National residential solar installation company PosiGen laid off nearly all of its employees yesterday. PosiGen CEO Peter Shaper sent a memo addressed to all employees attributing the layoffs to lack of funding from the One Big Beautiful Bill Act (HR1). The exact number of jobs terminated is not yet confirmed.
“Hundreds of employees, including myself, were laid off with little warning,” said a former PosiGen employee who spoke on condition of anonymity. “Contractors and partners were left unpaid. Families who trusted our mission of ‘Solar for All’ were left in limbo.”
According to an employee termination notice acquired by Solar Power World, PosiGen plans to stay open in its current state. However, if it cannot acquire additional funding, “it intends to shut down all operations.”
PosiGen missed an interest payment on its credit facility in August, according to the document. The notice states that the company had recently experienced rapid growth and “certain external opportunities” that exacerbated operations. Lacking funding, PosiGen had to spend internal capital on contracted solar projects, according to the document.
“For weeks afterward, employees were told to keep reassuring partners that payments were coming, even as the company knew the money was gone,” the former employee said. “That decision didn’t just endanger relationships — it destroyed trust and credibility that had taken years to build.”
PosiGen specialized in bringing solar projects to underserved communities and low-to-middle income customers.
In 2023, international investment firm Brookfield Asset Management invested $250 million into PosiGen, followed by two additional rounds of financing, bringing its total investment in the company to $600 million in 2025. Brookfield Renewable Partners, which is majority owned by Brookfield Asset Management, acquired national residential installer Standard Solar and utility-scale developer Scout Clean Energy in 2022. TerraForm Power, a Brookfield Asset Management affiliate, acquired Sun Tribe Solar, a utility-scale solar developer in 2025. Brookfield has also invested in REC Solar.
“This collapse is a lesson for the entire solar industry,” the former PosiGen employee said. “Yes, PosiGen’s leadership failed in transparency and accountability. But it is also true that federal policies are squeezing renewable energy companies to the breaking point. Mission-driven organizations like PosiGen can’t survive on slogans alone when political headwinds and financing realities are ignored.”
SPW has contacted PosiGen Solar and is awaiting comment.
An internal memo addressed to PosiGen employees acquired by Solar Power World.
