Solar company bankruptcies,
and what they mean for you.

Feb 2026Virginia Attorney GeneralDividend Finance

Filed a complaint on February 6, 2026, against Fifth Third Bank as successor to Dividend Solar Finance, alleging that Dividend loans sold through Power Home Solar to more than 500 Virginians (about $30 million) overstated savings and hid platform fees of about 15.5% to 16%, in violation of the Consumer Financial Protection Act, the Truth in Lending Act, and the Virginia Consumer Protection Act. These are allegations. Source

Jan 15, 2026Virginia Attorney GeneralPink Energy (Power Home Solar)

Sued individuals and financial institutions involved in Power Home Solar loans in the U.S. District Court for the Eastern District of Virginia under the federal Consumer Financial Protection Act and the Virginia Consumer Protection Act, alleging misrepresented savings and hidden loan fees affecting more than 4,000 Virginia households (allegations). Source

May 22, 2025Arizona Attorney GeneralSunrun

Stipulated consent agreement with Sunrun and Vivint Solar under the Arizona Consumer Fraud Act: $600,000 civil penalty, $50,000 fees, and $600,000 restitution fund, plus customer service and home sale requirements; defendants denied the allegations. Source

May 22, 2025Arizona Attorney GeneralVivint Solar

Stipulated consent agreement with Sunrun and Vivint Solar under the Arizona Consumer Fraud Act: $600,000 civil penalty, $50,000 fees, and $600,000 restitution fund, plus customer service and home sale requirements; defendants denied the allegations. Source

2025Connecticut Attorney GeneralDividend Finance

Settled with Dividend Finance, described as Vision Solar's largest financing partner, requiring it to provide relief to Vision Solar borrowers. Source

Aug 2024Consumer Financial Protection BureauGoodLeap

Published an Issue Spotlight on solar financing describing risks such as hidden dealer fees and misleading tax credit claims. It is a report, not an action against GoodLeap; no CFPB enforcement action against GoodLeap was found. Source

Jul 2024Connecticut Attorney GeneralSunrun

Filed a lawsuit against SunRun Inc., SunRun Installation Services, Bright Planet Solar, Elevate Solar Solutions, and two salespeople alleging deceptive and unlawful sales, including contracts signed without consent (allegations). Source

Mar 28, 2024California Contractors State License Board (represented by the California Attorney General)SunPower

Filed an accusation seeking discipline, up to revocation, of SunPower Corporation, Systems' license over alleged roof damage and failure to repair (allegations); a hearing was set for April 2025, outcome not confirmed. Source

Mar 2024Minnesota Attorney GeneralDividend Finance

On March 8, 2024, Attorney General Keith Ellison announced a lawsuit in Hennepin County District Court against GoodLeap LLC, Sunlight Financial LLC, Solar Mosaic LLC, and Dividend Solar Finance LLC. The complaint alleges deceptive trade practices, deceptive lending, and illegally high interest rates, including that the lenders advertised low interest rates while concealing upfront dealer fees of about 15% to 30% on more than 5,000 Minnesota solar loans since 2017 (about $35 million in fees). These are allegations, not findings. Dividend Solar Finance LLC is a named defendant. Source

Mar 2024Minnesota Attorney GeneralGoodLeap

On March 8, 2024, Attorney General Keith Ellison announced a lawsuit in Hennepin County District Court against GoodLeap LLC, Sunlight Financial LLC, Solar Mosaic LLC, and Dividend Solar Finance LLC. The complaint alleges deceptive trade practices, deceptive lending, and illegally high interest rates, including that the lenders advertised low interest rates while concealing upfront dealer fees of about 15% to 30% on more than 5,000 Minnesota solar loans since 2017 (about $35 million in fees). These are allegations, not findings. GoodLeap LLC is a named defendant. Source

Mar 2024Minnesota Attorney GeneralMosaic

On March 8, 2024, Attorney General Keith Ellison announced a lawsuit in Hennepin County District Court against GoodLeap LLC, Sunlight Financial LLC, Solar Mosaic LLC, and Dividend Solar Finance LLC. The complaint alleges deceptive trade practices, deceptive lending, and illegally high interest rates, including that the lenders advertised low interest rates while concealing upfront dealer fees of about 15% to 30% on more than 5,000 Minnesota solar loans since 2017 (about $35 million in fees). These are allegations, not findings. Solar Mosaic LLC is a named defendant. Source

