Bankrupt: Titan Solar Power is Finished

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  • čas přidán 17. 06. 2024
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    In this video, Joe discusses the recent news of Titan Solar Power, the largest U.S. residential solar installation company, going out of business. Joe explains what led to the collapse and what this mean for existing customers and the solar industry as a whole.
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Komentáře • 187

  • @darthsirrius
    @darthsirrius Před 18 dny +12

    Holy cow, this is shocking. I had solar surge connect me with Titan to put in my 18 plus kilowatt system, I live where their headquarters is. For the largest one to go bankrupt is absolutely insane

    • @SolarSurge
      @SolarSurge  Před 18 dny +2

      Yes it's a real shame. I recommend SolarDetect for ongoing maintenance and support: www.solarinsure.com/solar-insure-monitoring-and-warranty-service

  • @peterponcedeleon3368
    @peterponcedeleon3368 Před 18 dny +45

    Titan went under because the people who operated in on Titan did not come from the electrical trade. They simply found a qualifier to hold the license. If you’re not born in the trade with a couple of decades of experience, you have zero idea on what it takes to manage land labor, and capital. do you have no idea what a craftsman is. You have no idea how working men think and operate. In addition to that, running a bona fide electrical companies extremely expensive and there are tremendous risks to take. Going forward it will be the small shops that reign. More big companies that install solar will be exiting as well. They’re overhead is just astronomical and they cannot compete with the small shops. The big companies will attempt to, however, which will only expedite their exit. If you’re looking for solar as a solution for your home or business, don’t speak to a sales person,speak to the contractor.

    • @TheFatman819
      @TheFatman819 Před 18 dny +3

      Everything he mentioned will effect all business, especially small companies. Because the company has to fund the entire project before getting paid with no interest on the money

    • @s.lionelmcauley4455
      @s.lionelmcauley4455 Před 18 dny +2

      @@TheFatman819 improve or eliminate the utility and permitting delays and installers will see a 2 day turnaround on their working capital.

    • @adrianfsalgado77
      @adrianfsalgado77 Před 17 dny +2

      You hit the nail right on the head.

    • @TheFatman819
      @TheFatman819 Před 16 dny

      @@s.lionelmcauley4455 I don't believe in that metering I have chickens does That mean I can take the eggs to the local grocery store and make them buy them from me? So why should I electric company be forced to buy electricity from a consumer.

  • @melissasmith5829
    @melissasmith5829 Před 2 dny

    Titan Solar Power installed panels on my new build in late 2021. They admitted to breaking roofing tiles and came back to replace them. The home inspection revealed caulking on tiles via drone images. It took six months of back and forth communications to get that resolved. Now this bankruptcy has happened!
    Solar Edge Monitoring sent an email today notifying me about the bankruptcy, and offering warranty registration since they are the company monitoring the panels since the beginning.
    I certainly didn't see this coming.

  • @mikeschneider3648
    @mikeschneider3648 Před 2 hodinami

    Well, found out about this today. 67 Panel SolarEdge system installed by Titan in 2019. System is currently operating well and Titan is no longer. Now I'm getting more involved on the monitoring of the system and looking for another maintenance/installer for the system as I do plan to get batteries soon.

  • @pascualy
    @pascualy Před 17 dny +9

    Titan was not the largest installer of residenital solar ever. Sunrun is the largest installer by a mile.The list from Solar Power Magazine that you cite, is not a researched or vetted list, it's just a list of companies that submit their information to the magazine. They will publish almost anything that is submitted to them.

  • @kilozap
    @kilozap Před 3 dny

    I am one of those folks that you sold us 2 Franklin batteries and installation by Titan Solar

  • @charlesgeorge2197
    @charlesgeorge2197 Před dnem

    I had Titan solar install my system in Feb 2023 I got PTO, now Titan done flew the couple with my warranty and I am sure I am S O L!

  • @Flipflopeventplanning
    @Flipflopeventplanning Před 11 dny +1

    Their customer service and install team was HORRIBLE! I’m in AZ and had them install through Sunrun! I had over 30 holes in my roof. I thank God that there was a report just after install in 2016 showing all of the damage. Nobody from Titan followed up. And I didn’t even know about it until I had a major roof leak 2 years ago. Holes, black mold, roof exposed etc. Thank Hod for that report, Sunrun took care of replacing my roof. Now I am dealing with my system not working since beginning of May, an inverter issue that needs to be replaced! I’m still waiting for Sunrun to come out on July 1st! Just a horrible experience!

  • @MyBravoc
    @MyBravoc Před 10 dny +1

    My last contact with Titan Solar was in August of 2023. My solar system has not been up to par as to what the salesperson had sold us on, my average power bill is anywhere from $100 and up and I still pay to the loan company $200 a month. I was having Titan solar investigate this and they never got back to me. I feel I have been mislead and now I don't have any support for my solar system. Not sure if anything can be done but it's worth a shot. Thank you.

