TECH - Why Enphase Energy Stock Is Climbing Today | Benzinga
Enphase Energy, Inc. (NASDAQ:ENPH) shares are trading higher Thursday after the company announced residential and commercial products that can help solar projects qualify for the Domestic Content Bonus Credit.
The Details:
The company said projects using specific Enphase microinverters supplied from manufacturing partners in the United States and specific U.S.-made solar racking equipment could qualify for the Domestic Content Bonus Credit, a tax credit that aims to encourage manufacturing and clean energy deployments in the U.S. as part of the Inflation Reduction Act (IRA).
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“We have a product solution available today that puts the domestic content bonus tax credit within reach and can help increase access to solar energy across the ...