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Are Solar Installers In Trouble?

  • Writer: Mehrnaz Ebtedaei
    Mehrnaz Ebtedaei
  • Dec 31, 2024
  • 2 min read

Updated: Apr 4, 2025



2024 hasn’t been a good year for US Solar Installers. Sunworks Inc., along with three of its subsidiaries, terminated their operation and filed for bankruptcy in February. The company was in business for over 20 years, installing over 27,405 solar installations, adding over 224 MW of distributed solar energy to the grid nationwide. The company operates in major rooftop solar markets including California, Texas, the Southwest, the Carolinas, Florida, and the Northeast.


Then Titan Solar Power, one of the largest residential companies in US, abruptly closed its doors in June and filed for bankruptcy.  Founded in 2013, with tens of thousands of residential solar installations across 16 states, Titan had established itself as a strong player in the solar industry.


Just a few weeks ago in August, SunPower, another pioneer in solar field, filed for bankruptcy. In the two decades since SunPower went public, the company’s various solar installations generated approximately 173 TWh of electricity.


Why has the residential solar industry in the United States been struggling? Higher interest rates, policy shifts (NEM 3.0) and regulatory changes contributed to unappealing financial of installations for customers, demand cratered and rising excess inventory spelt doom for many of these companies.


However; there is this school of thought that it might be a positive turning point in solar industry. Regulations are being modified to protect customers. Solar companies allow to vet sales partners, prevent poor practices by unregistered salespeople, and identify individuals with a history of consumer protection violations who try to move from company to company (Recheck). Therefore; companies with poor operations and business model that can’t pivot will fail while many successful solar companies are growing.

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