Filings from the company, reportedly the second-largest residential solar installer in the U.S. in 2025, indicate it owes more than $500 million to its creditors compared to assets of between $100 million and $500 million.
A 2025 update from the Institute for Local Self-Reliance (ILSR) finds that small-scale solar installations accounted for 19% of the 36 GW of total solar capacity added to the national grid last year.
Installers are increasingly turning to third-party ownership models to bridge the gap left by expiring residential tax credits.
The industry installed 1.4 GW in 2025, a drop from 2024 levels as leading markets like New York and Maine slowed.
Hortman’s legacy shapes how Minnesota approaches energy policy and her impact extends nationwide as the program continues to be a model followed by other states.
The measures join similar laws in Utah, Maine, and Virginia as the movement to pass portable solar legislation continues across the United States.
The two will develop XFRA, a distributed network of compute nodes connected to homes with smart panels, batteries and optional solar generation, in partnership with Nvidia and homebuilders like PulteGroup,
The expansion will bring the company’s total domestic cell capacity to 5.5 GW, cementing its position as the largest merchant solar cell manufacturer in the United States.
The company, which offers solar subscriptions to homeowners on an initial 36-month agreement, seeks to retain those customers for the long-term by proving it can offer something better than the alternative.
The project spans 12 sites and is projected to deliver $48 million in cost savings over the next 20 years.
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