Enphase Energy Shares A Solution For Expanding Legacy Net Energy Metering Solar Energy Systems In California Without Penalty Using New Enphase Energy Systems Configurations With IQ Microinverters, IQ Batteries, And Enphase Power Control
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy has introduced a solution for expanding legacy net energy metering (NEM) solar systems in California without transitioning to the less favorable NEM 3.0 tariff. This involves new system configurations with IQ Microinverters, IQ Batteries, and Enphase Power Control, approved by major utilities.
September 04, 2024 | 12:07 pm
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Enphase Energy's new solution allows California homeowners to expand legacy NEM solar systems without moving to the less favorable NEM 3.0 tariff. This innovation is approved by major utilities, potentially boosting Enphase's market position.
The introduction of a solution that allows expansion of legacy NEM systems without transitioning to NEM 3.0 is significant for Enphase Energy. It addresses a key pain point for solar homeowners in California, potentially increasing demand for Enphase's products. The approval by major utilities like PG&E and SCE further validates the solution, likely leading to increased adoption and sales, positively impacting Enphase's stock price in the short term.
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