NeoVolta Reports Q4 Sales Surge As Popular NV14 Home Solar Energy Storage Battery Shows Near Six-Figure Gross Revenues Over Last Six Weeks

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.

Related Article: NeoVolta Experiencing Continued Wave of Revenue Growth in Q2 FY 2024, Following Company’s Solar Energy Storage Sales Surge to End 2023

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

 

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