The parent company of Williston's SunCommon, the largest solar company in Vermont, has declared bankruptcy.
iSun declared bankruptcy in federal court last week, citing declining revenue. It's asking a judge to oversee a sale to preserve some of its operations.
iSun says it lost money in 2022 and 2023 and is currently losing a quarter million dollars a week. The company says rising interest rates have depressed residential solar sales.
iSun purchased SunCommon, a residential solar installer, in 2021.
The company has 196 employees. Its stock was delisted in May.
Its largest creditor is Green Mountain Electric Supply in Colchester, which claims it's owed $1.8 million. iSun says it disputes that amount.
Seven Days first reported the news.
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