NeoVolta Inc. (NASDAQ: NEOV), a prominent provider of advanced energy storage solutions, has announced a strategic joint venture with Store Energy California. This collaboration is set to introduce state-of-the-art battery storage systems to low-income households throughout California, leveraging state-funded incentive programs to provide these essential technologies at no cost, thereby enhancing energy security and resilience for many families.
Empowering Communities Through Innovative Partnerships
The partnership between NeoVolta and Store Energy California is designed to assist low-income families in utilizing government programs for the installation of battery storage systems in their homes. NeoVolta will supply their advanced batteries, celebrated for their longevity and safety due to superior Lithium Iron Phosphate (LiFe) chemistry. Store Energy California will facilitate the process by connecting homeowners with certified installers and managing the application and completion of state-funded incentive programs.
Store Energy California aims to reach approximately 1.3 million low-income homeowners in California. Eligibility is based on households earning between 50% to 80% of the Area Median Income (AMI) for their region, as defined by the California Department of Housing and Community Development (HCD). These households may qualify for various state assistance programs designed to support low-income residents.
NeoVolta CEO Ardes Johnson commented, “Partnering with Store Energy California allows us to ensure that low-income families can benefit from these programs, providing them with reliable and continuous power. As a California-based manufacturer, we take pride in supporting our local communities with our high-quality, safe, and durable battery storage solutions.”
A Commitment to Continuous Power and Safety
In 2023, every customer of Southern California Edison Electric Company experienced at least one power outage. This partnership directly addresses this issue by providing reliable power solutions to keep families safe and connected. NeoVolta’s batteries are engineered to offer uninterrupted power during outages, giving homeowners peace of mind.
Ryan Green, CEO of Store Energy California, stated, “Our mission is to ensure Californians remain powered and safe through state-funded incentive programs. By collaborating with NeoVolta, we can extend these benefits to more families, especially those in low-income households. This partnership embodies Californians supporting Californians, and we are thrilled to bring these advantages to our communities.”
Get Involved and Learn More
This initiative commenced this month and will continue as long as state-funded incentive programs are available. To determine eligibility for this program or to obtain more information, visit: Rebates for Homeowners & Solar Dealers (neovolta.com).
For additional information, please visit: Stay powered & safe with California SGIP | Store Energy California.
About NeoVolta
NeoVolta designs, manufactures, and sells advanced energy storage systems with a focus on safety, reliability, and longevity. As a California-based company, NeoVolta is committed to supporting local communities with cutting-edge energy solutions.
About Store Energy California
Store Energy California is dedicated to connecting homeowners with certified installers and managing the application and completion of state-funded incentive programs, making it easier for families to access vital energy storage solutions.
For more information, visit: NeoVolta, email: IR@NeoVolta.com
