FREMONT, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced a newly expanded safe harbor agreement with a leading solar financing company that offers third-party ownership (TPO) agreements to homeowners, including leases and power purchase agreements (PPAs). The newly expanded safe harbor agreement builds on a prior transaction with this leading TP ...

Core Insights - Enphase Energy has announced a new safe harbor agreement with a leading solar and battery financing company, marking its third such agreement since the U.S. federal budget bill was signed in July 2025 [1][2] Group 1: Safe Harbor Agreement - The new safe harbor agreement is expected to generate nearly $68 million in revenue over approximately 12-24 months starting in 2026, with additional revenue anticipated from other system components based on customer needs [2] - This agreement allows solar companies to preserve eligibility for the base investment tax credit (ITC) and the domestic content bonus credit, helping to mitigate risks from future policy changes [3] - Enphase's IQ9 Microinverters, produced in U.S. manufacturing facilities, are set to begin shipping in the first quarter of 2026 [3] Group 2: Market Position and Strategy - Enphase is actively participating in the third-party ownership (TPO) segment, which is a critical growth channel for U.S. residential solar and batteries [2] - The company has shipped approximately 84.8 million microinverters and deployed over 5.0 million Enphase-based systems in more than 160 countries [5] - Enphase expects additional financing providers to enter into similar safe harbor agreements in the coming months, potentially expanding the pipeline of TPO agreements under the new rules [4]

Core Insights - Enphase Energy, Inc. has announced a new safe harbor agreement with a leading solar and battery financing company, enhancing its position in the third-party ownership (TPO) segment, which is crucial for growth in U.S. residential solar and battery markets [1][2]. Group 1: Financial Impact - The agreement is projected to generate approximately $50 million in revenue for Enphase, highlighting the financial benefits of its participation in the TPO segment [2]. Group 2: Safe Harbor Agreement Details - The safe harbor agreement pertains to Enphase's U.S.-manufactured IQ8HC™ Microinverters, ensuring that future projects maintain eligibility for both the base investment tax credit (ITC) and the domestic content bonus credit [3]. - By establishing safe harbor agreements now, solar companies can secure current tax credit qualifications and mitigate risks associated with future policy changes [3]. Group 3: Industry Perspective - Ken Fong, senior vice president and general manager of the Americas and APAC at Enphase, emphasized that safe harbor agreements are essential for maintaining project momentum amid evolving policy landscapes, allowing developers and financiers to proceed with confidence [4]. - Enphase anticipates that more financing providers will adopt similar agreements in the coming months, which will further enhance the pipeline of TPO safe harbor agreements under the new regulations [4]. Group 4: Company Overview - Enphase Energy is recognized as the world's leading supplier of microinverter-based solar and battery systems, with approximately 83.1 million microinverters shipped and over 4.9 million Enphase-based systems deployed across more than 160 countries [5].