Enphase Energy Expands IQ8 Microinverter Deployments in New Hampshire
Enphase Energy (NASDAQ: ENPH) has reported an increase in deployments of its Enphase Energy Systems in New Hampshire, driven by the growing demand for energy independence. According to the U.S. Solar Market Insight report, residential solar deployments in the state are expected to reach approximately 22 MW in 2023, marking a 20% increase. Additionally, residential battery installations are projected to double by 2026. Enphase's IQ8 Microinverters offer features like Sunlight Backup and a 25-year warranty, enhancing customer confidence in energy resilience.
- Residential solar deployments in New Hampshire expected to reach 22 MW in 2023, a 20% increase.
- Residential battery deployments projected to more than double by 2026.
- Enphase IQ8 Microinverters offer Sunlight Backup functionality without a battery.
- None.
FREMONT, Calif., Jan. 09, 2023 (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, announced today that installers of Enphase® products in New Hampshire have seen growing deployments of Enphase Energy Systems™ powered by IQ8™ Microinverters.
According to the U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in New Hampshire are forecasted to reach approximately 22 MW in 2023, representing a 20 percent increase over the previous year. Additionally, residential battery deployments in New Hampshire are expected to more than double by 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie.
“New Hampshire residents are increasingly looking for ways to increase their energy independence,” said Paul Lesure, president at Granite State Solar, an Enphase Platinum level installer. “We have been installing Enphase microinverters for several years and our customers love the level of insight they get from the production monitoring. We’re excited to see this legacy of industry-leading performance and reliability roll out with the IQ8.”
Enphase’s revolutionary IQ8-based systems can provide Sunlight Backup™ functionality during an outage even without a battery. For homeowners who want battery backup, there are no sizing restrictions when pairing Enphase IQ™ Batteries with IQ8 Microinverters. With the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using only sunlight after a prolonged grid outage that drains the battery. This eliminates the need for a manual restart of the system and gives homeowners greater assurance of energy resilience. Enphase IQ8 solar microinverters are built to last and come with a 25-year limited warranty.
“We’re seeing strong demand for Enphase’s IQ8 Microinverters among homeowners who want to tap into New Hampshire’s solar energy resources,” said Scot Johnson, co-founder at 603 Solar, an Enphase Gold level installer. “We share a dedication with Enphase to offer homeowners products and services that provide solar energy, with or without a battery.”
“We’re proud to offer Enphase’s industry-leading products and services to our customers,” said Rob Raffa, sales manager at Sunergy Solutions. “The IQ8 Microinverter offers unmatched reliability and comes with a leading 25-year warranty. Enphase products also give our customers the ultimate flexibility to build truly personalized home energy systems, allowing them to scale up over time as their electricity needs grow.”
“Due to rising energy costs, homeowners in New Hampshire are increasingly interested in residential solar solutions as a way to save on their electric bills,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “We’re proud to work with our installer partners in the state to deliver industry-leading clean energy solutions that can adapt as household energy needs evolve.”
For more information about Enphase IQ8 Microinverters and IQ Batteries, please visit the Enphase website.
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 more than 52 million microinverters, and over 2.7 million Enphase-based systems have been deployed in more than 145 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
© 2023 Enphase Energy, Inc. All rights reserved. Enphase, the "e" logo, IQ, IQ8, Enphase Energy Systems, Sunlight Backup, Sunlight Jump Start, and certain other names and marks are trademarks 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; the availability and market adoption of Enphase products; growth in deployments of Enphase Energy Systems; and growth in New Hampshire of residential solar deployments and deployments of residential battery capacity. These forward-looking statements are based on Enphase’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties, including those risks described in more detail in Enphase’s most recently filed Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, its Annual Report on Form 10-K for the year ended December 31, 2021 and other documents on file with the SEC from time to time, which are available on the SEC’s website at https://www.sec.gov/. 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
FAQ
What is the forecast for residential solar deployments in New Hampshire for 2023 regarding ENPH?
What are the expected trends for residential battery installations in New Hampshire by 2026 related to ENPH?
What features do Enphase IQ8 Microinverters offer?
How is Enphase Energy responding to rising energy costs in New Hampshire?