    • @CodeNameZulu
      @CodeNameZulu Před 4 dny

      I hear that I have the same problem and now I don't know what to do.

  • @zr2ee1
    @zr2ee1 Před 6 dny

    The solar company that installed the panels on my first house went bankrupt, never even knew until i tried to look them up one day as they never reached out. thankfully i didn't have to replace my roof before i sold

  • @danielking2944
    @danielking2944 Před 18 dny +5

    I saw this coming for a while. There were too many hands in the glove as the Thunderbirds song said. And too many fingers on the trigger.
    I never wanted grid tie because it would not make sense in the long term. I have “ free at night “ plan in Texas now but don’t expect it to be available long term. As grid scale batteries are installed along with the massive solar farms,there will be ,not just peaker plants, baseload plants that become obsolete. These plants have to run close to capacity and can’t ramp up and down rapidly so they need dump loads at night.
    The best strategy is as Joe mentioned toward the last . A DIY ,paid for with cash ,self-consumption,small system that can be scaled up as you have more to invest. Another advantage of this is its portability if you decide to move to another house.

  • @13dma1rz
    @13dma1rz Před 17 dny +2

    Titan completed my system just before the end of '23. Not happy to have an orphaned system but at least they went under after the project was completed.

  • @ChaoticJinxie
    @ChaoticJinxie Před 8 dny

    I bought my house in Dec '21 with the solar panels already installed. Yesterday, I discovered they haven't been producing any power since April 19th and my bill has skyrocketed. Today, I found out Titan Solar Power did the installation AND they've closed their doors. I have no idea who to contact now.

  • @Eulices916
    @Eulices916 Před 17 dny +5

    Unless you’re not in the Solar industry you’ll know Sunnova is to blame for changing the payment schedule and their DHB charges. That’s what killing contractors out here. You need to have deep pockets to stay in business to wait for that money that will eventually get paid out.

  • @EverardoGaxiola
    @EverardoGaxiola Před 8 dny

    To assist my sales they wanted a minimum of 20 sales per month, it took them more than a year to do an installation in Alamosa Colorado leaving me with 35 sales without installing,
    And by the time I found another company, the clients were already frustrated looking for other solutions, it was difficult for me to get them to accept the proposal of another company.

  • @Bowhunters6go8xz6x
    @Bowhunters6go8xz6x Před 17 dny +2

    I've noticed that most of the solar installing companies here in the central US in my area are diversified, they do several things like roofing, siding, and solar so that they always have work to do in order to keep the company running and their employees are busy and paid. Just not enough Solar jobs alone to keep a business running.

  • @aizadoll9375
    @aizadoll9375 Před 13 dny +1

    I’m in Houston TX. I’ve got 70% solar on my home from Titan. So now that they are out of business, where is my warranty???? How do I service my system if something goes wrong??

  • @nickmeadors9734
    @nickmeadors9734 Před 9 dny

    Titan Solar was HORRIBLE!! I live in Houston and purchased my system from them 2 months after purchasing my house. My system was installed and did not work for the first year. I had to pay a monthly solar payment and an electric bill even though system did not work. Finally they only came out to fix it once I reported them to BBB and the attorney general. I was promised a system that would cover my monthly kWh usage and was told I would not have an electric bill over $20-$50 a month if that. But now with system working it still does not produce like I was told and I pay $460 a month payment towards the solar and still pay $200 electric bill on top of that and I only use 2000-2700 kWh a month in the summer.

  • @tomdangelo3162
    @tomdangelo3162 Před 18 dny +1

    I've been waiting since December to hear back from Joe about our conversation and his proposal

  • @Al-bd8hm
    @Al-bd8hm Před 17 dny

    Where is the link for diy materials?
    Thanks.

  • @cruizgonzalez5004
    @cruizgonzalez5004 Před 17 dny

    I also had Titan Solar and have had problems with the system. They allowed the local power company to dictate on how and when they want the solar to run. And that how my battery back went bad.

  • @Motagee651
    @Motagee651 Před 16 dny +1

    My system was installed by Sunrun in California. I've had no problems. What piss me off is how the government let the power companies change the net metering. You had to hurry up and get the system installed are you wouldnt get the 1 to 1 nem rate. I remember hearing about people who system was installed early getting grandfathered in and all that, but didn't really understand it all.

