SolarEdge Technologies, Inc. announced it signed safe harbor agreements in late December with Sunrun and another large financer of residential solar installations in the United States. Under these agreements, SolarEdge will provide U.S.-manufactured inverters, Power Optimizers, and batteries, enabling partners to qualify for domestic content bonus tax credits.
Deliveries under these safe harbor agreements are expected to take place throughout 2025, providing business planning clarity and greater certainty around project economics for SolarEdge's partners. This move helps lock in prevailing investment and domestic content bonus tax credits.
In late December, the company also closed its second transaction for the sale of §45X Advanced Manufacturing Production Tax Credits. This transaction included a portion of credits generated in Q3 2024 from both U.S. manufactured inverters and Power Optimizers, further enhancing SolarEdge's cash position and strengthening its balance sheet.
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