Pink Energy (Power Home Solar) Went Bankrupt: What Customers Can Do Now

As of November 10, 2026. General information, not legal advice. SGI is not a law firm. Your loan agreement, the bankruptcy court's orders and your state's law control. Talk to a licensed attorney about your situation.

If you bought solar from Pink Energy (Power Home Solar, LLC), you may still be paying a loan on a system that never worked properly. Here's what the public record shows and the options that still exist.

The short answer

• Pink Energy is closed and in Chapter 7 liquidation. Power Home Solar, LLC d/b/a Pink Energy filed Chapter 7 on October 7, 2022 in the Western District of North Carolina, Case No. 22-50228 ^[1].
• Claims: "As of January 1, 2026, 6,191 claims had been filed." The trustee expects "no distribution on claims will be made until at least sometime in 2027 and possibly into 2028" ^[1].
• The trustee can't fix systems. The trustee says the estate "will be unable to complete or repair any customer's solar panel systems" ^[1].
• Your loan is separate from the bankruptcy. Pink Energy systems were financed by third-party lenders. In 2022, nine state AGs asked five of them to suspend payments for customers without working systems ^[2][3].
• Two other money routes exist:
• A Generac SnapRS class settlement, which got final approval October 22, 2026 ^[5].
• A proposed $575,000 class settlement with Pink Energy's former CEO, with a final hearing set for December 2, 2026 ^[7].

What happened to Pink Energy

• August 1, 2022: Pink Energy sues Generac. Power Home Solar sued Generac Power Systems, alleging defects in Generac's SnapRS rapid-shutdown devices ^[4].
• October 7, 2022: Chapter 7. The company "is now closed and is no longer operating." Attorney Jimmy Summerlin of Hickory, NC was appointed Chapter 7 trustee ^[1]. The bankruptcy stayed Pink Energy's lawsuit against Generac ^[4].
• Claims deadline: March 16, 2023. The proof-of-claim deadline of March 15, 2023 was extended to March 16 after a court e-filing malfunction. More than 6,100 claims had been filed by the deadline. Later claims are considered late-filed ^[1].
• 2024: new judge. The case was transferred on September 17, 2024 to Judge Paul M. Black of the Western District of Virginia, sitting by designation ^[1].
• 2026 status: most physical assets have been liquidated. The trustee is pursuing preference and other recoveries and expected to start reviewing claims in early 2026. He expects "a large number of claim objections" ^[1].

The trustee's office says it can't give legal advice or individual status updates beyond what's posted on its page: "THERE IS NO NEED TO CALL OR EMAIL THE TRUSTEE'S OFFICE" ^[1].

The Generac SnapRS issue

• What SnapRS is: a component in Generac PWRcell solar systems ^[5]. Generac has described its replacement as a "next-generation rapid shutdown device" ^[4].
• Pink Energy's claims: in its 2022 lawsuit, Pink Energy said Generac owed it $39 million for replacing SnapRS parts. Generac listed itself as a disputed creditor owed $17,706,908 and said Pink Energy didn't follow installation guidelines ^[4]. These are both sides' allegations.
• The class settlement (MDL No. 3078, E.D. Wis.): Generac agreed to a $15 million settlement of class claims that SnapRS 801 and 801A devices "can overheat, melt, or fail." Generac denies wrongdoing ^[5][6].
• Who's covered: U.S. owners or primary users of PWRcell systems purchased before January 9, 2026 ^[5].
• Status: the claims deadline was August 24, 2026. The court granted final approval on October 22, 2026. The administrator is still reviewing claims, and payment timing depends on the settlement process ^[5][6].
• Warranty changes: the settlement includes changes to Generac's 25-year limited warranty for PWRcell systems with SnapRS 801 or 801A components ^[6].

If you filed a Generac claim, watch generacsnapsettlement.com and respond to any requests by the deadline in the notice ^[5].

The lenders involved

On November 22, 2022, North Carolina AG Josh Stein and Kentucky AG Daniel Cameron led a coalition of nine attorneys general. The coalition asked five lenders to suspend loan payments and interest for Pink Energy customers without a working system ^[2][3]:

• Dividend Solar Finance (now part of Fifth Third Bank) ^[8]
• GoodLeap
• Cross River Bank
• Sunlight Financial
• Solar Mosaic

The coalition's letter says many consumers couldn't make a lump-sum payment their loan expected from a tax credit Pink Energy allegedly misrepresented, and so faced "substantially increasing" monthly payments ^[3]. The letter was a request, not an order ^[3].