  • @JBoy340a
    @JBoy340a Před 18 dny +6

    Many solar installers are going bankrupt. The NEM3 metering may be an issue, but in general a lot of these solar companies are not well run. This is not a new problem. As an example, I cite Petersen-Dean, previously one of the largest installers. They went bankrupt in 2019/2020 before NEM3 existed so that was not the issue. And in bankruptcy P-D stranded hundreds of customers, installers, and anyone in their sales channels.
    We have Tesla solar, which we love and has largely eliminated our annual electric bill. But we are concerned about their long-term commitment given their financial situation.

    • @s.lionelmcauley4455
      @s.lionelmcauley4455 Před 18 dny

      The market will evolve over time. The solar installer cowboy is fading into history. TSLA contracts out all the work these days.

    • @SolarSurge
      @SolarSurge  Před 18 dny +1

      I agree most of these companies do not have good management

    • @paultaylor333
      @paultaylor333 Před 17 dny

      Good luck getting Tesla to service anything. Bottom-feeders

  • @jgordoncolorado
    @jgordoncolorado Před 16 dny

    Worked with Solar Surge for design and contracting with Titan. Install (i.e. their non-Titan subcontractor) in 2022 in the Denver metro area. Have LG panels, IQ7+microinverters, IQ gateway. Has worked well but will I now be out the ongoing cost of using somebody like Solar Insure to maintain system.

  • @victortapia-montano8114

    Wow! I just found out today while trying to call them to come check on my system after MonaLee left it offline trying to install a second Tesla Powerwall 2. Titan Solar had horrible customer service, horrible project management, and almost had to take them to court here in Phoenix back in 2022. I knew they were going to go out of business with the terrible customer service. MonaLee will follow Titan soon. They are as terrible as Titan Solar was.

  • @ChrisJackson-kf7oj
    @ChrisJackson-kf7oj Před 10 dny

    Told I would have to upgrade my breaker box. I was ok with extra cost. Then told upgrade not necessary. Every time my front a/c unit comes on breaker trips. My local a/c service provider found wire no completley connected. Could have burnt house down. Worked for awhile but now trips everytime comes on.

  • @biancahutchinson8462
    @biancahutchinson8462 Před 9 dny

    Is Solsr insurer available in Nevada? Please let me know

  • @josebennyy
    @josebennyy Před 11 dny

    My question is, what can I do if the solar panels were installed but they didn't pass the inspection. I have the system installed but can't even use it. I received the notice that my payment starts this month, but I can't even use the system. Any suggestions on what I should do?

  • @solargod3671
    @solargod3671 Před 18 dny +8

    People use Enphase instead of SolarEdge all I can say. It will save you thousands from service calls.

    • @d.pollard5962
      @d.pollard5962 Před 18 dny +1

      Why? Please explain

    • @Eulices916
      @Eulices916 Před 17 dny

      Replacing those inverters keep me busy and paid. 😊

    • @kevinkennedy243
      @kevinkennedy243 Před 17 dny

      I will never use Emphase. I have almost 1000 installs all with Solaredge.

    • @d.pollard5962
      @d.pollard5962 Před 17 dny

      @@kevinkennedy243 ordering my panels and racking, 15.2 kw system, lower desert California heat so which inverter should I buy? I was thinking sol ark or 18kpv, 3 strings, 6000 watts each.

    • @kevinkennedy243
      @kevinkennedy243 Před 17 dny

      @@d.pollard5962 I personally would do 2 Solaredge 7.6 inverters. But Sol Ark is a good option. Emphase just loses it’s efficiency in high heat as will everything else solar included. With optimization you start at 99 plus % then you can keep it out of the heat. Cooler anything works better, no matter what it is. Micros in the hottest part, the roof is dumb. Plus you lose 6-9% of the power in high heat conditions with mirco inverters.

  • @joemartino6976
    @joemartino6976 Před 18 dny

    Joe...I purchased a Q-Cell system through you/installed by Titan Solar here in Virginia Beach back in April 2022. Very happy with the system...no problems. Some questions. Dominion is my utility provider. If they change their net metering arrangement, am I grandfathered in on the one to one trade relationship? Another question is service. I realize my Titan Solar guarantees are now gone, however, does that apply even to the Q-Cell solar panel itself? In other words, Titan may not be around to do the repair, but is the manufacturer still on the hook for the guarantee? Last question, any suggestions on who I would use to service the system here in Va Beach, should it be necessary? Thanks Joe.

    • @SolarSurge
      @SolarSurge  Před 18 dny +1

      Hi Joe. Your net-metering agreement should be good for the full 20-year term. My recommendation is to sign up for Solar Detect for ongoing system monitoring and maintenance. www.solarinsure.com/solar-insure-monitoring-and-warranty-service

  • @m.e.345
    @m.e.345 Před 18 dny +10

    Widespread installation of solar panels is good for the country and good for the planet.. but it requires the cooperation of power companies, for whom it is in their best interest to stop it.

