PosiGen, a Louisiana-based residential solar provider, has filed for bankruptcy in Texas following reduced federal solar tax credits and a downturn in market conditions. According to PosiGen, the cuts had reduced available capital and created lender disputes that intensified over the summer as cash shortages worsened. The company said it had relied on selling tax credits and lease revenues to investors, but lender withdrawals were triggered after operational issues were discovered. PosiGen admitted that it had double-pledged assets and had commingled revenue streams, which violated debt agreements and escalated tensions with Brookfield Asset Management. The company stated that a court-supervised process was necessary to stabilize operations and complete pending residential projects across multiple states.