Homeowners who signed long-term lease agreements with solar panel installer PosiGen are searching for answers after the Louisiana-based company laid off hundreds of workers and ceased most of its operations.
PosiGen, which has offices in seven states and is Louisiana’s largest solar company, notified state and local officials on Monday that it was laying off 166 employees at its facilities in Jefferson and St. Charles parishes, saying it defaulted on a credit line and couldn’t raise the long-term capital it needed amid rollbacks in federal renewable energy tax credits.
The news came as a shock to Iwona Leonard, who recently signed a 20-year lease agreement with PosiGen and had solar panels installed on the roof of her double in the Lower Garden District just last week…