What SunPower's Bankruptcy Means for Your Solar System (and How to Protect Your Investment)

As of September 30, 2024, SunPower Corporation's bankruptcy proceedings have officially concluded, with the sale of key SunPower assets—including its Blue Raven Solar, New Homes, and Dealer businesses—successfully completed. Approved by the U.S. Bankruptcy Court on September 24, 2024, the sale transferred these assets to Complete Solar Holdings, Inc. for $45 million. The SunPower brand, along with approximately 1,000 employees, is now part of Complete Solar, which is temporarily operating under the SunPower name during this transition period.

Complete Solar’s CEO, T.J. Rodgers, remarked on the transition: “This is a pivotal moment in the history of SunPower... When the current challenges in the industry are resolved, the New SunPower will re-emerge as a lean and competitive American-owned company with a national footprint.” (Source: Complete Solar Press Release, Sept. 24, 2024.)

What This Means for SunPower Customers

If you're a SunPower customer, especially if your system was installed under a lease or power purchase agreement (PPA), you may be concerned about how this transition will affect your warranty or service. Fortunately, Maxeon, the company responsible for manufacturing SunPower’s high-efficiency panels, will continue to honor warranties for SunPower-branded panels post-bankruptcy. Maxeon has assured customers that their solar systems remain secure and operational, as the company has been independent since 2020.

For more information, read Maxeon’s official statement on their continued support for SunPower-branded panels [here].

Key Changes Following the SunPower Bankruptcy Transition

While the sale of SunPower’s assets to Complete Solar does not mean the end for SunPower-branded systems, it does mark significant changes in how the brand operates and the services available to customers. Here are the key things to keep in mind:

• Warranties for SunPower-branded panels remain valid, as Maxeon continues to support its product line.

• Solar leases and PPAs with SunPower may be transferred to a new provider. Be sure to check with your original installer or Complete Solar for updates on who will manage your agreement going forward.

What This Means for Sunpower Monitoring Software

Just because the solar panels themselves are warrantied, this does not mean that Sunpower’s remote monitoring software will stay up to date or receive the attention it requires by the new entity. Remote monitoring software and hardware are complex systems that require regular and ongoing support. There are already indications that getting updates or changes to the Sunpower monitoring software is becoming difficult, and that technical support is lacking. This is where the universal capabilities of the PowerFly monitoring system can be of significant value.

Protect Your Investment

Although the uncertainty surrounding SunPower’s bankruptcy might feel unsettling, it underscores the importance of securing your solar investment with monitoring solutions that offer long-term stability and flexibility.

With PowerFly, our advanced solar monitoring solution, you can take control of your system’s performance—no matter what happens with your original installer or provider.

Our solution integrates with 100% of inverter manufacturers and offers a unified dashboard, so you can easily monitor performance across different systems and vendors. Plus, with ANSI C12.20 certified metering, 4G cellular support, and reliable performance, PowerFly ensures that your solar system is well-supported for years to come—regardless of any company transitions.

Conclusion

While the bankruptcy and sale of SunPower’s assets marks a significant shift, it doesn’t have to disrupt the performance of your solar system. By staying proactive and upgrading your monitoring solution, you can continue to maximize the benefits of your solar investment. Whether you're exploring new monitoring options or enhancing your current system, we're here to ensure your solar setup stays optimized and efficient for the long haul.

Get in touch today: Discover how PowerFly’s advanced monitoring solutions can protect and elevate your solar system's performance.