Enphase Energy expands safe harbor agreement with TPO provider

Enphase Energy (ENPH) announced a newly expanded safe harbor agreement with a leading solar financing company that offers third-party ownership, TPO, agreements to homeowners, including leases and power purchase agreements, PPAs. The newly expanded safe harbor agreement builds on a prior transaction with this leading TPO provider that was announced after the One Big Beautiful Bill Act passed in July 2025, underscoring Enphase’s strong, continued engagement with established TPO partners. The new agreement is projected to generate approximately $55 million in revenue across the fourth quarter of 2025 and the first quarter of 2026, with the majority expected to be recognized in the first quarter.