Enphase Energy Signs Second New Safe Harbor Agreement Worth USD 50 Million
Enphase Energy signed a safe harbor agreement with a solar and battery financing company in August, anticipated to yield around USD 50 million in revenue for the microinverter manufacturer.
August 20, 2025. By News Bureau
The agreement marks the second agreement since the new US federal budget law was enacted in July 2025. The safe harbor agreement covers Enphase’s US-manufactured IQ8HC™ Microinverters (with ‘DOM’ SKUs), helping future projects preserve eligibility for both the base investment tax credit (ITC) and the domestic content bonus credit. By safe harboring equipment now, solar companies can lock in current tax credit qualifications and reduce risk from future policy changes.
“Safe harbor agreements are a critical tool for keeping solar projects on track despite changing policy landscapes. These agreements allow developers and financiers to move forward with confidence, safeguard project economics, and accelerate clean energy deployment. Enphase is committed to supporting every segment of the market, including TPO, as it expands access to affordable, reliable home energy systems,” said Ken Fong, Senior Vice President and General Manager of the Americas and APAC at Enphase Energy.
Enphase expects additional financing providers to follow suit in the coming months, further expanding the pipeline of TPO safe harbor agreements under the new rules. Project developers should consult their own legal and tax advisors to confirm eligibility for available tax credits.
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