California-based Enphase Energy has renewed an inverter agreement with an affiliate of leading residential PV system provider Vivint Solar.
The three-year deal expands on the existing relationship between the two companies.
Jeff Loebbaka, Enphase’s senior vice president of worldwide sales and field operations, said described the collaboration as a "winning combination," adding that Enphase’s microinverter-based solar energy management systems and Vivint Solars "innovative consumer-friendly business approach provides a compelling offering for the U.S. residential rooftop solar sector."
Utah-based Vivint Solar designs, installs, monitors and services residential PV systems with no upfront costs to homeowners.
Through power purchase agreements (PPAs) or solar energy system leases, homeowners can use power generated by the PV installations and "generally realize savings relative to the prevailing electric utility provider rates," the companies said.
Vivint Solar currently operates in Arizona, California, Hawaii, Maryland, Massachusetts, New Jersey and New York.
Enphase said it continued to see robust demand for its microinverter technology with current and new customers from larger companies like Vivint Solar to small professional solar installers.
The company has shipped more than 5.7 million microinverters worldwide, which are installed in 160,000-plus systems, accounting for more than 1.2 GW of installed capacity.