PetersenDean, a California-based regional roofing, solar and battery company with operations in six states has filed for debt relief under chapter 11 of the United States bankruptcy code, according to the website of corporate restructuring/chapter 11 agent, Epiq Guidance.
On June 11, 2020, Red Rose, Inc. d/b/a Petersen-Dean and fifteen of its affiliates (collectively, the “Debtors”) each filed a petition in the U.S Bankruptcy Court for the District of Nevada seeking relief under chapter 11 of the U.S Bankruptcy Code. The debtor’s counsel is Fox Rothschild.
The related debtors include Beachhead Roofing & Supply, California Equipment Leasing Association, Fences4America, Roofs 4 America, Solar 4 America, Tri Valley Supply and TD Venture Fund.
The company announced on its website, “We are temporarily not offering quotes for Solar, Energy Storage, Fencing and HVAC at this time. Please check back in the near future as our state begins to re-open businesses to the public. We look forward to fulfilling your Solar, Energy Storage, Fencing and HVAC needs in the future. WE ARE STILL OPEN FOR YOUR ROOFING NEEDS.”
Although this move is surely virus-related, PetersenDean has seen its share of recent business challenges, according to people familiar with the firm.
PetersenDean came to solar from the roofing world and has long been a lower top-ten U.S. solar installer with a multi-state regional practice. The company was the eighth-largest U.S. residential installer in 2017 and acquired Hawaii’s Haleakala Solar in 2018.
We’ve asked PetersenDean executives for comment and will update the article when the company responds.
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I’m sorry to hear the company is having difficulties. We had a great experience with them in 2015 when they installed a solar system for us. Sadly, we recommended the company to our daughter and now she’s being hounded by one of their subcontractors for money she already paid to PD. Threats of liens and lack of communication from PD are making matters worse. What happens to all the warranties, etc. for existing customers of PD? Our panels have a 25 year warranty, including labor.
So the same thing is happening to us now. We paid Haleakala solar in full months before PD filed Chapter 11 and a supplier is threatening us with a lien if we don’t pay again. What is your daughter doing regarding the subcontractor?
Petersen dean Employees in Sacramento not getting paid there checks well over due they walk off incomplete jobs
Petersen Dean took a $1000 deposit from me in March and didn’t do any work. Am I going to be able to get my money back?
Make sure you take the Federal ITC to at least recoup ~30% (Form 5695). I have some branch circuits with Renesola panels; I’ve had to replace one panel out of pocket with a different model and higher wattage. That’s why Enphase microinverter systems rule — I can no longer replace like for like panels with Renesola history in the US, but with micros, I can mix and match, so I replaced a 260-Watt Renesola with a 305-Watt SolarWorld.
Good. They are a terrible company. My system has been down after only 2 months of use. I can’t seem to have them come out.
I though we were getting solar paid 13,344.30 and one more payment to go and no solar . took out the permit last December , then called corporate on the 15 of dec and asked where s our solar? Got it’s raining so much Sun in February was record heat still no solar. Husband told them it’s been since July 2019.if you don’t have it up by March send our money back,13344.00 dollars .called them by then would call us back. Got they were moving raining can’t get good help. They lied to us all the time. We put on visa hoping to be save Guess what they can’t or won’t credit money back to our account.
I signed a contract in October 2019 with a promise to have the job complete in March 2020. I have not heard from anybody. I have gone through every avenue. I filed my taxes based on the project being done and the signed contract (As told I can do by my PetersenDean rep). Don’t know what to do know. I need to have my breakers updated before I can do any other updates, and no one will return my calls or emails. I have even when to the top and reached out to George Milionis the Company lawyer.
Just got a notice in Solar Builder Magazine that the Fresno facility is being sold at Bankruptcy auction. Sounds like a Chapter 7 Dissolution to me.