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Benzinga
Benzinga
Business
Akanksha Bakshi

Enphase Energy Secures $50 Million In New Revenue From Solar Financing Partnership

ENPH Enphase Nasdaq United States
Konskie,,Poland,-,January,21,,2024:,Enphase,Energy,Company,Logo

Enphase Energy Inc. (NASDAQ:ENPH) signed a new safe harbor agreement with a solar and battery financing company in early August, expected to bring in about $50 million in revenue. The deal strengthens Enphase's role in the third-party ownership (TPO) segment, which includes leases and power purchase agreements for homeowners.

The agreement covers U.S.-made IQ8HC microinverters and ensures eligibility for investment tax credits and domestic content bonuses under current rules. By locking in these incentives now, developers can safeguard projects from possible policy shifts.

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