
SunPower Corporation, once considered the premium brand in residential solar, filed for Chapter 11 bankruptcy in August 2024.
SunPower Corporation, once considered the premium brand in residential solar, filed for Chapter 11 bankruptcy in August 2024. The company had been struggling with declining margins, dealer network problems, and thousands of unresolved customer complaints. If you have a SunPower loan, lease, or PPA, the bankruptcy filing may give you significant legal leverage to renegotiate or cancel your agreement — especially if your system is underperforming or your warranty is now worthless.
Most people have their solar canceled and still get to keep their equipment.
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Part of the Solar Company Bankruptcies: What Homeowners Must Do knowledge cluster