    • @alexhid1
      @alexhid1 Před 18 dny +3

      1000%

    • @richardweyland116
      @richardweyland116 Před 16 dny

      Yeah, good for the planet. Tell that to the people who live next to a solar farm that: destroyed farmland and was destroyed by hail and released all kinds of toxic crap in to the ground water. It takes the cooperation of STUPID people.

  • @triforcelink
    @triforcelink Před 17 dny +14

    Good time to be a DIYer, panels and batteries are cheap as ever!

    • @gabrielr1988
      @gabrielr1988 Před 16 dny

      Unfortunately I’ve seen lots of DYI people with beautiful systems that were never turned on. Looks great just seating on the roof, but def no benefit

    • @Terrathrax
      @Terrathrax Před 16 dny

      @@gabrielr1988
      Yea, I find that hard to believe. That's exactly what one of the solar company salesman told me.

    • @AlessandroZane
      @AlessandroZane Před 15 dny

      Actually the OPPOSITE! Much more expensive to do it “yourself”.
      But hey if you are an electrician and have money then go ahead and do it

    • @richardreese5377
      @richardreese5377 Před 15 dny

      DIY hybrid with batteries .
      Not forth selling back. .and they also dictate how many panels you can have .
      Yeah big no thank you on that

    • @triforcelink
      @triforcelink Před 15 dny

      @@gabrielr1988 I'm currently doing research for what I need to set up to do net metering. It's pretty involved, I'll be honest. But I'm not discouraged, the savings are huge. My power company even has a $6k rebate hooking up a 9Kw system or larger.

  • @marilynmeyer1919
    @marilynmeyer1919 Před 17 dny

    I have had my solar panels for 2 years now through Titan out of Arizona. I am in Colorado. They were good to me. We have a monitor. When theres a problem, someone from Denver comes and fixes it. In May they came because high winds blew a corner piece off. Last week on the 12th my invertor closed down at noon. My financing through Good Leap. Now need to find someone who can fix my invertor. If I am paying every month, I need it fixed and I need some answers.

    • @4Whopper
      @4Whopper Před 17 dny

      Your lender is not responsible.

  • @asherbaumeister6904
    @asherbaumeister6904 Před 14 dny +1

    I’m a homeowner who already paid Titan a $2,000 down payment and then $22,000 that was due when permits were received. Install was supposed to be next week. What happens now?

    • @SamRomain
      @SamRomain Před 14 dny +1

      Get in the lawsuit line up and be blessed if you get pennies on the dollar.

  • @emarticor
    @emarticor Před 17 dny

    Sorry to seek possible alternatives aside from the video sponsor, but just want to do my due diligence - any other options you'd recommend to look into in addition to SolarInsure/SolarDetect?

  • @Homerun_Vince
    @Homerun_Vince Před 17 dny

    How is it selling solar in Nevada vs California???

  • @johnmeehan2066
    @johnmeehan2066 Před 17 dny

    You originally connected me with Nationwide Solar of Vancouver, WA, in June 2021. What is Nationwide's status regarding warranty, specifically in the "remote" area of Bend, Oregon? The system has operated satisfactorily after a rocky two-year installation period. I have had no warranty issues since. The silence is deafening?? Does Solar Insure appear to be available in my "remote" area?

    • @SolarSurge
      @SolarSurge  Před 16 dny

      I believe they do. I recommend reaching out to them directly to see if you can obtain the warranty.

  • @FashionDollsPodcast
    @FashionDollsPodcast Před 4 dny

    Titan installed my solar.

  • @lilrararesales270
    @lilrararesales270 Před 13 dny

    Imagine Titan is now Solar Insure 😮

  • @simon359
    @simon359 Před 17 dny

    Just another reason I DIY my own system!

  • @kgamaseg
    @kgamaseg Před 18 dny +1

    Awe, man!!! Titan did my original solar panel installation! They did a great job. Well, there goes the warranty. 🤦‍♂

    • @SolarSurge
      @SolarSurge  Před 18 dny +1

      Check out SolarDetect for ongoing protection: www.solarinsure.com/solar-insure-monitoring-and-warranty-service

  • @gojeffgordon24
    @gojeffgordon24 Před 18 dny +1

    What is your company doing then? I know when I got my system TSP was the hub of the agreement if you will. A different company did the actual install and they are still in business thankfully. So far I haven't needed to do a service call.

    • @SolarSurge
      @SolarSurge  Před 18 dny

      I recommend SolarDetect for ongoing maintenance and support: www.solarinsure.com/solar-insure-monitoring-and-warranty-service

  • @johnwenzel2003
    @johnwenzel2003 Před 18 dny +1

    There is a legislation/regulatory vacume where solar is concerned.

