Press release
Enphase Energy Announces IQ Batteries Qualify for New York Battery Incentive Program
FREMONT, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of
About this update from Enphase Energy, Inc.
[{"type":"text","content":"FREMONT, Calif., May 14, 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 homeowners in all of New York’s major investor-owned electric utility service territories who install Enphase IQ® Batteries can now qualify to enroll in the NYSERDA New York Battery Incentive Program. Qualifying homeowners can receive an upfront payment of up to $6,250 through the program. Homeowners in the Central Hudson, ConEd, NYSEG, National Grid, Orange and Rockland, and Rochester G&E service areas could receive the upfront incentive. Homeowners in the ConEd territory of New York City and Westchester County are eligible for an upfront incentive of $250/kWh, capped at $6,250 per site. For example, customers who install five IQ® Battery 5Ps could earn $6,250 upfront. Additionally, homeowners in all other utility territories are eligible for an upfront incentive of $200/kWh, capped at $5,000 per site. Homeowners who install five IQ Battery 5Ps can earn up to $5,000 upfront. “This incentive program significantly reduces the upfront cost of energy storage for our customers,” said Michael Catizone, president and co-founder at Long Island Power Solutions, an installer of Enphase products in New York. “The combination of the IQ Battery's reliability with NYSERDA's incentives creates a compelling value proposition for homeowners looking to gain energy independence.\" “Our customers consistently praise the seamless integration between Enphase solar and battery products,” said Achilles Tzoulafis, owner of Infinity Energy, an installer of Enphase products in New York. “With this new incentive program, the advanced monitoring and control features of the IQ Battery are now more accessible to New York homeowners concerned about rising energy costs.” “With nearly a million homes losing power during major storms in 2024 alone, and unprecedented utility rate hikes across New York, homeowners urgently need reliable backup solutions,” said Steve Kasselman, president and CEO of Kasselman Solar, a Platinum level installer of Enphase products in New York. “At Kasselman Solar, we’ve deployed multiple generations of Enphase battery systems statewide — and the IQ Battery 5P is their smartest, most advanced, and dependable techn...