NRG Fully Exits the Home Solar Installation Business

Feb 15, 2017 - Greentech Media
Mergers and Acquisitions

NRG Energy is shedding the remains of its residential solar installation business in an attempt to find a sustainable model in the tumultuous rooftop PV market.

According to sources, employees were informed today that the solar unit, called NRG Home Solar, will be downsized once more. In May of last year, the company laid off 500 employees, pulled out of three states, moved the residential solar business back under the retail arm, and began outsourcing financing and installations to th...