NeoVolta, manufacturer of Smart Energy Storage Solutions, partners with Sungage Financial
07 Avril 2021 - 12:00PM
InvestorsHub NewsWire
NeoVolta Partners with Sungage
Financial to Provide Homeowners with Affordable Purchasing
Options
Consumers Can Finance a System Over
10 Years at Rates as Low as 0.99%
San Diego, CA -- April 6, 2021
-- InvestorsHub NewsWire -- NeoVolta
Inc. (OTCQB: NEOV) –
NeoVolta
Inc.,
manufacturer
of Smart Energy Storage Solutions, has partnered with
Sungage
Financial
to make
solar energy
storage as affordable as possible
for more homeowners. After considering other
financing options, NeoVolta
chose
Sungage
for
their combination of features
and benefits.
Sungage
finances up to
$50,000 for storage
batteries and
allows 15% of the total for site prep expenses. They offer 5- and
10-year terms with APRs as low as 0.99%. Sungage
also has the
most customer-friendly tax credit deferral, with no penalties or
interest rate charges if repayment is delayed.
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 more homeowners get approved. Finally,
Sungage
has a strong
reputation for exceptional customer service, with phone
calls answered live by
experienced solar professionals.
"Sungage'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."
The partnership
with
Sungage
is expected to
help fuel NeoVolta's
continued
success in the
rapidly growing home energy storage market and was brokered with the
help of NeoVolta's exclusive distribution
partner, PMP Energy." The demand for
NeoVolta has never been greater,"
said PMP Energy's EVP of Sales, Tony Paoli. "Enabling more people
to have access to this technology through a better financing
program made this an ideal collaboration."
Devastating
power
outages throughout
the
country, caused by wildfires and
extreme weather, have underscored
the urgent need for home
backup
power. In recent months,
NeoVolta
has expanded
its installation network across the entire state of California and
into Nevada, Arizona, and Utah.
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
two years in a
row.
About
NeoVolta
-
NeoVolta
designs,
develops and manufactures utility-bill reducing residential energy
storage systems
capable of
powering your home even when the grid goes down. With a focus on
safer Lithium-Iron Phosphate (LiFe(PO4)) chemistry, the 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. By
storing energy instead of sending it back to the grid, consumers
can protect themselves against blackouts, avoid expensive peak
demand electricity rates charged by utility companies when solar
panels aren't producing, and get one step closer to grid
independence. Customers can expand the
NV14's capacity to an industry-leading 24.0 kWh with the
optional NeoVolta
NV24 add-on
battery. NeoVolta
has added
generator compatibility and is working on other industry leading
improvements that will be announced soon.
For
more information visit:
http://www.NeoVolta.com
email us:
IR@NeoVolta.com
or call us:
858-239-2029
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. Forward-looking statements in this press release
include, without limitation, the future performance,
reliability and safety of NeoVolta's
NV14 storage
system and the ability of the NV14 to be successfully integrated
with
residential backup generators. Although
NeoVolta
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. NeoVolta
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
the "Risk Factors" section of NeoVolta's
Form 1-A
filing filed with the Securities and Exchange Commission ("SEC")
and updated from time to time in its other public filings with the
SEC. Any forward-looking statements contained in this release speak
only as of its date. NeoVolta
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.
(USOTC:NEOV)
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