Enphase Energy Inc.
Enphase Energy Announces Tax Credit Transfer Agreement
Summary
On June 15, 2026, Enphase Energy, Inc. entered into a Tax Credit Transfer Agreement with a leading financial institution to sell up to $150,000,000 of advanced manufacturing production tax credits generated by the production of certain eligible components in the United States. The purchase price for these tax credits shall not exceed $139,500,000, payable in four installments during calendar years 2026 and 2027. The agreement includes customary covenants, indemnification, and termination provisions.
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About Enphase Energy Inc.
Enphase Energy Inc. is a prominent player in the global renewable energy sector, specializing in designing and manufacturing microinverter systems. These systems are integral to solar power installations, converting direct current (DC) electricity generated by solar panels into alternating current (AC) electricity for use in homes and businesses. Enphase Energy's microinverters are known for improving energy harvest, increasing reliability, and simplifying installation compared to traditional inverters, making them a popular choice for residential and commercial solar power systems. The company is also expanding its footprint in energy management technology by offering storage solutions and software that enable homeowners and businesses to monitor and optimize their energy consumption. This diversification enhances the overall efficiency and safety of solar energy systems. Enphase Energy plays a crucial role in supporting the transition towards clean energy by empowering users to adopt solar technology efficiently. As a leader in its field, the company impacts solar energy markets worldwide, fostering sustainability and innovation across the industry. Founded in 2006 and headquartered in Fremont, California, Enphase continues to push the envelope in renewable energy technology.
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