OtherApr 6, 2026, 04:06 PM
Enphase Energy Sells $235 Million in Tax Credits for $218.55 Million
AI Summary
Enphase Energy entered into a Tax Credit Transfer Agreement to sell $235 million of advanced manufacturing production tax credits generated in 2025 for $218.55 million. This agreement provides Enphase with immediate cash flow and allows them to monetize tax credits related to their U.S. manufacturing activities.
Key Highlights
- Enphase Energy sold $235 million in tax credits to a leading financial institution.
- The purchase price for the tax credits was $218.55 million, paid in a single installment on March 31, 2026.
- The tax credits were generated by the production of eligible components in the U.S. during 2025 under Section 45X of the Internal Revenue Code.