SunPower Bankruptcy 2024: What Customers Need to Know
SunPower Corporation, one of the oldest names in residential solar, filed for Chapter 11 bankruptcy in August 2024 and shut down its residential division — leaving hundreds of thousands of customers in limbo.
What Happened to SunPower?
Founded in 1985, SunPower was once considered the gold standard of residential solar. But years of financial losses, rising competition, and a brutal interest rate environment pushed the company into bankruptcy in August 2024.
SunPower sold its residential lease and PPA portfolio to Complete Solar. Its commercial division was sold separately. The company's manufacturing arm (Maxeon Solar) had already been spun off years earlier.
For customers, this means your original SunPower contract is now held by a different company — one you never chose or vetted.
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