Submitted by Law Office Blogger on Mon, 02/10/2025 - 11:53am
Solar panels have been all the rage in the last decade but bankruptcy seems to be dominating the headlines. Several major solar companies have been filing for bankruptcy due to a combination of financial, market, and policy-related challenges. More specifically, rising interest rates, supply chain issues, policy uncertainty, labor and installation costs. If a big solar firm fails, it can ripple through the industry, affecting suppliers, installers, and financiers.
If you are a homeowner affected by a solar company who has filed for bankruptcy protection, here are a few steps to take to get ahead of the situation. First, review your contract for warranty details and any clauses about service disruptions. Contact the manufacturer of your solar panels or system components for warranty support. Seek alternative local contractors who might take over service agreements. Lastly, take advantage of your solar companies extended warranty if applicable. If your solar panel company filed bankruptcy and you need to find out how this affects you, contact the Law Offices of John T. Orcutt and see what your options are from trained professionals.
Major Solar Bankruptcies as of November 2024 Include:
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