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FINANCIALS Increasing Our 'Share of Wallet' Per Home 2019 2021 IQ7TM family of microinverters² $2.000 IQ7TM family of microinverters² $2,300 +IQTM Battery 4 $6,700 2022+ IQ8™ family of microinverters³ Premium for grid-forming +IQ Battery $6,500* +IQTM Load Controller, EV Charger, Grid Services, Al Software Enphase potential per home¹ Enphase potential per home1 Enphase potential per home¹ $2,000 $9,000 $12,000 ENPHASE. 1 Enphase internal data and approximate estimates 2 Refers to IQ7, IQ7+, IQ7X, IQ7A with 20 micros per home 3Refers to IQ8, IQ8+, IQ8M, IQ8A, IQ8H with 20 micros per home 4Assumes 10 kWh battery and system controller 2024 Enphase Energy, Inc. 26 26

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