NeoVolta Approved for Partnership by GoodLeap, the Top U.S. Financer for Solar and Sustainable Tech

NeoVolta Approved for Partnership by GoodLeap, the Top U.S. Financer for Solar and Sustainable Tech

San Diego, CA, May 4, 2023 – NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart Energy Storage Solutions, has partnered with the sustainable home improvement finance platform GoodLeap to make solar energy storage as affordable as possible for more homeowners.

GoodLeap will finance standalone NeoVolta Energy Storage System (ESS) installations with or without solar panels. They offer flexible terms and highly competitive rates. As of 2022, GoodLeap was the number one financing platform, responsible for 26% of the entire U.S. residential solar market.

To apply, homeowners can coordinate with their installer on costs and then complete an online application. The process is fast and easy, and the underwriting is very flexible so that more homeowners get approved. Finally, GoodLeap has a strong reputation for exceptional customer service, with phone calls answered live by experienced solar professionals.

“GoodLeap’s low financing rates will allow more homeowners to enjoy years of utility savings and long-lasting blackout protection with NeoVolta energy storage,” said CEO Brent Willson, CEO of NeoVolta. “Our energy storage solutions are a very smart investment, and it’s never been easier to get started. With GoodLeap financing, NeoVolta’s market is opening to a much bigger audience. We are thrilled to be partnering with a world-class provider of sustainable home improvement financing.”

The partnership with GoodLeap is expected to help fuel NeoVolta’s continued success in the rapidly growing home energy storage market.

Devastating power outages throughout the country, caused by wildfires, extreme weather, and an increasingly unstable grid system, have underscored the urgent need for home backup power.

NeoVolta storage systems are designed for safety and performance. They use lithium iron phosphate battery chemistry, the nonflammable and nontoxic alternative to lithium ion. NeoVolta’s flagship NV14 energy storage system has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NV24 battery—without the expense of a second inverter. The system’s inverter discharges 7.7 kilowatts of instantaneous power, more than most mainstream competitors.

For its superior safety, performance and compatibility with any solar system, new or existing, the NV14 has been named one of Solar Power World’s top storage products four years in a row.

About NeoVolta

NeoVolta is a leading innovator in energy storage solutions dedicated to advancing the future of clean energy. Founded to provide reliable, sustainable, and high-performance energy storage systems, the company has quickly established itself as a critical player in the industry. NeoVolta’s flagship products are designed to meet the growing demand for efficient energy management in residential and commercial applications. With a focus on cutting-edge technology and strategic partnerships, NeoVolta is committed to driving progress in renewable energy and enhancing how the world stores and uses power.

For more information visit: NeoVolta.com email us: Contact: Kate Countryman [email protected]  Or call us: 858-239-2349

 

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. Although the Company 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. The Company 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 Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company 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.