Enphase Energy's IQ Battery systems join San Diego Community Power’s Solar Battery Savings program, offering rebates and incentives for solar storage installations.
Quiver AI Summary
Enphase Energy has announced that its IQ® Battery systems are now part of the San Diego Community Power's Solar Battery Savings program, which provides rebates and performance incentives for residential customers installing new solar-plus-battery systems or adding batteries to existing setups. Customers can receive up to $350 per kWh for new systems and $250 per kWh for additions, along with ongoing bonuses for energy discharged during peak demand hours. This initiative aims to enhance grid reliability and promote cleaner energy in the region. Enphase's latest battery, the IQ Battery 10C, is designed for easy integration and whole-home backup capabilities. The program emphasizes supporting local energy needs while offering financial benefits to participants. Enrollment is currently open, encouraging homeowners to connect with local installers for participation.
Potential Positives
- Enphase Energy's IQ® Battery systems are now eligible for the San Diego Community Power's Solar Battery Savings program, increasing accessibility and attractiveness of their products to a large customer base in the San Diego region.
- The program offers significant financial incentives, including an upfront rebate of up to $350 per kWh for new installations and ongoing performance incentives, potentially enhancing sales for Enphase's products.
- The alignment with the Community Power program supports the company's mission of providing clean, reliable energy and strengthens its market position as a leader in solar and battery technology.
- Enphase's recent launch of the 4th-generation Energy System simplifies installation and enhances the appeal of its products, further driving potential customer interest and adoption.
Potential Negatives
- Enphase Energy's eligibility for the San Diego Community Power's Solar Battery Savings program may indicate a reliance on government-backed incentives to drive sales, suggesting vulnerability to shifts in regulatory support or program availability.
- The requirement for customers to remain enrolled in the program for five years to retain the upfront rebate could deter potential customers wary of long-term commitments, potentially limiting market penetration.
- While the press release highlights ongoing developments and partnerships, it does not disclose any recent financial performance or projections, raising concerns about the company's current stability and growth trajectory.
FAQ
What is the San Diego Community Power Solar Battery Savings program?
The program offers rebates and incentives for residents installing solar-plus-battery systems, enhancing energy savings and grid reliability.
How much rebate can customers receive for Enphase IQ® Batteries?
Customers can receive $350 per kWh for new installations and $250 per kWh for adding batteries to existing solar systems.
What is the duration of the upfront rebate requirement?
To retain the upfront rebate, customers must remain enrolled in the program for five years.
Are Enphase products eligible for Domestic Content Bonus Credit?
Yes, Enphase IQ Battery 10C products can help qualify for the Domestic Content Bonus Credit when paired with U.S.-made components.
Where can I find more information about the program?
More information can be found on the San Diego Community Power website or the Enphase Energy website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ENPH Insider Trading Activity
$ENPH insiders have traded $ENPH stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ENPH stock by insiders over the last 6 months:
- BADRINARAYANAN KOTHANDARAMAN (President & CEO) has made 2 purchases buying 15,000 shares for an estimated $463,437 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ENPH Hedge Fund Activity
We have seen 260 institutional investors add shares of $ENPH stock to their portfolio, and 332 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAILLIE GIFFORD & CO removed 6,312,422 shares (-70.3%) from their portfolio in Q3 2025, for an estimated $223,396,614
- WELLINGTON MANAGEMENT GROUP LLP removed 3,825,027 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $151,662,320
- D. E. SHAW & CO., INC. added 3,362,860 shares (+2187.4%) to their portfolio in Q2 2025, for an estimated $133,337,399
- RENAISSANCE TECHNOLOGIES LLC added 2,741,584 shares (+548.2%) to their portfolio in Q2 2025, for an estimated $108,703,805
- CITIGROUP INC added 1,559,119 shares (+419.6%) to their portfolio in Q2 2025, for an estimated $61,819,068
- INVESCO LTD. added 1,479,153 shares (+28.1%) to their portfolio in Q2 2025, for an estimated $58,648,416
- ROYAL BANK OF CANADA added 1,438,087 shares (+252.7%) to their portfolio in Q2 2025, for an estimated $57,020,149
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ENPH Analyst Ratings
Wall Street analysts have issued reports on $ENPH in the last several months. We have seen 3 firms issue buy ratings on the stock, and 8 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Underweight" rating on 10/30/2025
- Citigroup issued a "Sell" rating on 10/29/2025
- Barclays issued a "Underweight" rating on 10/09/2025
- GLJ Research issued a "Sell" rating on 09/23/2025
- Johnson Rice issued a "Accumulate" rating on 07/30/2025
- Wells Fargo issued a "Overweight" rating on 07/24/2025
- Oppenheimer issued a "Outperform" rating on 07/23/2025
To track analyst ratings and price targets for $ENPH, check out Quiver Quantitative's $ENPH forecast page.
