SolarEdge and Enstall, Parent Company for PanelClaw, IronRidge, EcoFasten, Collaborate with Novogradac and Crux to Streamline Process for Domestic Content Tax Compliance and Monetization
March 18 2025 - 11:58AM
Business Wire
SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in
smart energy technology, and Enstall, the parent company of racking
suppliers PanelClaw, IronRidge, EcoFasten, today announced with CPA
firm Novogradac & Company LLP and Crux, the capital markets
technology company for the clean economy, a streamlined solution
for developers and business owners navigating domestic content tax
benefits. This innovative approach is designed to simplify the
compliance process for the IRS Domestic Content bonus credit and
provide a direct pathway to monetizing tax credits.
Meeting Domestic Content requirements under the Elective and
Notice 2025-08 has been a challenge for some developers working on
Multi Dwelling Units (MDUs), apartment buildings, and large rooftop
commercial and industrial (C&I) projects. The new solution
offered by SolarEdge, Enstall, Novogradac and Crux helps to
eliminate complexity surrounding the new guidance by combining due
diligence, compliance validation, and tax credit monetization into
a unified process. Available under this approach are SolarEdge’s
C&I products and Enstall’s PanelClaw, IronRidge, EcoFasten flat
and pitched roof products.
A Simplified Path in Determining Domestic Content Compliance
& Robust Tax Credit Monetization Support
To help developers and business owners meet IRS requirements,
SolarEdge and Enstall have engaged Novogradac & Company LLP, to
conduct an Agreed Upon Procedure (AUP) Report. This report
addresses procedures related to the Domestic Content eligibility of
SolarEdge and Enstall products that help streamline due diligence
for potential buyers of Investment Tax Credits (ITC).
Additionally, this solution engages Crux, which operates the
industry’s central transferable tax credit marketplace. Crux’s
platform supports owners and developers interested in monetizing
eligible ITCs through all stages of the transaction process.
"SolarEdge's U.S.-manufactured inverter and optimizer solutions
for C&I are designed to be eligible to qualify for domestic
content, having already achieved BABA compliance across our
commercial product lines," said John Carroll, Vice President
C&I Sales for SolarEdge. "This collaboration takes domestic
content one step further by simplifying the complex compliance and
monetization processes for our customers. “
"IRS guidance on Domestic Content compliance, such as Notices
2024-41 and 2025-08, has introduced specific requirements that
developers must meet to qualify for additional tax incentives, and
it has not been easy for customers to meet and understand the
requirements. Novogradac’s AUP performs specific procedures related
to this domestic content criteria and assists stakeholders with
obtaining key facts that can allow them to make financing decisions
on the ITC adder, “said Josh Morris, partner at Novogradac &
Company LLP. “By offering a structured solution with SolarEdge and
Enstall, Novogradac is able to provide a cost effective and
efficient process to deliver relevant results on these
products.”
"This new solution offers a structured approach to both
compliance and financial optimization," added Corey Geiger, COO for
Enstall. "Our goal is to help customers confidently meet regulatory
standards while ensuring their projects remain economically
viable."
About SolarEdge
SolarEdge is a global leader in smart energy technology. By
leveraging world-class engineering capabilities and with a
relentless focus on innovation, SolarEdge creates smart energy
solutions that power our lives and drive future progress. SolarEdge
developed an intelligent inverter solution that changed the way
power is harvested and managed in photovoltaic (PV) systems. The
SolarEdge DC optimized inverter seeks to maximize power generation
while lowering the cost of energy produced by the PV system.
Continuing to advance smart energy, SolarEdge addresses a broad
range of energy market segments through its PV, storage, EV
charging, batteries, and grid services solutions. Visit SolarEdge
online at www.solaredge.com.
About Enstall
Enstall is a global leader in solar mounting and digital service
solutions. The Enstall family of brands, IronRidge, EcoFasten,
PanelClaw, Esdec, Blubase, and Sunfer, share our mission to
accelerate solar adoption and deliver solar sooner. We develop
highly reliable PV mounting solutions and digital capabilities that
create less hassle and deliver more value for solar professionals.
Founded more than 20 years ago, we're the most trusted partner in
the industry with more than 25 Gigawatts of solar utilizing our
solutions. Enstall's companies operate in the top solar markets in
the U.S. and Europe. For more information, visit
www.enstall.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250318775678/en/
Press Contact Lily Salkin, Senior Global Manager of
Public Relations Lily.salkin@solaredge.com
Investor Contact JB Lowe, Head of Investor Relations
investors@solaredge.com
Global Government Affairs Contact Liz Reicherts, Global
Head of Government Affairs Liz.Reicherts@solaredge.com
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