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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 new safe harbor agreement with a leading solar and battery financing company that offers third-party ownership (TPO) agreements to homeowners, including leases and power purchase agreements (PPAs). This is the third safe harbor agreement for Enphase since the new U.S. federal budget bill was signed into law in July 2025.
This new safe harbor agreement is the first of multiple expected with this leading TPO provider. It is projected to generate nearly $68 million in revenue over the course of approximately 12-24 months beginning in 2026, with additional revenue expected from other system components based on customer needs. It underscores Enphase's strong participation in the TPO segment, a critical growth channel for U.S. residential solar and batteries. Enphase collaborated with the customer on a customized IQ9™ Microinverter designed to meet the federal "physical work test," support incentive qualification, and align with evolving U.S. sourcing requirements, with units ready for use as early as the first quarter of 2026.
Posted In: ENPH