  • @glennfelty
    @glennfelty Před 17 dny +1

    Predicting this for almost a year. The dealer/subcontractor model is broken. The only way to succeed long-term is to be vertically integrated and also to maintain margins.

    • @SolarSurge
      @SolarSurge  Před 17 dny

      I agree. I think the solar business model will look very different on the other side of this meltdown. I expect other large installers with business models similar to Titan will fail in the near future.

  • @BrianRobbins
    @BrianRobbins Před 17 dny

    I have an unfinished job for bird netting around my panels I already paid Titan for. I now don't want to pay another company to finish the job.... This is unfortunate.

  • @LannyVilensky
    @LannyVilensky Před 14 dny

    How would this affect a Lease / PPA

    • @SamRomain
      @SamRomain Před 14 dny

      You now own your system 😂

  • @Electronzap
    @Electronzap Před 18 dny +6

    Government encouraged everyone to get as much solar as quickly as possible, with no plan for making sure that people didn't get ripped off, and that companies were sustainable.

  • @lasvegasentertainment680
    @lasvegasentertainment680 Před 17 dny +1

    We bought through Titan in April of 2023. The system is still not operational and our payments through goodleap start in September. How in the world is it legal to pay on a system that never got activated? I’m so done with solar all together! Does anyone know if we are obligated to pay for a system that isn’t up and running?

    • @SolarSurge
      @SolarSurge  Před 17 dny

      I recommend reach out to GoodLeap and see if they will send another contractor to finish the job.

  • @ErickMartinez-uh9wi
    @ErickMartinez-uh9wi Před 17 dny

    Hi solar Surge, personally I've don't have solar but I work for a solar company which we provide the service of helping over customers which their original installation company went out of business. During this week we have received multiple calls from customers talking about Titan solar. I had no idea that Titan solar was the biggest solar company in US. Makes me think about if my job is at risk with all of these solar companies going bankrupt.

    • @kyleherron4783
      @kyleherron4783 Před 17 dny +1

      I honestly wouldn't be that worried if I were you. I worked for titan and can tell you that our biggest problem was our reputation. We were big, but our customers hated us. We used 3rd party sales groups instead of selling directly, so we had limited control of what these sales people did and said. It was not uncommon for the homeowners to get told they would be getting a system far more capable than what they actually got. Then because the top leadership of titan was so poor, we wouldn't correct these issues nearly well or quickly enough.
      I would say definitely take a look into the company you work for and evaluate what's going on there, but don't be afraid for your job simply because of Titan's shortcomings. It was a very poorly run company right from the top.

  • @Pinpon-ni8vc
    @Pinpon-ni8vc Před 12 dny

    If you are buying solar now days you’re screwed with this price hikes and malpractice from most of the big solar companies

  • @solargod3671
    @solargod3671 Před 18 dny +1

    Titan Solar changed the industry for every solar company across the country. Titan operated in more states than any utility company and solar company in the US. Titan also operated differently than your traditional business that i won’t say on here for their privacy. Just know Titan wasn’t publicly traded also each warehouse is not the same for a reason.

  • @davidstewart1153
    @davidstewart1153 Před 18 dny

    My solar company called me up a couple of weeks ago and told me they want to swap out some underperforming modules for new better ones. Like the video says, it's better to think of it as a long term relationship. But as a consumer, I have no idea how you know a company will be around even 10 years from now.

    • @SolarSurge
      @SolarSurge  Před 18 dny +1

      It's so hard to tell. Titan was in business for over 30 years and they still failed. This is going to be like 2008 housing crisis in my opinion. Lot's of business failures yet to come. I suspect the next batch will be the solar finance companies.

    • @lifemobile33
      @lifemobile33 Před 17 dny +1

      It is really about how the system was installed. Lots of local installers in every state will help fix and maintain at a fraction of the cost.

  • @StarbaseTx
    @StarbaseTx Před 16 dny +1

    This industry is such a hot mess! I still find it amazing in 2024 that every house south of the Mason-Dixon line isn't covered with solar panels with battery storage. The fact that the industry can't make this cost effective with an ROI of less than 3 years, it's simply ridiculous. Greed, it's always greed!

  • @kevinkennedy243
    @kevinkennedy243 Před 17 dny +1

    Titan is not the largest installer in the US.

  • @mfgxl
    @mfgxl Před 17 dny

    I feel sorry for people that got sold a bill of goods, and now have to pay for an extended warranty also. Ripped off twice. So sad.

  • @williamv680
    @williamv680 Před 17 dny +3

    More DIY is needed. Just hire an electrician to connect to grid.

