PosiGen

PosiGen

Solar-panel leasing with maintenance

Overview

PosiGen provides solar power to homeowners through a lease model that eliminates large upfront costs by including maintenance and insurance in monthly payments. Solar panels are installed for the customer, and a zero-cost home energy audit helps identify efficiency improvements to lower consumption. The company handles paperwork, permits, and project documentation, making the process simple and accessible. Its goal is to help a broad range of homeowners reduce energy costs and environmental impact by expanding access to solar energy, especially for those with limited credit or savings.

Significant Headcount Growth

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

Energy

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$725M

Headquarters

St. Rose, Louisiana

Founded

2011

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Simplify's Take

What believers are saying

  • Brookfield invested $600 million since 2023 to fuel expansion.
  • Renewbrook acquired portfolio post-bankruptcy, ensuring customer servicing.
  • VFW center solar install boosts community resilience in 2025.

What critics are saying

  • Tax credit rollbacks killed leasing model, causing 2025 mass layoffs.
  • Missed August 2025 interest payment triggered November bankruptcy.
  • Sunrun undercuts with scale, capturing low-income market share.

What makes PosiGen unique

  • PosiGen targets low-to-moderate-income homeowners with no-credit-check solar leasing.
  • Offers zero-cost home energy audits and 20-year maintenance guarantees.
  • Certified B Corporation serving 25,000 customers across 15 states.

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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

Headcount

6 month growth

4%

1 year growth

8%

2 year growth

9%
NOLA.com
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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