Solar Installer Financial Health Tracker

America's #1 residential solar contractor filed for Chapter 11 bankruptcy protection on April 15, 2026, reporting debts of $500M–$1B. Driven by California NEM 3.0 margin compression and over-leveraged expansion. In July 2026 the stalking-horse buyer, Velera, withdrew (July 20), leaving the case with no lead bid or price floor; the July 31 sale hearing proceeded anyway, with the estate expecting no recovery for unsecured creditors and the case on a wind-down/liquidation trajectory. The withdrawn insider deal had capped assumed warranty obligations, and SolarEdge — which has disclosed net-zero financial exposure and holds a UCC lien — emerged as the likeliest asset buyer.

Bankruptcy

Chapter 11 · filed April 15, 2026
Reported debt: $500M–$1B
U.S. Bankruptcy Court

Warranty — at risk

Manufacturer equipment warranties (panels, inverters, batteries) are unaffected. Freedom Forever's workmanship/labor warranty is at risk under Chapter 11 — confirm the warranty obligor in your contract and expect heightened risk while the asset sale completes.

US residential solar installer (formerly Sunpro Solar), a division of ADT Inc. (NYSE: ADT). ADT announced its exit from the residential solar business on January 24, 2024, and wound down ADT Solar operations across 20+ states through the first half of 2024. This was a corporate strategic exit, not a bankruptcy filing; the installer division has ceased operations.

Warranty — at risk

ADT Solar is no longer accepting new service work as the division has wound down. Equipment warranties (panels, inverters, batteries) remain backed by their manufacturers, so register your equipment directly. ADT stated it intended to honor certain existing obligations during the wind-down; affected customers should contact ADT corporate and document any open warranty or service claims in writing.

US residential solar and energy-efficiency company. Financial-health review pending — verify via BBB and recent news.

Privately held US residential solar installer. Financial-health review pending — verify via BBB and recent news.

US residential solar and clean-energy services company. Financial-health review pending — verify via SEC filings, BBB, and recent news.

Residential solar and energy-efficiency installer headquartered in New Orleans, LA (Brookfield-backed; roughly 30,000–40,000 customers across 12–15 states). Announced it would cease most US operations in August 2025, then filed for Chapter 11 on November 24, 2025 in the Southern District of Texas, listing both assets and liabilities in the $100M–$500M range. A liquidating plan was confirmed on February 24, 2026 (effective February 26); Renewbrook Energy acquired the residential portfolio with Omnidian handling servicing, and leased systems continue under the estate sale.

Bankruptcy

Chapter 11 · filed November 24, 2025
U.S. Bankruptcy Court, S.D. Tex.

Warranty — transferred

Equipment warranties (panels, inverters, batteries) remain backed by their manufacturers. PosiGen's residential portfolio was acquired by Renewbrook Energy in the bankruptcy sale, with Omnidian handling ongoing servicing; leased systems continue under the estate sale. Confirm your current contract obligor.

Residential solar installer founded in Pasco, WA (most recent HQ Medford, OR). Notified Oregon officials on December 23, 2025 of an immediate shutdown — 109 Oregon employees out by December 26, after 106 Washington workers were laid off weeks earlier. CEO JD Beck said the company was "out of time and out of money" with a Chapter filing imminent; its lender declared default after three unacceptable acquisition offers, and management blamed the H.R. 1 (OBBBA) expiration of the 25D credit for the collapse.

Bankruptcy

Chapter 11 · filed December 30, 2025
U.S. Bankruptcy Court, E.D. Wash. (case 2:25-bk-02262)

Warranty — void

Solgen's workmanship/labor warranty ended with the wind-down — no operating company remains to honor labor claims. Equipment warranties (panels, inverters, batteries) remain backed by their manufacturers, so register your equipment directly with the manufacturer.

US residential solar company (formerly NASDAQ: SPWR). Filed for Chapter 11 bankruptcy on August 5, 2024, in the U.S. Bankruptcy Court for the District of Delaware, and sold substantially all of its assets to Complete Solaria. SunPower no longer operates as a standalone entity.

Bankruptcy

Chapter 11 · filed August 5, 2024
U.S. Bankruptcy Court, D. Del.

Warranty — transferred

Equipment warranties (panels, inverters, batteries) are backed by their manufacturers and are unaffected by SunPower's bankruptcy. Certain SunPower service contracts and warranty obligations were acquired by Complete Solaria as part of the asset sale; contact Complete Solaria to confirm ongoing coverage. Register your equipment with the manufacturer regardless.

Publicly traded US residential solar company (NASDAQ: RUN). Financial-health review pending — verify via SEC 10-K/10-Q filings on EDGAR.

Publicly traded US residential solar and storage company (NYSE: NOVA). Filed for Chapter 11 bankruptcy protection on June 9, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas (case 25-90160). Its assets were sold to Solaris Assets under a Section 363 sale, and the reorganization plan was confirmed on November 12, 2025. Sunnova continues to operate under new ownership as a reorganized entity.

Bankruptcy

Chapter 11 · filed June 9, 2025
U.S. Bankruptcy Court, S.D. Tex. (case 25-90160)

Warranty — transferred

Equipment warranties (panels, inverters, batteries) remain backed by their manufacturers and are unaffected. Sunnova's customer contracts and service obligations transferred to Solaris Assets under the Section 363 sale, so confirm your current contract obligor. Pre-existing Sunnova workmanship warranties are being administered by the reorganized entity; verify any coverage in writing.

Solar and storage division of Tesla, Inc. (NASDAQ: TSLA). Financial-health review pending — verify via Tesla's SEC filings.

Privately held US residential solar installer (Mesa, AZ). Abruptly ceased operations on June 13, 2024, and filed for Chapter 7 liquidation on June 28, 2024, in the U.S. Bankruptcy Court for the District of Arizona (case 2:24-bk-05225). An estimated 150,000+ customers were affected, many with incomplete installations and orphaned workmanship warranties.

Bankruptcy

Chapter 7 · filed June 28, 2024
U.S. Bankruptcy Court, D. Ariz.

Warranty — void

Titan's workmanship and labor warranty is void: Chapter 7 is a liquidation with no reorganized entity to honor it. Equipment warranties (panels, inverters, batteries) are separate and remain backed by their manufacturers, so register your equipment directly with the manufacturer. For incomplete installations, contact your state contractor-license board and the bankruptcy trustee, and check whether a new installer can complete the work.

Privately held US residential solar installer. Financial-health review pending — verify via BBB and recent news.

Houston, TX residential solar installer (founded 2014; self-described #1 in Texas with 17,000+ projects). Wound down operations in December 2025: layoffs hit the week before Christmas, a CEO email citing "structured updates" left the customer-service line unstaffed, and the VP of field operations was furloughed in January 2026 "with no return date." The company's monitoring app lists it as out of business, and no bankruptcy filing had been confirmed as of October 2026.

Warranty — at risk

Equipment warranties (panels, inverters, batteries) survive via their manufacturers. TriSMART's workmanship warranty is orphaned with the wind-down, and customers report still owing on Goodleap-financed loans — contact your lender and register your equipment with the manufacturer directly.