Homeowner Slashes Power Consumption by Half with Energy Storage System Install

NeoVolta’s NV14 Reduced Net Consumption by Half Over Same Billing Period One Year Ago

For most San Diegans, finding a “surprise” in the utility bill is all too familiar—SDG&E’s rates are the highest in California and among the highest in the country. But one local homeowner recently got a welcome surprise: His household is consuming half the energy it did a year ago.

During the same billing period last year with existing solar, nearly 400 kilowatt-hours (kWh) of electricity was delivered to the house from SDG&E. This time, his net consumption was only 192 kWh.  The difference? The NeoVolta NV14 energy storage system, which uses solar power generated during the daytime to power the home throughout the evening.

With house guests visiting the entire month, net consumption was less than half despite a 50%+ increase in home occupants.

NeoVolta designed its NV14 home energy storage system to help homeowners reap the financial benefits of solar. It can connect with any residential installation, new or existing, AC or DC solar. Energy generated during the daytime can be stored in the NV14’s clean, cobalt-free battery and used during evening “peak demand” hours when utility rates are often twice as high. The system’s inverter can be coupled to a DC panel for greater efficiency and additional savings. And in the event of a blackout, the NV14 will disconnect from the grid and power a home’s critical loads indefinitely.

“This is a perfect case study in using solar plus storage to score a big win for homeowners,” said Brent Willson, CEO of NeoVolta. “And keep in mind that this a relatively low-use customer. For households with higher energy usage, the NV14 will bring an even more dramatic reduction and cost savings.”

About NeoVolta

NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with Lithium-Iron Phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta NV14 is equipped with a solar rechargeable 14.4 kWh battery system, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge, and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.

For more information visit: NeoVolta.com email us: [email protected] or call us: 858-239-2029


Forward-Looking Statements

Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget,“ scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.