Solar Mosaic, a company that helps people get loans for home solar panels, is about to go bankrupt. This is bad news for anyone thinking about going solar.
Why Is This Happening?
The company stopped giving out loans because they couldn’t get more money. The problem? President Trump wants to cut tax breaks for solar panels. When the government stops helping people buy solar, fewer people want them.
The Solar Industry Is Struggling
Solar Mosaic isn’t alone. Many solar companies are having money problems:
- Home solar sales dropped 31% last year
- SunPower, a big solar company, already went bankrupt
- Another company called Sunnova might go broke too
What Does This Mean for You?
If you want solar panels for your home, it might get harder and more expensive. Without government help, solar loans and discounts could disappear.
The solar industry grew fast when the government offered good deals. Now that those deals might end, many companies can’t survive. This shows how much clean energy depends on government support.
For homeowners, this means act fast if you want solar – the good deals might not last much longer.
This blog post is for information and educational purpose only. It should not be considered personalized investment advice.