Enphase Energy
Status: Profitable but revenue down in 2025-2026 because of the US residential slowdown and the end of 25D. Strong balance sheet. US-made SKUs support domestic content and FEOC compliance.
- Company
- USA (Fremont, CA)
- U.S. manufacturing
- (Contract manufacturing in Texas and South Carolina (IQ8, IQ9, IQ Battery DOM SKUs))
- Main products
- IQ8 family (IQ8M/IQ8A/IQ8H/IQ8X/IQ8P/IQ8HC)
- IQ9N-3P / IQ9S-3P (GaN, commercial 480V 3-phase)
- Warranty
- years: 25; notes: 25-yr limited warranty on IQ8 micros in the US; Enphase has paid installer labor reimbursement for warranty replacements (check current schedule)
- Price tier
- premium
- Risks to weigh
- US residential demand slump
- Higher cost per watt than string inverters
- Panel power above the micro's rating gets clipped
Good for complex or shaded roofs; no single point of failure.
Checked against 2025–2026 sources. Sources: investor.enphase.com, enphaseenergy.gcs-web.com, pv-magazine-usa.com