Freedom Forever files for Chapter 11 bankruptcy with $500 million debts

Facebook
Twitter
LinkedIn
Reddit
Email
The company was the second largest residential solar installer in 2025 according to Wood Mackenzie, with a 6.1% market share. Image: Freedom Forever.

US residential solar installer Freedom Forever has filed for Chapter 11 bankruptcy amid a broad set of litigation claims.

The company announced the bankruptcy earlier this week in the US bankruptcy court for the district of Delaware. According to the company’s filings, it had over US$500 million in debt and total assets between US$100 million and US$500 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

It owes over US$100 million to solar financing firm Mosaic Funding IX and further tens of millions of dollars to companies including major solar manufacturers JA Solar, Trina Solar, Jinko Solar and US manufacturer Silfab Solar.

The company was the second largest residential solar installer in 2025 according to Wood Mackenzie, with a 6.1% market share, second only to SunRun. Wood Mackenzie’s data did show a sharp decline in Freedom Forever’s market share for the final quarter of 2025, when it compressed to 3.9%.

The bankruptcy filing follows an announcement last week that the Texas attorney general, Ken Paxton, would investigate the company alongside other residential installers—including SunRun—for “fraudulent and deceptive” sales practices.

The news sparked mixed reactions from the solar industry. Many posting on LinkedIn expressed concern and sympathy for the company’s employees searching for work, while others condemned the executive culture and practices at the top of Freedom Forever.  

Times have been challenging for the broader US residential solar industry of late. A combination of federal and state policy changes and the high cost of borrowing has had a significant impact on the sector.

The current government has cut tax breaks for rooftop solar installations, which has driven more consumers towards third-party ownership (TPO) models offered by contractors like Freedom Forever. California, the leading state for distributed solar, has also changed its compensation scheme for excess power generation, which has lessened the incentive to install standalone residential solar.

A number of companies have filed for bankruptcy or become insolvent in recent years. Most notably, in 2024 SunPower filed for Chapter 11 bankruptcy, following in the footsteps of smaller players Titan Solar and Lumio. In June 2025, Sunnova and Mosaic also filed for bankruptcy.

2 February 2027
London, UK
Returning in 2027 for its 14th edition, Solar & Storage Finance Europe will bring together the brightest minds representing funds, banks, developers, utilities, government and industry across Europe and the UK on a programme that is solutions-focused from top to tail. The event is designed to enable leaders at the forefront of solar and storage investment and deployment in Europe to scale, learn and land themselves industry defining partnerships.

Read Next

Premium
October 14, 2026
Australia ranks second to the US for data centre investment, driving demand for solar power and battery storage.
October 14, 2026
The prices of European renewable energy power purchase agreements (PPAs) rose by 5.0% in September, according to figures from Pexapark.
October 14, 2026
Arevon Energy signed three 20-year Indexed REC contracts with Illinois utilities for its 200MWac/275MWdc Panther Energy solar project.
October 14, 2026
India’s solar generation rose 39% year-on-year to a record 705MU on 30 September, CREA’s latest snapshot reported.
October 13, 2026
Heliene has announced the sale of Section 45X PTCs, facilitated by U.S. Bank's community development and infrastructure finance subsidiary.
October 13, 2026
US renewables developer energyRe has secured US$815 million to finance five South Carolina solar projects totalling 360MW.

Upcoming Events

Solar Media Events, Upcoming Webinars
October 21, 2026
2pm AEDT
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK