Enphase Energy Begins Shipments for IQ Battery 5Ps Produced in the United States
Enphase Energy has announced the initial shipments of IQ Battery 5Ps manufactured in the United States, eligible for the Domestic Content Bonus Credit under the Inflation Reduction Act (IRA). This tax credit is available to commercial asset owners and PPA/lease providers who own residential solar and battery projects. The company has also begun shipping IQ8HC Microinverters from U.S. facilities with higher domestic content, marked with a 'DOM' suffix. Projects using these U.S.-made Enphase products, along with some additional U.S.-made solar racking equipment, could qualify for the tax credits.
Enphase Energy ha annunciato le prime spedizioni delle IQ Battery 5Ps prodotte negli Stati Uniti, idonee per il Credito d'Imposta per Contenuto Nazionale ai sensi dell'Inflation Reduction Act (IRA). Questo credito d'imposta è disponibile per i proprietari di asset commerciali e per i fornitori di PPA/affitto che possiedono progetti residenziali di energia solare e batterie. L'azienda ha anche iniziato a spedire gli IQ8HC Microinverters dalle strutture statunitensi con un contenuto nazionale più elevato, contrassegnati con un suffisso 'DOM'. I progetti che utilizzano questi prodotti Enphase fabbricati negli Stati Uniti, insieme ad alcune attrezzature di racking solare prodotte negli Stati Uniti, potrebbero qualificarsi per i crediti d'imposta.
Enphase Energy ha anunciado los envíos iniciales de IQ Battery 5Ps fabricadas en Estados Unidos, que son elegibles para el Crédito Fiscal por Contenido Nacional bajo la Ley de Reducción de la Inflación (IRA). Este crédito fiscal está disponible para los propietarios de activos comerciales y proveedores de PPA/arriendo que poseen proyectos residenciales de energía solar y baterías. La empresa también ha comenzado a enviar IQ8HC Microinverters desde instalaciones en EE. UU. con un mayor contenido nacional, marcados con un sufijo 'DOM'. Los proyectos que utilizan estos productos de Enphase fabricados en EE. UU., junto con algunos equipos de soporte solar fabricados en EE. UU., podrían calificar para los créditos fiscales.
엔페이즈 에너지는 미국에서 제조된 IQ Battery 5Ps의 초기 배송을 발표했습니다. 이는 인플레이션 감축법(IRA) 하의 국내 콘텐츠 보너스 크레딧을 받을 수 있습니다. 이 세금 크레딧은 주거용 태양광 및 배터리 프로젝트를 소유한 상업 자산 소유자와 PPA/임대 제공자에게 제공됩니다. 또한, 회사는 더 높은 국내 콘텐츠로 미국 시설에서 IQ8HC 마이크로인버터의 배송을 시작했습니다. 이 미국산 엔페이즈 제품과 함께 일부 미국산 태양광 지지 장비를 사용하는 프로젝트는 세금 크레딧을 받을 수 있습니다.
Enphase Energy a annoncé les premiers envois de IQ Battery 5Ps fabriquées aux États-Unis, éligibles au Crédit d'Impôt pour Contenu National dans le cadre de la Loi sur la Réduction de l'Inflation (IRA). Ce crédit d'impôt est disponible pour les propriétaires d'actifs commerciaux et les fournisseurs de PPA/location qui possèdent des projets résidentiels d'énergie solaire et de batteries. L'entreprise a également commencé à expédier des IQ8HC Microinverters depuis des installations aux États-Unis avec un contenu national plus élevé, marqués d'un suffixe 'DOM'. Les projets utilisant ces produits Enphase fabriqués aux États-Unis, ainsi que certains équipements de support solaire fabriqués aux États-Unis, pourraient être éligibles pour les crédits d'impôt.
Enphase Energy hat die ersten Lieferungen von in den USA hergestellten IQ Battery 5Ps bekannt gegeben, die für den Domestic Content Bonus Credit gemäß dem Inflation Reduction Act (IRA) berechtigt sind. Dieser Steuerbonus steht gewerblichen Vermögensinhabern und Anbietern von PPA/Mietverträgen zur Verfügung, die im Besitz von Wohnprojekten für Solar- und Batteriesysteme sind. Das Unternehmen hat auch begonnen, IQ8HC Mikroinverter aus US-Anlagen mit höherem Inlandsanteil zu versenden, die mit einem 'DOM'-Suffix gekennzeichnet sind. Projekte, die diese in den USA hergestellten Enphase-Produkte sowie einige zusätzliche in den USA hergestellte Solarracksysteme verwenden, könnten für die Steuervergünstigungen qualifiziert werden.
- Manufacturing expansion into U.S. facilities strengthens domestic market presence
- Products qualify for IRA tax credits, enhancing commercial customer value proposition
- Expansion of product line with domestic content increases market competitiveness
- None.
Insights
The shift to U.S. manufacturing for the IQ Battery 5P and IQ8HC Microinverters represents a significant strategic advantage for Enphase. By qualifying for the Domestic Content Bonus Credit under the IRA, this move offers substantial financial incentives for commercial customers and lease providers. The "DOM" suffix products create a competitive edge in the growing U.S. solar market.
The domestic manufacturing transition helps mitigate supply chain risks and reduces dependency on international production. This localizes the supply chain, potentially leading to faster delivery times and better inventory management. The U.S. production capability also positions Enphase to capitalize on the increasing demand for American-made clean energy products, particularly as energy security concerns grow.
The alignment with IRA incentives demonstrates Enphase's strategic adaptation to the evolving U.S. energy policy landscape. The Domestic Content Bonus Credit creates a significant market advantage, particularly in the commercial and PPA/lease segments. This positions Enphase to capture a larger share of the rapidly expanding U.S. solar market.
The domestic manufacturing initiative supports broader policy goals of strengthening U.S. energy independence and creating clean energy jobs. This move could provide additional advantages if future policy changes further incentivize domestic manufacturing, making Enphase's early adaptation particularly valuable for long-term market positioning.
FREMONT, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- 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 initial shipments of IQ® Battery 5Ps produced in the United States that can help projects qualify for the Domestic Content Bonus Credit. 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).
The domestic content bonus tax credit is only available to commercial asset owners, which includes commercial businesses adding solar and PPA/lease providers who own residential solar and battery projects. Projects using Enphase microinverters and batteries supplied from contract manufacturing partners in the United States, as well as a small amount of additional U.S.-made solar racking equipment, could qualify for the tax credits.
“Enphase has been a name our customers trust for solar products, and the IQ Battery 5P is a natural extension of that relationship,” said Ken Lima, CEO of BayWa r.e. Solar Systems. “With manufacturing now happening at U.S. facilities, we’re able to offer a product that not only performs excellently but also aligns with the values of American homeowners who prioritize local innovation and quality. It’s a new chapter for renewable energy that’s built right here at home.”
“We’ve trusted Enphase products for years, and the IQ Battery 5P now being made at U.S. manufacturing facilities is a game changer for our customers,” said Doug Robinson, CEO of LGCY Power. “The proven technology and additional tax benefits ensures we're delivering a reliable, cutting-edge product that our customers can depend on for energy security and savings.”
“We’re excited to begin offering IQ Battery 5Ps produced in the U.S. to households across the country,” said Atul Raj, president at V3 Electric. “It’s a reliable, adaptable solution that now further supports American jobs and energy independence, while delivering the quality our customers expect and trust.”
“This marks a powerful shift for Enphase and our customers,” said Ken Fong, vice president and general manager of the Americas at Enphase Energy. “The launch of IQ Batteries and IQ8 Microinverters from U.S. contract manufacturing facilities is a testament to our focus on providing reliable, forward-thinking solutions that meet the evolving needs of American homeowners. We’re not just advancing clean energy but are also building a foundation for resilient communities by investing in domestic manufacturing and delivering top-tier technology to the market.”
Enphase also recently began shipping IQ8HC™ Microinverters supplied from manufacturing facilities in the United States with higher domestic content than previous models. Both the IQ Battery 5Ps and IQ8HC Microinverters have SKUs with a “DOM” suffix, indicating they are made with domestic content.
Enphase encourages those interested in the domestic content bonus tax credit to consult their own legal and tax professionals to confirm whether qualification for the credit is applicable. Please visit the website for more information about IQ Battery 5Ps and Enphase manufacturing.
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 78.0 million microinverters, and over 4.5 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.
©2024 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, 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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