Solar contract guide
My solar company went out of business. What happens to my loan?
Short answer
In most cases the loan or lease doesn't go away when the installer does. Solar loans are usually held by a separate lender, and leases are often sold to another company. What can change is who services your account and who covers repairs.
Why the loan usually survives the installer
The company that sold you solar and the company that financed it are often two different businesses. The installer gets paid up front by the lender. When the installer closes, the lender still holds your loan and expects payments.
Leases and power purchase agreements work differently, but the result is similar. When a big solar company goes through bankruptcy, its customer contracts are usually sold to a new owner, and payments continue under that owner.
Recent examples
- SunPower filed for Chapter 11 bankruptcy in August 2024. Parts of the business were sold, and lease and loan servicing moved to other companies.
- Titan Solar announced it was shutting down in June 2024 after it could not find a buyer.
- Sunnova filed for Chapter 11 bankruptcy in June 2025, and its assets were sold.
These are just a few of the companies that have closed. Installer closures have been common across the industry in the last few years.
What usually changes for you
- Who you pay. Your loan or lease may now be serviced by a different company. Statements and payment portals can change.
- Repairs and warranties. Workmanship warranties from the installer may no longer be honored. Equipment makers sometimes still cover the panels or inverters.
- Monitoring. Apps and monitoring tied to the old company can stop working.
What to gather first
- Your signed solar agreement and your loan or lease agreement. These are often two separate documents.
- Your most recent statement, so you know who is servicing the account now.
- Anything you were given at the sale: proposals, savings estimates, texts or emails from the rep.
- Your last 12 months of power bills, if the system isn't producing what you were told.
Keep making your payments while you sort this out. Missed payments can hurt your credit and make your situation harder.
When it's worth a closer look
An installer closing doesn't by itself change what you owe. But many homeowners in this spot also find other problems once someone reads the paperwork: a balance much higher than the price they were told, payments that went up, or savings promises that never showed up. That's what a contract review looks for.