# What Sunnova’s Financial Troubles Mean for the Solar Industry
The solar industry has seen massive growth in recent years as homeowners and businesses look to cut energy costs and reduce their carbon footprint. But while demand for solar remains strong, some solar companies face financial struggles.
A recent example is Sunnova Energy, a major residential solar company, which has made headlines for financial instability. The company announced it is laying off nearly 300 employees—about 15% of its workforce. Rumors of bankruptcy loom as Sunnova navigates a staggering $8.5 billion in debt.
At the same time, news broke that Sunnova approved over $2 million in executive bonuses. This decision has added controversy, considering the company’s recent stock drop and statements that it lacks enough cash flow to meet obligations.
So, what does this mean for homeowners interested in solar? And how can you choose a reliable solar company for your home? Let’s break it down.
## Financial Stability Matters in Solar
Choosing a solar company isn’t just about price or equipment—it’s also about long-term reliability. When you install a **solar array for home**, you want to ensure the company will be around to service warranties and maintain your system if needed. Solar
Original Article: https://pv-magazine-usa.com/2025/03/14/amid-financial-turmoil-sunnova-awards-2-125-million-in-bonuses-to-top-executives/
