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PosiGen

Solar-panel leasing with maintenance

Overview

PosiGen provides solar power to homeowners through a lease model, removing upfront costs. It installs solar panels and includes maintenance and insurance within the monthly lease payments. It also offers a zero-cost home energy audit to identify efficiency improvements. Its goal is to lower homeowners’ energy costs and environmental impact by expanding access to solar energy.

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About PosiGen

Simplify's Rating
Why PosiGen is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

EnergyConsumer SoftwareEnterprise SoftwareFintech

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$725M

Headquarters

Kenner, LA

Founded

2011

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Simplify's take

What believers are saying

  • PosiGen's portfolio transferred to Renewbrook and SunStrong, preserving customer servicing for some systems.
  • Brookfield's February 2026 credit-bid sale validated demand for its stranded residential assets.
  • Its LMI-focused solar model still matches state housing and resilience programs, despite the collapse.

What critics are saying

  • PosiGen filed Chapter 11 on November 24, 2025, wiping out equity.
  • The company ceased most operations in August 2025 and laid off hundreds.
  • Renewbrook and SunStrong absorbed the portfolio in February 2026, ending PosiGen as a going concern.

What makes PosiGen unique

  • PosiGen targeted low- and moderate-income homeowners with no-upfront-cost solar leases.
  • It bundled energy-efficiency retrofits, maintenance, and insurance into one residential offer.
  • Brookfield backed PosiGen with about $600 million in debt financing since 2023.

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Funding

Total Funding

$725M

Above

Industry Average

Funded Over

13 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

3%
The Times-Picayune
Aug 27th, 2025
Louisiana-based solar company PosiGen lays off hundreds, shutters most operations. Here's why.

PosiGen said an additional 92 employees in Louisiana could be laid off in the next two weeks if it can't find additional funding or a way to sell what remains of its business.

Hartford Courant
Aug 27th, 2025
Solar company cuts dozens of CT jobs. The clean energy company isn't alone and critics blame Trump.

Solar installer PosiGen began laying off 78 employees Sunday at three locations in Connecticut - Wethersfield, Danbury and Shelton - as the Louisiana-based company m..

WHYY
Aug 26th, 2025
A major solar installer in Philly is ceasing most operations amid federal tax credit rollbacks

PosiGen, a solar installer focused on making solar accessible to homeowners of all income levels through a no-up-front-cost leasing model, laid off 49 employees in its Montgomery County office Sunday, according to a notice filed with the state, as well as 78 employees in Connecticut.

PR Newswire
Jun 3rd, 2025
Posigen Leaders Urge Lawmakers To Protect Energy Tax Credits That Reduce Energy Costs, Support Nearly 300,000 Jobs, And Have Led To An American Manufacturing Boom

NEW ORLEANS, June 3, 2025 /PRNewswire/ -- As Congress considers changes to the federal energy tax credits as part of the budget reconciliation process, leadership at PosiGen is calling on Senators to modify the House bill that would have devastating consequences on domestic energy production and energy costs. Specifically, PosiGen urges the Senate to provide a reasonable pathway that does not undermine business investment and threatens nearly 300,000 jobs, and also preserves the ability for working class households to access the tax credits to save on their utility bills through solar leasing

PR Newswire
Mar 6th, 2025
New Orleans' Vfw Center Receives Resilient Solar Power Thanks To Gulf Coast Energy Firms Posigen And Solar Alternatives And Nonprofit Empowered By Light

NEW ORLEANS, March 5, 2025 /PRNewswire/ -- Regional energy firms PosiGen, PBC, and Solar Alternatives joined forces with the renewable energy-focused nonprofit, Empowered by Light, to install solar and energy storage at New Orleans' only Veterans of Foreign Wars (VFW) facility at 531 Lyons Street. This initiative ensures the VFW center can continue operating during grid outages and provide critical services to veterans and community members during natural disasters and emergencies

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