Enphase: Latest Example of Inflation Reduction Act Leading to US Manufacturing

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Enphase Vitality, the world’s #1 microinverter-based photo voltaic and battery system provider, like many others, have responded to the Inflation Discount Act of 2022 (IRA) by bringing extra manufacturing to the US. Whereas the laws’s title is targeted on inflation, and it’s packed filled with help for local weather options, the factor concerning the Inflation Discount Act that stands out most to me is that it’s the largest coverage in historical past centered on reshoring manufacturing capability in america. It has led to quite a few new factories within the photo voltaic, battery, and EV industries.

The most recent instance of that’s from Enphase, which simply began transport IQ8HC Microinverters manufactured in america and utilizing extra domestically produced content material than beforehand. Mixed with different US-made photo voltaic tools, they now qualify the client for the IRA’s home content material bonus tax credit score.

“The IQ8 Microinverters supplied from U.S. manufacturing facilities represent a significant milestone for Enphase and our business,” said Arthur Souritzidis, CEO at Momentum Photo voltaic. “This transition aligns with our values and ensures that these state-of-the-art microinverters meet the highest standards while contributing to the growth of renewable energy in our communities.”

That sounds good. However, let’s be trustworthy, it’s all concerning the IRA. This laws lastly pushed corporations throughout the trade to fabricate in america slightly than in cheap-labor nations elsewhere on this planet.

“The domestic content bonus tax credit is only available to commercial asset owners, which includes commercial businesses adding solar and PPA/lease providers who own residential solar projects,” Enphase notes. “Enphase encourages those interested in the domestic content bonus tax credit to consult their own legal and tax professionals to confirm whether qualification for the credit is applicable.”

You possibly can be taught extra concerning the new IQ8HC Microinverters through the company’s data sheet on them. Enphase notes that the “DOM” suffix is used within the SKU to simply determine them. You too can learn more about Enphase manufacturing in the US here.

“This is an exciting time for Enphase and the solar industry as a whole,” stated Ken Fong, vice chairman and basic supervisor of the Americas at Enphase Vitality. “Our customers can now more easily qualify for the domestic content bonus tax credit, which can help them scale their businesses and ultimately reach more customers. By investing in American manufacturing, we’re not just creating jobs and growing the economy—we’re also ensuring that our products continue to lead the industry in reliability and performance.” Certainly, that’s what the IRA is all about.

As somebody who follows each politics and coverage fairly intently, it’s very irritating to see how a lot of the nation ignores or shouldn’t be even conscious of the huge manufacturing increase the IRA is offering the nation. After a long time of lamenting the lack of manufacturing jobs, somebody did one thing about it and began actually bringing them again. That is offering a terrific financial increase to the nation. Nonetheless, it’s apparently extra attention-grabbing to speak about false however titillating conspiracy theories just like the one that individuals in Springfield, Ohio, are consuming cats and canine. Spoiler alert: they’re not, and that is all one large distraction to make you miss the truth that the IRA and the Bipartisan Infrastructure Legislation are constructing issues for Individuals, truly creating new jobs, and didn’t fall out of the sky.

Oh yeah, Enphase additionally not too long ago introduced pre-orders for IQ Battery 5Ps produced in the USA that qualify for home content material bonus tax credit. Similar story.

Photograph credit score: Enphase Energy