Purelight Power has confirmed in a letter to Oregon officers that it’s shuttering its operations nationwide.
The residential photo voltaic set up enterprise operated in 9 states: Idaho, Iowa, Kentucky, Minnesota, Montana, Ohio, Oregon, Utah and Washington. CEO JD Beck mentioned that the corporate’s closure is as a result of passage of the One Large Stunning Invoice Act (OBBBA) and its elimination of tax credit for owners putting in photo voltaic.
“This legislation compelled Purelight Energy to make fast adjustments to the construction of its enterprise. The corporate lowered its working prices, tried to measurement its enterprise appropriately to the brand new gross sales quantity, and shifted to promoting through a third-party possession mannequin. Sadly, as incentives for photo voltaic power vanished and investments dried up, the corporate confronted lowered income and problem in financing tasks. Along with these points, the corporate had already been dealing with challenges regarding a previous merger, a dramatic rise in rates of interest, and a rise in promoting prices,” Beck mentioned in a letter.
Purelight Energy was based in 2017 in Oregon. In early 2025, it merged with Washington-based Solgen Energy. The corporate intends to file for Chapter 7 chapter within the subsequent month.
The corporate closure impacts roughly 109 staff in Oregon and 71 in Washington.
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