    • @TheObserver567
      @TheObserver567 Před 16 dny

      Agreed

    • @robert2024-r1l
      @robert2024-r1l Před 10 dny

      Unfortunately I think your insurance company would drop you if they found out you DIY. Very high potential for roof leaks and damage.

    • @williamv680
      @williamv680 Před 10 dny

      @@robert2024-r1l They are already dropping people even with "professionals" doing the work.

    • @FashionDollsPodcast
      @FashionDollsPodcast Před 4 dny

      My grid power provider won't allow it.

  • @stardust-rv7mr
    @stardust-rv7mr Před 17 dny +2

    How about 6 to 1, they pay me 1.7 cents a kwh, and when i have to buy it from them they charge me 11.4 cents a kwh.

    • @isserdigan2835
      @isserdigan2835 Před 17 dny

      Hmm what program is this. In MA its 1:1 credit

  • @williamv680
    @williamv680 Před 17 dny +1

    Solar resellers remind of the MLM'ers that skip out on the product until it goes belly up or they screw over too many pyramid members. Seems like the solar resellers are on the same page. "This new company is much better"

  • @s.lionelmcauley4455
    @s.lionelmcauley4455 Před 18 dny +1

    Thank you for the post mortem. The law has to change so there is zero delay from the local utility to switch on and access the local grid services The Australian experience is worth drilling down on, Joe.
    Installers should live within organic growth principles and avoid paying fees to source work.
    Cash is king, are there discounts available for cash business?

    • @SolarSurge
      @SolarSurge  Před 18 dny +2

      Yes, there should be significant cash discounts available now. I would estimate 20-35% lower price.

    • @lifemobile33
      @lifemobile33 Před 17 dny

      ACDCev has cash discounts on their DIY kits. Battery storage is almost half the cost of Bluetti and ECO. You need direct relations all the way back to China for ultimate battery warranty. 100% of battery energy storage systems are made in China. ACDCev has had those relations with China factories since 2009

  • @biancahutchinson8462
    @biancahutchinson8462 Před 9 dny

    😢what I need to know is how to get in touch with Solar Edge who is the manufacturer of the panels wich weresold to me and installed by Titan , I have not been able to do so with the computer . Can anybody help me getting in touch with Solar Edge

  • @terrellstewart4071
    @terrellstewart4071 Před 16 dny

    Its just crazy I say go cheap, get solar panels without financing and install a battery do not go through your electric company get an electrician and have an outlet placed in various areas or just run the fridge and minor services. If need be use the solar contractor to size the system needed to run your home.

  • @1voluntaryist
    @1voluntaryist Před 15 dny

    I couldn't understand why a power provider would support competition. Every solar install is a nail in their coffin. Inefficiency, incompetent management is no threat when you have a monopoly, e.g., govt. could tax 100% and still need to borrow. Is there a tariff on solar panels? Govt. has made it illegal to capture rain, grow food. Why do we allow it to exist.

  • @solargod3671
    @solargod3671 Před 18 dny +1

    All comes down to manufacture #1 and #2 get 2-3 solar companies contacts period .

    • @SolarSurge
      @SolarSurge  Před 18 dny +1

      Choosing the right manufacturer is important but I would say hiring the right contractor is even more important in this environment.

    • @paultaylor333
      @paultaylor333 Před 17 dny

      How old is the equipment you’ve had issues with?

  • @markstipulkoski1389
    @markstipulkoski1389 Před 17 dny +1

    I'm sure like most big companies, the executives did everything they could to keep the company afloat like cutting back on their salaries and compensation. I'm sure they were solar enthusiasts who saw the company as more than just a vehicle to become rich. I'm sure they were heartbroken thinking about all the customers they were forced to abandon. Oh well, I feel sorry for them but I'm sure they'l figure out another scheme to help customers. Maybe they can form another company to take over the warranties for a small monthly fee. I'm sure they will manage that cash flow well so that when equipment starts failing down the road, they will be able keep their promise and not just declare bankruptcy again. As you can tell, I have faith that executives are good people who put their customers and employees first.

    • @SolarSurge
      @SolarSurge  Před 17 dny

      You know the shakeup here started almost 2 years ago. The old CEO left the company and a new leadership team took over. Looks like they were not able to execute their plan after all.

    • @markstipulkoski1389
      @markstipulkoski1389 Před 17 dny

      @@SolarSurge Yes, but did they have golden parachutes? I am an electrical engineer who expects to retire by the end of next year and build an energy efficient, solar ready home in western NC. I would be capable of doing most or all of the installation and maintenance myself and probably be able to specify a reasonably good system also. But I do value expertise in the field. In a recent one of your videos, you seemed to be talking to people like me, competent DIY'rs. What services would you offer to someone like me? Would it be a modest fee and your company would receive commissions from the equipment suppliers? Regardless, I will likely contact you when I get to that point as I have great respect for you guys.✌️

    • @kyleherron4783
      @kyleherron4783 Před 17 dny +1

      Unfortunately the biggest issue we had that led to this was the executives themselves. I can't speak for all branches, but I know mine was operating about as well as it possibly could have given our limitations from high up.

