Energy Transition Absurdities

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Energy Transition Absurdities
Energy Transition Absurdities
Another Gut Punch Hits the Home Solar Business

Another Gut Punch Hits the Home Solar Business

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David Blackmon
Jun 09, 2025
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Energy Transition Absurdities
Energy Transition Absurdities
Another Gut Punch Hits the Home Solar Business
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Home solar marketing giant Sunnova Energy International Inc. filed for Chapter 11 bankruptcy on June 9 in a Texas court. It’s a big mess that says a lot about the shaky ground the residential solar industry’s standing on, a warning sign for an overhyped sector based largely on unsustainable business models dependent on seeking government rents.

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Here are the details, as reported by Reuters and other media platforms:

• Big Debt, Bigger Problems: Sunnova’s filing reports a big $10.67 billion debt load, with assets and liabilities both pegged between $10 billion and $50 billion. That’s less a balance sheet than it is a cry for help. Back in March, the company warned investors that it had “substantial doubt” about staying afloat. Turns out they weren’t blowing smoke.

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