This is a common question, as solar is a growing industry with many new players entering the market. Pivot Energy has been in business since 2009 and operates in several states. We are stakeholders in industry niches and provide additional product offerings to our customers. This diversification allows us to be insulated from abrupt market changes compared to other solar companies.
The solar system we develop is a highly valuable revenue-producing asset. In the event of a bankruptcy, or if we simply wanted to sell the project to a different owner, then a new long-term owner would take control of the asset. Once the system is built, it quietly produces energy (revenue) that a new operator will control. Keeping the lease active or out of default is key to the success of the project. It is always in the solar owner’s interest to keep the landowner happy!