Solar companies That Have gone into liquidation
Is your investment secure?
Beware of a common practice in the solar industry is called “Phoenix-ing”.
A “solar cowboy” company will ride into the market, sell a lot of incredibly cheap systems (often under $3,000 for 6kW) with products that are not designed or engineered to do the job long term. In most cases, you’re better off keeping the money in your back pocket. These products are often installed at high volume and by untrained workers – creating the perfect recipe for failure. The companies make almost no money on these sales and eventually end up with tax debts, supplier debts, unpaid wages and super – so they simply close the doors.
Worst of all, the people operating these companies will open a new trading entity the next day doing exactly the same thing. Rinse and repeat.
Simply put, they make their money then leave customers high and dry.
Then come back and do it all over again.
When this happens, all of their customers are left stranded. They have no company to service their system, provide support, check performance and assist with warranty claims. And because the installation is rushed and done by untrained workers, the breakdown of their system is only a matter of time.
This is an extremely unethical practice, and one that has caused much pain for much of the Australian solar market. When choosing a company, among other things, check that:
- They are an CEC Approved Retailer
- They have been operating for many years
- And that they have even more years of work in the pipeline.
For a shocking look at the amount of companies that have done this, look below.