San Diego-based home solar battery storage leader – recognized as Solar Power World’s Top Solar Storage Products for three years running – Booked $917,000 in Six Weeks
SAN DIEGO, CA November 13, 2023 – (NASDAQ: NEOV) – NeoVolta Inc. – a San Diego-based manufacturer of Smart Energy Storage Solutions – today announced that it is already nearing $1,000,000 in gross revenue for 2023 Q4, marking a tremendous 60% growth year over year.
“We are seeing a strong rebound in revenue now that the impacts of COVID 19 are receding and delays from installer implementation post California’s Net Energy Metering 3 (NEM3), which went into effect April 14, 2023. New orders, after 3 consecutive quarters of moderate growth, are expected to gain increased momentum in the current quarter,” said Brent Willson, CEO at NeoVolta Inc. “Additionally, NeoVolta has seen a significant increase in solar installer applications in the past two months,” Willson added.
NeoVolta is proud to include new installers as part of a new direct marketing campaign that is gaining traction.
“We see that the independent solar dealer/installers had to make changes in the new NEM3 environment, and we are welcoming them as certified installers of NeoVolta home energy storage solution – a growing must in home solar energy solutions,” Willson added.
NeoVolta’s NV14 system was recognized as one of Solar Power World’s Top Solar Storage Products for the third year in a row. The company also earned accolades in April 2022, as the NV14 was named one of the most affordable solar batteries in the U.S. in EnergySage’s latest semi-annual Solar Marketplace Intel Report.