  • @LilyMunguiaNationalTransportSe

    I’m a vendor who Titan Solar owes nearly 40k. Do you know who I can contact about my outstanding invoices?
    Do you know who is in charge of liquidating Titan’s assets?
    What court/judge is handling the bankruptcy?
    Your help is greatly appreciated.

    • @SolarSurge
      @SolarSurge  Před 15 dny

      Titan was headquartered in Mesa, AZ so I would start looking at courts there. However, I don't expect there will be anything left to pay vendors after the secured creditors have their run at the company.

  • @jensschnebele6206
    @jensschnebele6206 Před 17 dny

    At 03:25 mention of a quadruple payback time is NOT true. That would ignore the face of daytime self consumption.
    Yes a bit longer if not 1:1, but not that bad.

  • @Terrathrax
    @Terrathrax Před 16 dny

    WTF?! What if you were leasing from Titan? Does that homeowner now take possession of the panels/batteries/inverters for free? Or did Titan only sell and install the systems?

    • @SolarSurge
      @SolarSurge  Před 15 dny +1

      Titan only sold/installed the system. The leasing company technically still owns the system and they will be responsible for maintenance.

  • @atomicdmt8763
    @atomicdmt8763 Před 17 dny +2

    SunPower let go 1000 people a few months ago...............derp!

  • @jackehli621
    @jackehli621 Před 14 dny

    DIY with used panels is the only way to go. Payback in no time. I blast my AC on full all day long!

  • @luckymanindeed
    @luckymanindeed Před 17 dny

    Solar was an outstanding option. Economical and environmentally friendly. But we of course now, as always in the US have this multi-headed hydra of middlemen, all taking a cut but for no discernible value to the actual customer. The other problem is Americans need to return to the idea of paying for goods and services in full at the time of receipt. That would cut out the biggest siphon of money; the banks.
    I do like your channel though as your explanations are concise and informative.

  • @blu6031
    @blu6031 Před 17 dny +2

    They did us dirty , laid us off on payday too

    • @kyleherron4783
      @kyleherron4783 Před 17 dny

      No PTO is getting paid out either. I had 80 hours saved up! 😭

    • @zfucka
      @zfucka Před 15 dny

      That's terrible... Do you plan to stay in the solar industry?

    • @kyleherron4783
      @kyleherron4783 Před 12 dny

      @@zfucka to be honest, not sure. I do love solar, but this is the second solar company that has screwed me over. Might be time for some change.

  • @PerryKetter
    @PerryKetter Před 17 dny +1

    Sigora Solar installed my system 2 years ago and I had a great experience with them. Unfortunately, last year they folded due to bad management.

    • @SolarSurge
      @SolarSurge  Před 17 dny +2

      Yeah that was another company that tried to grow too large, too fast and they didn't have good control of their finances.

  • @kdlange6052
    @kdlange6052 Před 18 dny +2

    Dam! I wanted a Titan SUV

  • @ai4px
    @ai4px Před 18 dny

    What a shame... they sold systems that they should not have and ripped off thousands of customers.

  • @4Whopper
    @4Whopper Před 18 dny +4

    Botched installs. Took money and ran.

  • @qbntraveler8553
    @qbntraveler8553 Před 16 dny

    So I literally just had Titan install last week…😳😳 Now what?

    • @SolarSurge
      @SolarSurge  Před 16 dny

      We recommend signing up for a SolarDetect warranty.

    • @LannyVilensky
      @LannyVilensky Před 14 dny

      So say I am on a lease and the company that installed my system goes bankrupt as well as the Finance company in this case EnFin. Do I stop my payments and the system is abandon and will not work anymore

  • @brucey5585
    @brucey5585 Před 16 dny

    Good. Maybe now i can get solar panels for cheaper.

  • @foxtrot35
    @foxtrot35 Před 17 dny

    Think government direct involvement is a disincentive. If solar so great, it should be market driven. Mfg makes is desirable for consumption. Like any other product, if the price is good and consumer sees value, then it will flourish. As much as solar has advanced, it just isn't competitive to be value for homeowner.

  • @redloh8845
    @redloh8845 Před 16 dny +1

    I'm a contractor. Let me save you the suspense. You get what you pay for.

    • @SolarSurge
      @SolarSurge  Před 16 dny

      Exactly. Solar is no different than any other construction or contracting. You get what you pay for. You wouldn’t hire the cheapest guy in town to build you a house would you?

