At the end of December, the company signed safe harbor agreements with Sunrun
with Sunrun (Nasdaq: RUN) and one of the largest solar
financing companies for solar installations in the USA. Under the terms of these
agreements, SolarEdge will supply inverters, power optimizers and batteries
inverters, power optimizers and batteries, which will be manufactured
manufacturing facilities. In combination with other components manufactured in the USA
components, these products will enable SolarEdge's partners to qualify for
partners to qualify for tax credits for domestic content.
content tax credits. Deliveries under the
safe harbor agreements are expected to continue throughout 2025.
year.
By providing inverters produced in the USA,
power optimizers and batteries, SolarEdge's installation and financing
SolarEdge's installation and financing partners plan to secure the applicable investment and tax
tax credits for domestic content. This
provides better predictability for their business activities and
creates more certainty regarding the profitability of their
projects.