Reading the Sequence, Not Just the List
More than 100 US solar companies have filed for bankruptcy or shut down since 2023, the largest wave the industry has seen in roughly 20 years. The maintained list of those filings lives on the solar bankruptcy statistics page. This page tells the same story a different way, as a timeline, because the order matters: install slowdown, then a financing shakeout among lenders and lease providers, then dealer-network collapse, each stage setting up the next.
The Timeline
| Date | Company | Event |
|---|---|---|
| June 13, 2024 | Titan Solar Power | Chapter 7. Top-10 residential installer that grew via dealer networks tied to overselling claims. |
| August 2024 | SunPower Corp | Chapter 11. Blue Raven Solar and its dealer network sold to Complete Solaria for $45 million. |
| 2024 | Lumio | Chapter 11. Public reporting is limited beyond the confirmed filing. |
| June 2025 | Sunnova | Chapter 11. $10 billion to $50 billion in assets and liabilities, 718 layoffs, plan confirmed November 2025. |
| June 2025 | Mosaic | Chapter 11. Major solar loan financier, also a Freedom Forever creditor. |
| August 2025 | PosiGen | Ceased most operations. Had served 40,000 customers across 15 states. |
| November 24, 2025 | PosiGen | Chapter 11 filed. |
| February 24, 2026 | PosiGen | Liquidating plan confirmed. |
| April 3, 2026 | Freedom Forever | Named by Texas Attorney General Ken Paxton in a fraud-practices probe. |
| April 15, 2026 | Freedom Forever | Chapter 11. Number two US residential installer, 6.1% market share, $500 million to $1 billion in liabilities, more than 3,600 employees, roughly 2 GW installed across 35 states. |
What the Sequence Adds Up To
Read in order, this is not a series of unrelated corporate failures. It is a supply chain unwinding one layer at a time: an installer with an aggressive dealer network first, then the lenders and lease financiers behind the loans those dealers wrote, then a low-income specialist model that could not survive the financing shift, then the industry's second-largest brand under both financial and regulatory pressure at once. Roughly 21,000 clean-energy jobs and more than $24 billion in cancelled investment sit behind this timeline through just the first ten months of it.
Sources
The external data in this article draws on the sources below. Figures described in the text as estimates or industry triangulations are directional and are not attributed to a single dataset.
- Solarinsure, complete list of solar bankruptcies and closures
- solarcc.com, guide to solar company bankruptcies
- EnergySage, SunPower bankruptcy explainer
- PV Tech, Sunnova and Mosaic Chapter 11 coverage
- pv-magazine-usa, PosiGen bankruptcy coverage
- pv-magazine-usa, Freedom Forever Chapter 11 coverage
- Elevenflo, Freedom Forever bankruptcy detail