NeoVolta Continues to Expand Dealer Network, Including Some of the Top Solar Installers in the State
San Diego, CA, October 27, 2020 – NEOVOLTA INC. (OTCQB: NEOV) – NeoVolta, manufacturer of Smart Energy Storage Systems, has grown its California distribution network to 34 dealers—and counting. While expanding from Southern California into Northern California in 2020, the company has doubled production and plans to quadruple capacity by the end of this year.
NeoVolta’s expanding dealer network comes at a time of record demand for home energy storage. Despite the Covid-19 pandemic, the U.S. residential energy storage market posted its second-best quarter ever during Q2 2020. Industry analysts predict that 2020 will double the home battery capacity installed in 2019.
Leading the way in residential storage is California, which has long been the nation’s solar energy leader. The state currently produces enough solar to power 7.7 million homes. That number will skyrocket thanks to the California solar mandate that went into effect at the start of 2020, requiring rooftop solar in most new home construction. Crippling blackouts related to wildfires and extreme heat statewide are also causing many homeowners to purchase storage systems as a means of energy resilience.
The NeoVolta NV14, chosen as a Solar Power World top storage product of 2019, delivers a storage capacity of 14.4 kilowatt-hours and 7.7 kilowatts of continuous power discharge. That high storage capacity can be scaled up to 24.0 kWh with the optional NV24 add-on battery, without the expense of an additional inverter. All NeoVolta systems are engineered with advanced lithium iron phosphate chemistry, a safer and longer-lasting alternative to ordinary lithium ion.
“Even with the massive disruptions of 2020, NeoVolta continues to see very strong growth in our home state of California,” said CEO Brent Willson. “We’re very pleased that many of the state’s leading solar installers have chosen to align themselves with our product.”