Major Solar/Storage Companies File for Bankruptcy

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Solar Industry Leaders Show Up in Washington

What’s new:

Yesterday, solar leaders from every corner of the country descended on Capitol Hill on June 11th for a high-stakes lobby day as the Senate races to finalize its reconciliation bill before July 4.

Among them were representatives from Pennsylvania companies who delivered a letter to Pennsylvania Senators John Fetterman and Dave McCormick, urging them to oppose proposed federal tax credit cuts in the “One Big Beautiful Bill Act.” The letter was signed by more than 130 Pennsylvania solar and energy efficiency companies, including us at Exact Solar!

Why it matters:

Industry leaders warned that rolling back Inflation Reduction Act incentives would threaten thousands of solar jobs and more than 100,000 related energy jobs in Pennsylvania.

Industry leaders made the case for preserving and improving solar tax credits, since the version of the “One Big, Beautiful Bill” that came out of the House essentially repeals them.

Solar Energy Industries Association CEO Abby Hopper, who’ll be in DC leading the charge in the coming months, had this to say in a LinkedIn post:

“We’re sprinting through a marathon. Every day matters as the Senate pushes to finish the reconciliation bill. The Senate Finance Committee is expected to release its proposal soon, and we need a surge of advocacy.”

Even if you can’t make it to the capital in person, there are several things you can do to make your voice heard locally.

Here’s SEIA’s Playbook:

* Keep Reaching Out

Engage your senators and representatives directly, especially if they represent a district where you have projects or business presence.

Their advice:

“Every office measures constituent interest by the volume and quality of outreach. Don’t let up.”

* Tell Emotional Stories, Backed Up By Numbers

Do you have staff members who love their jobs and have poured their heart and soul into building skills? Consider highlighting them on social media and asking your audience to reach out to their Senators to protect people like them. Use that momentum to book a meeting with your Senators, and show up with specific data: how many local projects you have, which jobs are at stake, and how private investment tax revenue will be impacted if the bill passes in its current form.

* Op-eds & Local Media

Use the highlights and data you’ve built to publish op-eds in local papers and trade outlets. Share real-world impacts and company stories. If you’ve already written one, send it to SEIA. They’re building a comprehensive resource for lawmakers.

* Share Photos & Updates

If you meet with a Senator or their staff, post photos on social media and tag SEIA so they can amplify it!

As we covered last week, 13 House Republicans sent a letter asking Senate leadership to fix the bill. So advocacy is working! Keep up the pressure.

Sunnova, Mosaic, and Powin File for Bankruptcy

What’s new:

Three major clean energy companies filed for Chapter 11 bankruptcy protection in the first weeks of June.

* Sunnova, the second-largest U.S. residential solar installer using third-party ownership, will sell off assets and wind down operations after failing to secure new financing amid high interest rates and federal policy uncertainty. The company laid off 55% of its workforce and owes millions to local solar installers and banks.

* Mosaic, a top residential solar and home improvement lender, also cited high interest rates and the House’s move to cut solar tax credits as a key reason why they’re filing for Chapter 11. Mosaic intends to restructure while continuing loan servicing, but warned of ongoing payment delays to installer partners.

* Powin, a leading utility-scale battery storage company, filed in New Jersey and will spin off its software services while selling hardware assets. Supply chain issues, project cancellations, and tariff uncertainty contributed to Powin’s financial troubles.

Why it matters:

All three companies point to uncertainty in the market as the reason they’re filing for bankruptcy.

Developers, contractors, and customers across the U.S. face ripple effects as these industry giants delay paying their debts and finishing their in-progress projects.

Large companies in the solar industry going out of business have reignited this debate:

“Is residential solar a