What Solar Mosaic’s Bankruptcy Means for Homeowners

Hello, my name is Neal Prevost, and I’m the owner of the Prevost Law Firm. If you financed your solar panels through Solar Mosaic, you’ve likely heard about their recent bankruptcy and wondered how it affects your case and your timelines. We’ve been getting many questions from both current and future clients, so let me explain what this means for you.

Other Mosaic Articles We’ve Written:

• https://blog.prevostlawfirm.com/solar-mosaic-bankruptcy-updates/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-your-payments/
• https://blog.prevostlawfirm.com/mosaic-solar-energy-warning-signs/
• https://blog.prevostlawfirm.com/prevost-protecting-consumer-rights-mosaic/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-your-case/
• https://blog.prevostlawfirm.com/mosaic-pauses-solar-loan-operations/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-homeowners/

What Happens in a Bankruptcy

When a company files for bankruptcy, an automatic stay immediately goes into effect. This is a federal law that temporarily stops creditors and lawsuits against the company. In a Chapter 11 case, that stay remains in place until the court confirms a reorganization plan and the case moves forward.

But here’s the important part: we are not just waiting until the bankruptcy ends.

How We’re Protecting Consumers

We’ve hired one of the largest law firms in the world, Reed Smith, to represent the interests of our clients inside the bankruptcy itself. This is at our expense, not yours.

• We’ve already filed a motion that was granted by the court.
• 22 state attorneys general joined us, helping secure a provision in the bankruptcy order confirming that Mosaic cannot eliminate the Holder Rule.

The Holder Rule is crucial. It gives you the right to sue the lender (the holder of your loan) for the misconduct of the solar company that sold and installed your system. In other words, your rights as a consumer are still protected.

Filing Your Own Claim vs. Working With Us

Some homeowners ask whether they should file their own proof of claim in the bankruptcy. While you can do that, it’s an administrative step only. Filing a claim alone does not give you access to any settlement or plan negotiations we are working on.

Our approach is different:

• We are actively working to negotiate recovery within the bankruptcy plan itself, not just wait until the case is over.
• If we succeed, only our clients will be included in any negotiated settlement.
• There is no additional cost to be part of our group—we do not charge anything extra for the bankruptcy work.
  

Why This Matters

Reed Smith, working with our firm, is the only law firm representing individual consumers in this bankruptcy. This means we are uniquely positioned to fight for your rights and ensure you are not left behind in the process.

Final Thoughts

If you financed your solar panels through Mosaic, you are not without options. By joining with us, you gain the combined experience of our team and Reed Smith, and you’ll be included in any consumer settlement we’re able to secure during the bankruptcy.

We look forward to continuing to serve you and protect your interests through this process.