Solar Company Spread Across 9 States Shuts Down Shop, Blames Trump's OBBBA - CleanTechnica

Purelight Power, a solar installation company operating across nine U.S. states, announced its closure and impending Chapter 7 bankruptcy, citing the negative impact of the One Big Beautiful Bill Act (OBBBA) signed by former President Donald Trump. The company attributed its financial struggles primarily to the elimination of consumer tax credits for rooftop solar installations, which had been initially supported by the Inflation Reduction Act of 2022 but lasted less than three years. This abrupt policy change led to a significant drop in business, reduced revenue, and difficulties in financing projects, compounded by other challenges such as a prior merger, rising interest rates, and increased advertising costs. Despite efforts to restructure, reduce costs, and seek refinancing or a buyer, Purelight Power was unable to secure acceptable offers, resulting in the loss of 109 jobs, including 84 in Oregon. The shutdown reflects broader consequences of the Trump administration's rollback of clean energy incentives, which critics argue favors fossil fuel interests at the expense of renewable energy growth,