$ENPH Price Targets
Multiple analysts have issued price targets for $ENPH recently. We have seen 19 analysts offer price targets for $ENPH in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- Andrew Percoco from Morgan Stanley set a target price of $26.0 on 10/30/2025
- Christopher Dendrinos from RBC Capital set a target price of $31.0 on 10/29/2025
- Mark Strouse from JP Morgan set a target price of $37.0 on 10/29/2025
- Vikram Bagri from Citigroup set a target price of $31.0 on 10/29/2025
- Maheep Mandloi from Mizuho set a target price of $37.0 on 10/23/2025
- Biju Perincheril from Susquehanna set a target price of $37.0 on 10/13/2025
- Christine Cho from Barclays set a target price of $33.0 on 10/09/2025
Full Release
FREMONT, Calif., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that its IQ ® Battery systems are now eligible for San Diego Community Power’s (Community Power) Solar Battery Savings program. Community Power is a leading California community choice aggregator serving nearly one million customers across the greater San Diego region.
The Solar Battery Savings program offers an upfront rebate and ongoing performance incentives to residential Community Power customers who install new solar-plus-battery systems or add an eligible battery to an existing solar or solar-plus-battery system. Customers installing new systems can receive $350 per kWh of usable battery capacity, while customers adding batteries to an existing solar system can receive $250 per kWh, with larger rebates available for nonmarket rate customers. Participants also earn $0.10 per kWh for energy discharged during weekday evening dispatch windows, typically between 4 p.m. and 9 p.m. The program is designed to support the energy grid when electricity is in high demand and most expensive – strengthening overall grid reliability, providing ongoing savings for participants, and helping deliver a cleaner, more resilient local energy system for all. To retain the upfront rebate, customers must remain enrolled in the program for five years.
For new market rate customers installing an Enphase solar and battery system, Community Power’s program allows homeowners to install up to three IQ ® Battery 10C units without exceeding the $10,000 upfront rebate cap. Additionally, because Enphase offers an AC-coupled battery system, power scales with capacity – meaning that adding more batteries not only maximizes available incentives and total usable energy, but also delivers higher power output for starting and running large appliances during outages.
"Community Power's mission is to provide clean, affordable energy while reinvesting in our local communities, and Solar Battery Savings is that mission in action," said Karin Burns, chief executive officer at Community Power. "Adding Enphase batteries to our program gives homeowners more ways to power their homes with clean energy, lower their bills and help strengthen our local grid when it matters most."
Enphase recently launched its 4th-generation Enphase ® Energy System designed to make home backup faster and easier with just three core components: the IQ Battery 10C, the IQ ® Meter Collar, and the IQ ® Combiner 6C. The IQ Meter Collar is approved in Community Power’s service territory and provides MID functionality and integrated metering. It enables whole-home backup without extensive load rewiring, and all the core components are backed by a leading 15-year limited warranty.
“Enphase batteries are now an even more compelling choice for San Diego homeowners,” said Mike Teresso, president at Baker Electric Home Energy, an installer of Enphase products in San Diego. “Community Power’s upfront rebate and ongoing performance incentives can make for an outstanding return on investment, and Enphase’s new meter-collar design lets our teams deliver reliable whole-home backup with a simpler, faster installation.”
“We’re seeing strong interest from customers who want both bill savings and power outage protection,” said David Pollock, founder of SolHome, an installer of Enphase products in San Diego. “Pairing Enphase IQ Battery 10Cs with Community Power incentives is a win-win for homeowners and the local grid.”
Enphase Energy is now shipping the IQ Battery 10C with domestic content from U.S. contract manufacturing facilities. The products are identified by a “DOM” suffix in the SKU and can help solar and storage projects qualify for the current Domestic Content Bonus Credit, which incentivizes solar and battery projects using U.S.-manufactured components. When paired with select U.S.-made IQ8™ Microinverters and racking equipment, Enphase systems may meet eligibility requirements for the bonus credit.
“We see programs like Community Power’s as the blueprint for how flexible distributed energy resources can serve both homeowners and the grid,” said Marco Krapels, CMO and head of global energy markets at Enphase Energy. “With our U.S.-produced IQ Battery 10C and the simplified fourth-generation system, Enphase is helping create a network of clean, reliable power that supports communities when they need it most.”
Enrollment is now open. Please visit the Enphase website to learn more and to be connected with a local installer. Both the Enphase IQ Battery 10C and IQ ® Battery 5P are eligible for program participation, with the appropriate option determined by homeowner needs. For additional information on San Diego Community Power’s Solar Battery Savings program, please visit https://sdcommunitypower.org/solar-battery savings/ .
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power – and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 84.8 million microinverters, and more than 5.0 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/
©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. 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.
Contact:
Enphase Energy