Enphase Energy Launches IQ8 Microinverters for High-Powered Solar Panels in the Caribbean (2024)

FREMONT, Calif., Aug. 05, 2024 (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 it has started shipping IQ8P™ and IQ8HC™ Microinverters to support newer, high-powered solar panels in select countries throughout the Caribbean, including the Dominican Republic, the Turks and Caicos Islands, the Bahamas, Aruba, Sint Maarten, Sint Eustatius, Anguilla, the Cayman Islands, the British Virgin Islands, Antigua and Barbuda, Montserrat, Saint Kitts and Nevis, and Trinidad and Tobago.

IQ8P and IQ8HC Microinverters feature a peak output AC power of 480 W and 384 W, respectively. The microinverters are designed for residential applications and support higher powered solar panels up to 670 W DC. IQ8P and IQ8HC Microinverters activated in these select Caribbean countries come with a 25-year warranty from Enphase.

"The new IQ8 Microinverters take our solar installations to the next level,” said Abraham Espinal, CEO of Enestar Energía Renovable, an installer of Enphase products in the Dominican Republic. “Their high efficiency and robust performance in our sunny climate will ensure that our customers get the most out of their solar investments for decades."

"Enphase’s IQ8 Microinverters are best in class due to their advanced technology that ensures the highest energy output and efficiency, maximizing the performance of each solar panel,” said Boris von Bormann, co-founder of Renu Energy TCI, an installer of Enphase products in the Turks and Caicos Islands. “The product’s ability to handle high-powered panels and deliver consistent, reliable energy aligns perfectly with our commitment to providing top-tier solar solutions to our valued clients. IQ8 Microinverters also provide unparalleled transparency and operational insights for both homeowners and installers alike.”

"The advanced technology of the IQ8 Microinverters makes them an invaluable asset for our installations,” said Rodesonne Louis, president at Green Bahamas Co. LTD, an installer of Enphase products in the Bahamas. “The seamless integration and superior reliability give our customers confidence in their solar systems, knowing they will continue to perform efficiently for years to come."

"Our new IQ8 Microinverters provide homeowners in the Caribbean with a resilient and high-performance solution for their solar needs,” said Mehran Sedigh, senior vice president of sales at Enphase Energy. “The region's unique environmental challenges require robust and reliable technology, and our IQ8 Microinverters are designed to deliver the highest quality and performance, ensuring maximum energy production and peace of mind for our customers."

For more information about IQ8P and IQ8HC Microinverters in the Caribbean, please visit the Enphase website (English and Spanish).

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 76.3 million microinverters, and over 4.3 million Enphase-based systems have been deployed in more than 150 countries. For more information, visit https://enphase.com/.

©2024 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, Solargraf, 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; and the availability and market adoption of Enphase’s products in select Caribbean countries. 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

press@enphaseenergy.com

Enphase Energy Launches IQ8 Microinverters for High-Powered Solar Panels in the Caribbean (1)

Enphase Energy Launches IQ8 Microinverters for High-Powered Solar Panels in the Caribbean (2024)

FAQs

Is Enphase solar worth it? ›

Enphase Energy has revolutionized the solar industry with its groundbreaking microinverter technology. This global company has built a reputation for delivering high-performance, dependable products, earning the trust of customers worldwide.

What is enphase IQ8 microinverter? ›

Our newest IQ8 Microinverters are the industry's first grid-forming microinverters with split-phase power conversion capability to convert DC power to AC power efficiently.

What is the difference between enphase iq7a and IQ8? ›

The main 2 differences are that with the IQ8, the battery isn't required to be as large for load sizing, and that you can support more IQ8 micros with the battery than you can IQ7 based micros.

Can Enphase IQ8 be used off grid? ›

Embrace the freedom of off-grid living with the power and reliability of the Enphase Energy System. Offering complete independence from utility infrastructure, our new Off-Grid configurations feature intelligent IQ8 Microinverters, state-of-the-art IQ Batteries, and integrated Generator Support.

What is the Enphase Energy controversy? ›

A class action lawsuit was filed against Enphase Energy, Inc. (NASDAQ:ENPH) on May 29, 2024. The plaintiffs (shareholders) alleged that they bought ENPH stock at artificially inflated prices between February 7, 2023 and April 25, 2023 (Class Period) and are now seeking compensation for their financial losses.

Is Enphase a Chinese company? ›

Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.

What are the disadvantages of Enphase? ›

Cons
  • One of the most expensive inverter solutions on the market.
  • Not ability to connect to a DC battery without an additional inverter.
Jan 20, 2024

Why is Enphase better than Tesla? ›

Enphase IQ, however, gives a 4,000-cycle warranty, which is 800 times greater than the 3,200-cycle warranty offered by Tesla Powerwall. Although the two batteries have the same lifespan of 10 years and 70% capacity, Enphase IQ's warranty benefits them by including coverage for 800 additional cycles.

Why is Enphase so popular? ›

Enphase introduced the world's first microinverter-based solar system in 2008. Our microinverters offer one of the most advanced inverter technologies on the market, which means higher production, greater reliability, and unmatched intelligence.

Can you add a Tesla PowerWall to an Enphase system? ›

The Tesla Gateway 2 is a three-phase gateway, this provides significant advantage when deploying a three- phase Enphase and Tesla PowerWall 2 system, especially in backup mode. The system should be wired as a three-phase Enphase system, using the three-phase Q cable which is rated at 25A per phase.

What is the alternative to Enphase microinverter? ›

  • EcoFlow PowerStream MPPT Micro Inverter 800W Grid Tied Balcony Solar System WiFi. ...
  • EcoFlow 800W Alternator Charger XT150 Port for DELTA 2 DELTA MAX Power Station. ...
  • Micro Inverter, 350W Solar Inverter MPPT Solar Power Grid Tie Inverter WiFi App. ...
  • Enphase IQ7 Grid Tied Micro Inverter - IQ7-60-2-INT.

What are the best solar panels? ›

Top 10 solar panels, compared
BrandModelPerformance Warranty
1. SunPowerM series SPR-M440-H-AC92% at year 25
2. REC GroupAlpha Pure-R 430 W92% at year 25
3. PanasonicEverVolt HK EVPV Black 410-Watt92% at year 25
4. Maxeon Solar TechnologiesMaxeon 3 BLK-R 420W88.25% at year 40 (92% at year 25)
6 more rows

Is Enphase Energy worth investing? ›

Enphase Energy has a consensus rating of Moderate Buy which is based on 17 buy ratings, 6 hold ratings and 3 sell ratings. What is Enphase Energy's price target? The average price target for Enphase Energy is $126.22. This is based on 26 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Are microinverters worth the extra money? ›

Microinverters are generally more expensive than string inverters. While you'll likely have better overall system performance with microinverters, it's important to ensure that the long-term performance benefit outweighs the upfront cost.

What is the failure rate of Enphase microinverters? ›

By eliminating parts that are known to break, like fans, Enphase has achieved a microinverter failure rate of just 0.05%.

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