Lender litigation since then: - Dividend / Fifth Third MDL (D. Minn., MDL No. 24-3128): created October 3, 2024 to consolidate cases about Dividend's solar sales and lending practices ^[9]. - Virginia AG v. Fifth Third: filed February 6, 2026, as successor to Dividend. Virginia alleges Dividend, "partnering with solar installation company, Power Home Solar, LLC," deceived over 500 Virginia consumers into more than $30 million in loans. It also alleges hidden loan fees of 15–16% ^[8]. These are allegations.

If your Pink Energy loan is now serviced by someone else, see our guides on Solar Servicing (formerly Mosaic) and GoodLeap loans.

AG actions in SGI's core states

• North Carolina: AG Stein said he was investigating Pink Energy and co-led the 2022 lender letter ^[2].
• Ohio: AG Dave Yost sued Power Home Solar d/b/a Pink Energy in Cuyahoga County Common Pleas Court on September 26, 2022 (CV 22 969176). The suit is under the Consumer Sales Practices Act and Home Solicitation Sales Act. It cites more than 100 complaints since January 2020 about aggressive sales, savings misrepresentations, warranty and installation issues ^[10][11].
• Michigan: AG Dana Nessel joined the coalition's lender letter. Her office said Pink Energy was being investigated by the same coalition ^[12].
• Kentucky: AG Daniel Cameron led the coalition. The letter is posted on the Kentucky AG's site ^[3].

More state detail: North Carolina, Ohio, Michigan and Kentucky.

Class action against Pink Energy's former owners and CEO

Hall et al. v. Trivest Partners L.P. et al. (E.D. Mich., No. 4:22-cv-12743) was filed November 13, 2022 under RICO and the Michigan Consumer Protection Act ^[7].

• The proposed settlement: on July 28, 2026, the court preliminarily approved a settlement with former CEO William Jayson Waller. It creates a $575,000 non-reversionary common fund, with any court-approved attorney fees paid from it ^[7].
• Who's in the class: "All persons in the United States who purchased a home solar system from Power Home Solar, LLC (including d/b/a Pink Energy) at any time since August 1, 2018" ^[7].
• Next step: the final fairness hearing is set for December 2, 2026. Class members have 60 days from notice to opt out ^[7].
• Administrator: Kroll Settlement Administration ^[7].

Your options

1. Check your bankruptcy claim. Claims filed after March 16, 2023 are late-filed ^[1]. Talk to a bankruptcy attorney about your claim's status and any objection.
2. Follow the two class settlements. Watch for Generac payment updates ^[5] and any Hall settlement notice ^[7].
3. Deal with the lender directly. Ask in writing for your payoff, payment history and any hardship options. If the system never worked, your loan may include the FTC Holder Rule notice, which can let you raise claims against the seller with the loan holder, up to amounts paid ^[13].
4. Get repairs elsewhere. The trustee won't repair systems ^[1]. For Generac equipment, check the warranty changes in the settlement ^[6].
5. Complain to your AG or the CFPB ^[14][15].
6. Selling the house? Get a payoff letter and make sure the lender's UCC filing is terminated. See Selling a house with a solar lien.

How Unstuck Solar can help

SGI can help review your contract and your options. Not a law firm. We'll tell you when you need one. Results vary.

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FAQ

Is Pink Energy still in business? No. The trustee says Pink Energy "is now closed and is no longer operating" ^[1].

Will I get money from the Pink Energy bankruptcy? The trustee can't predict whether or when, and expects no distribution until at least 2027, possibly 2028 ^[1].

How many claims were filed? 6,191 as of January 1, 2026 ^[1].

Do I still have to pay my Pink Energy solar loan? Your loan is with a lender, not Pink Energy. In 2022, nine AGs asked lenders to pause payments for customers without working systems, but that was a request ^[2][3]. Talk to an attorney before you stop paying.

Who financed Pink Energy systems? The AG coalition named Dividend Solar Finance, GoodLeap, Cross River Bank, Sunlight Financial and Solar Mosaic ^[2][3].

