Enphase Energy Announces Residential and Commercial Products to Help Qualify for Domestic Content Bonus Tax Credit
11 Luglio 2024 - 2:00PM
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 residential and
commercial products that can help solar projects qualify for the
“Domestic Content Bonus Credit.” Projects using specific Enphase
microinverters supplied from manufacturing partners in the United
States and specific U.S.-made solar racking equipment could
qualify. The Domestic Content Bonus Credit is a tax credit that
aims to encourage manufacturing and clean energy deployments in the
United States as part of the Inflation Reduction Act (IRA).
“We have a product solution available today that puts the
domestic content bonus tax credit within reach and can help
increase access to solar energy across the United States,” said Ken
Fong, vice president and general manager of the Americas at Enphase
Energy. “Thanks to the IRA, we have additional opportunities to
reach more people with clean energy, advance our domestic clean
energy goals, and create high-quality American jobs. We are helping
to make a meaningful impact on the future of energy in
America.”
Enphase is currently shipping IQ8™ Microinverters for
residential (IQ8HC-72-M-US) and commercial (IQ8P-3P-72-M-US)
applications from manufacturing partners in the United States. When
paired with U.S.-made solar racking rails and fasteners, solar
projects can qualify for the domestic content bonus tax credit for
projects that begin in 2024. The domestic bonus tax credit is only
available to commercial asset owners, which includes commercial
businesses adding solar and PPA/lease providers who own residential
solar projects. Enphase encourages those interested in the domestic
content bonus credit to consult their own legal and tax
professionals.
For more information about Enphase residential and commercial
products, please visit our website. To learn more about how Enphase
products can help with qualification for the domestic content bonus
tax credit, please reach out to your Enphase sales
representative.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in
Fremont, CA, is the world's leading supplier of microinverter-based
solar and battery systems that enable people to harness the sun to
make, use, save, and sell their own power—and control it all with a
smart mobile app. The company revolutionized the solar industry
with its microinverter-based technology and builds all-in-one
solar, battery, and software solutions. Enphase has shipped
approximately 75 million microinverters, and over
4.1 million Enphase-based systems have been deployed in
more than 150 countries. For more information, visit
https://enphase.com/.
©2024 Enphase Energy, Inc. All rights reserved. Enphase Energy,
Enphase, the “e” logo, IQ, IQ8, Solargraf, and certain other marks
listed at https://enphase.com/trademark-usage-guidelines are
trademarks or service marks of Enphase Energy, Inc. Other names are
for informational purposes and may be trademarks of their
respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to the expected capabilities and
performance of Enphase Energy’s technology and products, including
safety, quality and reliability; and certain statements regarding
the domestic content bonus credit. These forward-looking statements
are based on Enphase Energy’s current expectations and inherently
involve significant risks and uncertainties. Actual results and the
timing of events could differ materially from those contemplated by
these forward-looking statements as a result of such risks and
uncertainties including those risks described in more detail in
Enphase Energy’s most recently filed Quarterly Report on Form 10-Q,
Annual Report on Form 10-K, and other documents filed by Enphase
Energy from time to time with the SEC. Enphase Energy undertakes no
duty or obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or changes in its expectations, except as required by
law.
Contact:
Enphase Energy press@enphaseenergy.com
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