So far in 2024, customers of more than onebig installerhave felt those big downhill drops.
The latest solar giant to struggle is SunPower Solar, one ofCNET’s picks for best national solar companies.
On Sept. 16, it was also confirmed thatComplete Solar is the winning bidderin SunPower Chapter 11 proceedings.
The SunPower brand and 1,000 employees will become part of Complete Solar.
Can solar panels save you money?
Interested in understanding the impact solar can have on your home?
Enter some basic information below, and well instantly provide a free estimate of your energy savings.
“The dark cloud currently hanging over the US solar industry will not bring SunPower’s demise.
For customers of SunPower, the news raises questions, chiefly: What happens to my solar panels?
The delisting will occur on Aug. 16.
Three weeks ago, SunPower notified California of its intent to lay off 290 employees in the state.
In the company’s WARN notice, it attributed the layoffs to “recent financial circumstances.”
SunPower recently ceased solar leasing and power purchase agreement operations in July.
The end of solar leasing and power purchase agreements has removed these cheaper financing options available to SunPower customers.
SunPower’s CEO resigned that month.
Its auditor, Ernst & Young, quit in June.
The companycut other business lines, including direct sales, in April.
That month, SunPower underwent a much larger round of layoffs, letting go of about 1,000 workers.
CNET has reached out to SunPower for comment.
What happens to the solar panels installed on your home?
What about the warranties?
What do you better know if your solar company goes out of business?
Here are some of the situations you might find yourself in andhow to make sense of them.
What happens to the warranties on your solar equipment?
Maxeon said customers need to register by Dec. 31, 2024.
If your warranty is with your solar installer, that’s where things can get more complicated.
In selling you that warranty, the solar company should be obligated to honor it under any circumstances.
What if you have a solar lease or a power purchase agreement?
You’ll continue making payments as if nothing happened.
If your solar lease is contracted through your solar installer, the lease should be transferred to another company.
Why is this happening now and should it affect your choice to go solar?
SunPower is the longest-tenured national US solar company, founded in 1985.
The company is one of a small handful of solar panel installers that operates in all 50 states.
