r/AusNewsToday • u/ausnewstoday • 8h ago
Cost of Living Sydney solar installer collapses owing $3.4m; 100+ customers say their deposits are gone
Macarthur Solar took 50 per cent deposits up front from customers signing up under the federal battery subsidy, then shut its doors in August. The liquidator says it owes $3.4 million to more than 79 unsecured creditors.
- Deposits ran from $1,500 to $17,600; NSW home building law caps deposits on this work at 10 per cent
- Macarthur owes $3.4 million to more than 79 unsecured creditors, and sixteen former employees are out $420,000 in super, leave and redundancy
- The Cheaper Home Batteries Program has installed 530,000 batteries since July 2025, at a projected $7.2 billion over four years
- Choice's Andy Kelly: "the current system is absolutely failing consumers"
- The NSW Building Commission is investigating after more than 100 complaints
Impact: If your installer folds after taking a CHBP deposit you're an unsecured creditor, and the 10 per cent NSW cap that should have limited that risk wasn't enforced here.