What's the Generac SnapRS settlement? A $15 million class settlement over SnapRS 801/801A devices in PWRcell systems. It got final approval October 22, 2026. The claims deadline was August 24, 2026 ^[5][6].

Is there a Pink Energy class action? Yes. Hall v. Trivest Partners has a preliminarily approved $575,000 settlement with former CEO Waller, with a final hearing December 2, 2026 ^[7].

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Not legal advice. SGI is not a law firm. Figures and statuses are as of November 10, 2026 and can change. Consult a licensed attorney about your situation.

Sources

1. Chapter 7 Trustee (Young Morphis Bach & Taylor), "In re Power HomeSolar, LLC d/b/a Pink Energy," W.D.N.C. Case No. 22-50228: https://www.hickorylaw.com/page/pinkenergy
2. North Carolina DOJ, "Attorney General Josh Stein Calls On Five Solar Lending Companies to Suspend Loan Payments and Interest for Pink Energy Customers" (Nov. 22, 2022): https://dojdelivers.ncdoj.gov/attorney-general-josh-stein-calls-on-five-solar-lending-companies-to-suspend-loan-payments-and-interest-for-pink-energy-customers/
3. Kentucky Attorney General, coalition letter to Pink Energy lending partners (Nov. 22, 2022): https://www.ag.ky.gov/Press%20Release%20Attachments/Attorney%20General%20Letter%20To%20Solar%20Lenders.pdf
4. BizTimes Milwaukee, "Pink Energy files for bankruptcy, pausing company's lawsuit against Generac": https://biztimes.com/pink-energy-files-for-bankruptcy-pausing-companys-lawsuit-against-generac/
5. Generac PWRcell Settlement website, MDL No. 3078 (E.D. Wis.): https://www.generacsnapsettlement.com/
6. ClassAction.org, "$15M Generac Settlement Ends MDL Over Allegedly Defective PWRcell SnapRS Components": https://www.classaction.org/news/15m-generac-settlement-ends-mdl-over-allegedly-defective-pwrcell-snaprs-components
7. Hall v. Trivest Partners, L.P., No. 4:22-cv-12743 (E.D. Mich.), Opinion and Order Granting Preliminary Approval (ECF No. 169, filed July 28, 2026): https://milawyersweekly.com/files/2026/08/02-110982.pdf
8. Commonwealth of Virginia v. Fifth Third Bank (successor to Dividend Solar Finance), Complaint, Case 0:26-cv-01146 (filed Feb. 6, 2026): https://www.oag.state.va.us/consumer-protection/files/Lawsuits/Com-v-Fifth-Third-Complaint.pdf
9. U.S. District Court, District of Minnesota, "Dividend Solar Finance, LLC, and Fifth Third Bank Sales and Lending Practices Litigation," MDL No. 24-3128: https://www.mnd.uscourts.gov/content/dividend-solar-finance-llc-and-fifth-third-bank-sales-and-lending-practices-litigation
10. Ohio Attorney General, State of Ohio ex rel. Yost v. Power Home Solar, LLC, CV 22 969176 (Cuyahoga C.P., filed Sept. 26, 2022): https://lawsuitsearch.ohioattorneygeneral.gov/Lawsuit/View/4400
11. WBTV, "Ohio Attorney General files lawsuit against Pink Energy/Power Home Solar" (Sept. 27, 2022): https://www.wbtv.com/2022/09/27/ohio-attorney-general-files-case-against-pink-energy-wants-company-reimburse-damaged-customers/
12. Michigan Attorney General, "AG Nessel Joins 8 Other States in Urging Five Solar Lending Companies to Suspend Loan Payments…" (Nov. 29, 2022): https://www.michigan.gov/ag/news/press-releases/2022/11/29/ag-nessel-joins-8-other-states-in-urging-five-solar-lending-companies-to-suspend-loan-payments
13. FTC Holder Rule, 16 C.F.R. § 433.2, Cornell LII: https://www.law.cornell.edu/cfr/text/16/433.2
14. USAGov, State consumer protection offices: https://www.usa.gov/state-consumer
15. CFPB, Submit a complaint: https://www.consumerfinance.gov/complaint/