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]