An effort to push the largest locally owned solar energy company into bankruptcy has ended with a settlement between the company and creditors who filed the action.

Court records show the creditors of Elemental Energy LLC now wish to dismiss what’s called an involuntary bankruptcy. Four creditors filed the case four months ago saying they were owed money by Elemental, which is the parent company of Kailua-based Sunetric.
The four included former employee Joshua Powell, Pang Communications, Allison-Ide Structural Engineers and PLS Builders. Terms of the settlement were not announced.