North Carolina State University is working to terminate a sponsorship contract with solar panel installer Pink Energy, a spokesperson told 5 On Your Side.
North Carolina State University is working to terminate a sponsorship contract with solar panel installer Pink Energy, a spokesperson told 5 On Your Side. The company abruptly went out of business two weeks ago after a 5 On Your Side report about customers upset with Pink Energy because their home solar panels weren’t working. That followed hundreds of layoffs earlier in the year. The company filed for Chapter 7 bankruptcy in North Carolina on October 7, 2022. Pink Energy (formerly Powerhome Solar) has been a sponsor of NC State Athletics via their sponsorship agreement with Wolfpack Sports Properties since 2019. Jayson Waller, CEO and co-founder of Pink Energy, formally known as PowerHome Solar, told WRAL News that complaints about malfunctioning solar panels could be blamed on a faulty component made by a third-party. Pink Energy filed a federal lawsuit against the supplier, the publicly-traded company Generac, which produces a part known as SnapRS. A spokesman for Generac pointed the finger back at Pink Energy installers.