  • @AtTheBarn
    @AtTheBarn Před 18 dny +1

    Typical solar scam. Financing and high interest to increase the profit of the dealers NOT value to the consumer!!! NEVER use financed deals for Solar or wind as you will ALWEAYS come out loosing while the dealer makes a huge profit at your expense.

  • @lauraecheverria2220
    @lauraecheverria2220 Před 17 dny

    Very dissatisfied with Titan..
    What is going to happened with our solars that needs to be repair??

    • @SolarSurge
      @SolarSurge  Před 17 dny

      I recommend signing up for a SolarDetect warranty. www.solarinsure.com/solar-insure-monitoring-and-warranty-service

  • @TheObserver567
    @TheObserver567 Před 16 dny

    They need to stop robbing customers and make installs that use battery systems. And only use grid power as needed.

  • @felipelanderos7986
    @felipelanderos7986 Před 16 dny

    I'm a home owner, and yes I got solar from titan, all bad, send me some info, so please, all bad,

  • @Mr_Nobody_CA
    @Mr_Nobody_CA Před 18 dny +1

    It is not 4 to 1, more like 6 to 1 to 8 to 1

  • @solargod3671
    @solargod3671 Před 18 dny

    SolarEdge making solar companies having problems all I can say.

  • @freshundies
    @freshundies Před 17 dny

    swell is not swell.

  • @richardweyland116
    @richardweyland116 Před 16 dny

    Why do they need investors? Can't this sh*t support itself?

    • @SolarSurge
      @SolarSurge  Před 16 dny

      It’s because the company wasn’t actually profitable. They were able to paper over the problem while sales were growing, but once the slowdown hit, it became evident the company was on shaky financial ground.

  • @aerojet393
    @aerojet393 Před 3 dny

    Sorry buddy, and you think that theses companies will still going to be in business after paying them all those years,, they’ll be gone too .

  • @twosawyers
    @twosawyers Před 17 dny

    Pretty much a long explanation for greed. Greed! It’s just that sample. The power companies tell us the grid is suffering and whenever you try to offset it, they don’t want you to because they want to use that excuse for raising rates and use political figures to lie to public about clean energies. There is absolutely zero reason a person shouldn’t get paid the same amount of credits that you pay for from an electric company. You’re lessening the resources they need and the infrastructure to have that power put back on the grid from solar is already there and paid for from the monthly service that you have to pay regardless of the amount of credits you were given.

  • @jasonbroom7147
    @jasonbroom7147 Před 18 dny +12

    Net metering was always a horrible idea. When you really understand how it works, all net metering programs hurt the utility companies AND hurt any customers who didn't have the means to install solar. It was like the Robin Hood effect, but in reverse, stealing from the poor and giving to the rich. Financing a solar installation is a HORRIBLE idea. If you can't pay for it, with cash, you're killing the ROI and should save up until you can avoid borrowing. However, neither of those are the biggest reason for the slowdown in solar installation, and neither of the "dealer" options you mention are to blame, either. The simple fact of the matter is, just like with EV's, there was a potential total market of buyers, which has been largely satisfied. Those who really wanted solar now have it, with relatively few potential customers still out there with the means and motivation to adopt solar. The first wave is over and there's no sign when the next one is coming.

    • @crossroads427
      @crossroads427 Před 18 dny +1

      Well damn- so eloquently stated💯

    • @Reelworthy
      @Reelworthy Před 15 dny

      Spoken like a true engineer. You have no understanding of cash flow

    • @jasonbroom7147
      @jasonbroom7147 Před 15 dny +1

      @@Reelworthy - If you only knew. ;)

    • @Reelworthy
      @Reelworthy Před 15 dny

      @@jasonbroom7147 teach me

  • @Suburp212
    @Suburp212 Před 17 dny

    Good riddance. The solar industry does not need MBA led companies.

  • @OscarGonzalez-ct6no
    @OscarGonzalez-ct6no Před 18 dny +2

    it was not the largest lmao

    • @solargod3671
      @solargod3671 Před 18 dny

      Call SolarWorld and say what you said. Also tell me a company that’s doing 300+ installs a week .

  • @Chodite
    @Chodite Před 16 dny

    After 1.5 years of employment with Venture Solar as a Sales Representative, I was suddenly let go in May 2024 with no warning. I was let go the day before two of my installations were to be completed. The company owes me about $2000 in commission, but apparently I’m not entitled to them because I am no longer employed by the company. Very ticked off at such shady business practices. I was relying on that money.

  • @terryballard2350
    @terryballard2350 Před 18 dny

    Glad Curtis got his money back!😊 USAA get your shit together and protect our military family!

  • @abbii1661
    @abbii1661 Před 17 dny

    commercial