Enphase: Shifting Solar Gears As Tax Credits Drive Lease-First Future

1. Enphase shifts focus to leases and PPAs due to changing solar incentives. 2. Traditional sales may plummet from 2.5GW to 1GW by 2026. 3. The total addressable market may decline by 20% in 2026. 4. Enphase plans to mitigate market reduction by expanding partnerships and lowering costs. 5. The CEO is optimistic about increased orders due to tax credit urgency.