“The Complete List of Solar Bankruptcies and Business Closures”

Source: SolarInsure
Last Updated:
July 7, 2025
The solar industry experienced exponential growth over the last decade as costs fell and favorable policies helped drive mass adoption.
However, 2024 has brought immense challenges, with higher interest rates, tighter financing, and adverse policy shifts in key states contributing to over 100 solar bankruptcies based on our industry data, a number unseen before in our almost 20 years in the solar sector.
California was particularly hard hit due to new net metering rules under NEM 3.0 that radically reduced system economics.
These adverse state policy impacts exacerbated financing shifts, triggering plummeting demand and an 80% decrease in rooftop solar installation volume. The California Solar & Storage Association reports that the fallout includes thousands of stalled projects, over 17,000 industry layoffs, and a wave of high-profile bankruptcies.