity and maintenance of their solar systems.