SAN DIEGO, June 15, 2020 (GLOBE NEWSWIRE) -- NEOVOLTA INC. (OTCQB: NEOV) – San Diego–based SolarTech Energy Systems has agreed to become an elite dealer of NeoVolta home solar storage systems. NeoVolta manufactures the NV14 and NV24 home solar storage systems. With this arrangement, SolarTech will purchase NeoVolta solar batteries for residential installation across Southern California, while qualifying for exclusive sales and marketing benefits.
“We’re very proud of this strategic alignment with the NeoVolta brand,” said Grant Magoffin, SolarTech’s Director of Operations. “We feel they provide the safest battery chemistry and a unique technology that makes them one of the premier solutions in home solar storage.”
SolarTech has played an important role in making San Diego the second-largest solar market in the U.S., according to a survey by the Environment America Research & Policy Center. San Diego ranked second in both solar installed per capita and total solar installed in 2019 and 2020.
The NeoVolta NV14, named one of Solar Power World’s “2019 Top Solar Storage Products,” has high storage capacity of 14.4 kilowatt-hours. This can be amplified to 24.0 kWh with the optional NV24 battery add-on, making it one of the highest-capacity systems in its class—without the expense of adding a second inverter. The inverter can discharge 7.7 kilowatts of instantaneous power, more than most mainstream competitors. And NeoVolta’s lithium iron phosphate chemistry is the safest and longest-lasting solar battery technology on the market.
The NV14 and NV24 are approved for a rebate under California’s Self-Generation Incentive Program (SGIP). By combining the SGIP rebate with the federal investment tax credit, which reduces the battery cost by an additional 26%, California homeowners may be able to save more than 50% on the installation of a high-performance NeoVolta solar storage system.
“SolarTech is one of the largest residential solar installers in Southern California, and we’re delighted to forge this relationship with them,” said NeoVolta CEO Brent Willson. “As one of NeoVolta’s elite dealers, they have demonstrated the highest standards of quality and service. SolarTech is an integral part of our mission to deliver energy resilience and utility savings to homeowners.”
About NeoVolta - NeoVolta designs, develops, and manufactures utility-bill reducing residential energy storage batteries capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate chemistry, the NV14 is equipped with a solar rechargeable 14.4 kWh battery, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. By storing energy instead of sending it back to the grid, consumers can protect themselves against blackouts, avoid expensive peak demand electricity rates charged by utility companies when solar panels aren’t producing, and get one step closer to grid independence.
For more information visit: http://www.neovolta.com email us: IR@NeoVolta.com or call us: 858-239-2029
Forward-Looking Statements: Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the future performance, reliability, and safety of NeoVolta’s NV14 storage system. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the "Risk Factors" section of NeoVolta’s Form 1-A filing filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.