Enphase Energy Announces IQ Batteries Qualify for New York Battery Incentive Program

Core Insights - Enphase Energy, Inc. has announced that homeowners in New York's major investor-owned electric utility service territories can now enroll in the NYSERDA New York Battery Incentive Program when installing Enphase IQ Batteries, with potential upfront payments of up to $6,250 [1][2] Group 1: Incentive Program Details - Homeowners in specific utility service areas, including Central Hudson, ConEd, NYSEG, National Grid, Orange and Rockland, and Rochester G&E, are eligible for upfront incentives [2] - In the ConEd territory, homeowners can receive $250 per kWh, capped at $6,250 per site, while other territories offer $200 per kWh, capped at $5,000 per site [2] Group 2: Market Impact and Customer Benefits - The incentive program significantly lowers the upfront cost of energy storage, making it more accessible for homeowners seeking energy independence [3] - The combination of Enphase's reliable IQ Battery technology and NYSERDA's incentives is expected to enhance the value proposition for homeowners concerned about rising energy costs [3][4] Group 3: Company Background - Enphase Energy is a leading global energy technology company based in Fremont, CA, specializing in microinverter-based solar and battery systems [4] - The company has shipped approximately 81.5 million microinverters and deployed around 4.8 million Enphase-based systems across over 160 countries [4]