Enphase Energy, a Fremont-based solar technology company, has signed its second safe harbor agreement in August 2025 with a financing provider offering third-party ownership models including leases and PPA. Enphase Energy has stated that the agreement is expected to generate nearly $50 million in revenue through US-manufactured IQ8HC microinverters, which are eligible for the investment tax credit and domestic content bonus credit under the July 2025 federal budget bill. Enphase Energy has explained that safe harboring equipment allows developers to lock in current tax credit eligibility and reduce risks from future policy changes. Enphase Energy has further indicated that additional financing providers are likely to sign similar agreements in the coming months. Earlier this year, Enphase Energy had expanded its European presence by shipping IQ8P microinverters to Italy and Switzerland. Enphase Energy has reported cumulative shipments of 83.1 million microinverters and the deployment of more than 4.9 million systems across over 160 countries worldwide.