Mar 2024Minnesota Attorney GeneralSunlight Financial

On March 8, 2024, Attorney General Keith Ellison announced a lawsuit in Hennepin County District Court against GoodLeap LLC, Sunlight Financial LLC, Solar Mosaic LLC, and Dividend Solar Finance LLC. The complaint alleges deceptive trade practices, deceptive lending, and illegally high interest rates, including that the lenders advertised low interest rates while concealing upfront dealer fees of about 15% to 30% on more than 5,000 Minnesota solar loans since 2017 (about $35 million in fees). These are allegations, not findings. Sunlight Financial LLC is a named defendant. Source

Feb 9, 2024North Carolina Department of JusticeEncor Solar

Issued a consumer alert that Encor Solar had gone out of business, leaving North Carolinians without products or services they paid for, and said its Consumer Protection Division was investigating. No lawsuit was reported. Source

Dec 2023Florida Attorney GeneralVision Solar

Sued Vision Solar in the Ninth Judicial Circuit Court in Orange County, alleging deceptive sales tactics, unkept promises about credits and timelines, and improper installations, after at least 180 complaints (allegations). Source

Aug 2023New Mexico Attorney GeneralNM Solar Group

Filed an action against New Mexico Solar Group after its sudden closure, seeking to recover money customers paid for work not completed. News reports said the suit alleges Unfair Practices Act violations, including selling systems while knowing the company might shut down and requiring 50% upfront payments (allegations; no outcome found). Source

Aug 2023New Mexico Attorney GeneralTitan Solar Power

Opened an investigation into Titan Solar over alleged unfair and deceptive business practices, including aggressive sales tactics. No lawsuit was reported. Source

Jul 2023Federal Trade Commission, U.S. Department of Justice, and Arizona Attorney GeneralVision Solar

Sued Vision Solar, lead generator Solar Xchange, and Solar Xchange's owner over unsubstantiated savings and tax incentive claims and calls to numbers on the Do Not Call Registry (allegations as to Vision Solar). Solar Xchange and its owner settled with conduct bans and a $13.8 million civil penalty, partially suspended. Source

Mar 16, 2023Connecticut Attorney GeneralVision Solar

Sued Vision Solar under the Connecticut Unfair Trade Practices Act and Home Improvement Act, alleging high-pressure sales to elderly and disabled homeowners, misstated incomes on loan applications, and unpermitted work. In October 2024 the state obtained a $5 million judgment, which the bankrupt company cannot pay. Source

Feb 6, 2023Tennessee Attorney General and Kentucky Attorney GeneralSolar Titan USA

Sued Solar Titan USA, its principals, and lender Solar Mosaic in federal court under the Consumer Financial Protection Act, the Tennessee Consumer Protection Act, and other laws, alleging missed installations, misrepresented savings and tax credit eligibility, improper permitting, and use of customer funds for personal purchases (allegations). The court found the states likely to succeed and entered a TRO freezing assets and appointing a receiver. Alabama, Georgia, and Virginia later joined. Source

Sep 29, 2022North Carolina Attorney GeneralPink Energy (Power Home Solar)

Announced a formal investigation into Pink Energy and Power Home Solar after hundreds of consumer complaints. Source

Sep 26, 2022Ohio Attorney GeneralPink Energy (Power Home Solar)

Sued Power Home Solar in Cuyahoga County Common Pleas Court alleging deceptive and unconscionable sales tactics, false savings promises, and substandard installations, seeking an injunction and restitution (allegations; more than 100 complaints). Source

Dec 2020New Mexico Attorney GeneralSunrun

A 2018 New Mexico AG lawsuit against Vivint Solar alleging high-pressure door-to-door sales was resolved by a court-approved settlement requiring marketing changes, as reported by the Albuquerque Journal. Source

Mar 8, 2018New Mexico Attorney GeneralVivint Solar

Sued Vivint Solar, Inc., two affiliates, and four officers in the Second Judicial District Court (Bernalillo County) under the Unfair Practices Act, False Advertising Act, and Racketeering Act, alleging misleading savings claims, downplayed escalators, and title-clouding UCC filings affecting 3,566 consumers (allegations). The case was resolved in late 2020 by a court-approved settlement requiring marketing changes, as reported by the Albuquerque Journal. Source