Enphase Energy (NASDAQ: $ENPH) and Solar Solution Deliver PPA Success in Washington, D.C.
FREMONT, Calif. - October 8, 2018 (Investorideas.com Newswire) Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that the leading Washington, D.C.-based solar contractor, Solar Solution, leverages the Enphase Home Energy Solution with IQ™ for 72-cell modules in combination with a Power Purchase Agreement (PPA) to provide clean solar energy to commercial, non-profit and residential customers in the Washington, D.C. area.
Solar Solution uses the 'D.C. Solar Solution Program' PPA to provide no upfront cost solar systems in the Washington, D.C. area. The D.C. Solar Solution Program specifies Enphase IQ microinverters for 72-cell modules for their high power output, great reliability and reduced system outage risk, 25-year warranty, and sophisticated online monitoring and diagnostic capabilities, which significantly reduce operations and maintenance costs.
"We don't just use the IQ Micros because they are specified in the PPA that enables us to bring clean and affordable solar energy to our customers, they are also ideally suited to support 72-cell modules, which maximize solar generation on the confined rooftops of D.C. row houses," said JD Elkurd, CEO of Solar Solution. "We have deployed about 75,000 Enphase microinverters since the start of our relationship in 2010, and it's been our exclusive solar inverter solution for years. Enphase delivers the quality, power, reliability, and fleet management options we need to keep our customers' electric bills low and satisfy the demands of the PPA. Our PPA customers are delighted they still have 10 years of microinverter warranty left when we donate the systems to them after the 15-year term."
The Enphase IQ™ Microinverter System dramatically simplifies solar installations and provides a complete AC solution that produces no high-voltage DC, delivering a safe solar option for homeowners. Solar Solution uses Enphase IQ microinverters in combination with Enphase IQ™ accessory products such as the lighter two-wire Enphase Q Cable™ and the Enphase IQ Combiner 3™ with pre-installed Enphase IQ Envoy™, all of which help make solar installation simple and fast.
"Developing and leveraging a PPA to bring clean, reliable solar energy to the Washington, D.C. area is one of the things that makes Solar Solution one of the most innovative solar contractors in the nation," said Badri Kothandaraman, president and CEO of Enphase Energy. "It is an inspiration to see Solar Solution build a dominant market position by leveraging Enphase products in combination with its innovative financing model, and by keeping the focus on delivering real value to homeowners."
For more information, please visit Solar Solution online at https://www.solarsolutionllc.com/
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The Company revolutionized solar with its microinverter technology and produces the world's only truly integrated solar plus storage solution. Enphase has shipped over 17 million microinverters, and more than 790,000 Enphase systems have been deployed in over 120 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
About Solar Solution
Solar Solution, established in 2008, is the largest Washington, D.C.-based solar PV developer. Driven by the pursuit of a cleaner, healthier America, Solar Solution provides a clean energy option through systems installed on the rooftops of homes and businesses. We work to educate our community on how solar systems work, the installation process, and government incentives available to offset costs and have helped over 2,500 customers in D.C. go solar. Solar Solution has also developed its own solar programs financed internally to help D.C. homeowners and businesses go solar with $0 upfront cost and no credit checks. Solar Solution is a Certified Business Enterprise (CBE) and an authorized contractor by the D.C. Department of Energy and Environment (DOEE). For more information, visit https://www.solarsolutionllc.com/ and follow the company on Facebook and LinkedIn.
This press release may contain forward-looking statements, including statements related to Enphase Energy's financial performance, market demand and expected availability dates for its products, expected performance and advantages of its technology, and market trends. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
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