Tax & PenaltyJun 18, 2026, 04:22 PM
Enphase Energy to Sell Up to $150M Tax Credits for $139.5M
AI Summary
Enphase Energy entered a Tax Credit Transfer Agreement on June 15, 2026, with a leading financial institution. The company will sell up to $150 million in advanced manufacturing production tax credits, generated from eligible US component production in 2026, for a purchase price not exceeding $139.5 million. Payments will be made in four installments during 2026 and 2027, subject to customary conditions.
Key Highlights
- Enphase Energy entered a Tax Credit Transfer Agreement on June 15, 2026.
- Agreed to sell up to $150,000,000 in advanced manufacturing production tax credits.
- Tax credits generated from eligible US component production and sales in 2026.
- Purchase price for the tax credits will not exceed $139,500,000.
- Payments to be made in four installments during calendar years 2026 and 2027.
- Agreement includes customary conditions precedent, covenants, and indemnification.
Price Impact
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