“The Trustee is mindful that there are many customers who have solar panels systems that are not installed, not working properly, or not working at all. The Trustee is also mindful of the financial consequences to each customer created by the Pink Energy bankruptcy,” according to a fact sheet from court-appointed attorney Jimmy Summerlin of North Carolina.
“In the current state of the bankruptcy proceedings, it is neither practical nor financially feasible for the Trustee or the bankruptcy estate to complete any installation or repair work.”
The 8-year-old company had offices in several Ohio cities and employed 2,100 people before closing.
Neither Pink Energy, nor its law firm, will respond to questions, according to an automated message at Grier Wright Martinez, the Charlotte, North Carolina law firm handling the company’s bankruptcy case filed on Oct. 7. The law firm also did not respond to an emailed request for comment.
The complaints and swirl of legal action around Pink Energy provide a cautionary tale for consumers looking to save money on energy and as residential solar energy system installations soar and the federal Inflation Reduction Act boosts to 30% a federal tax credit for those systems. That law, passed earlier this year as part of an effort to battle climate change, replaces a 26% credit set to decline and then expire in 2024.
“Pink Energy ripped off consumers and is hiding…
