San Diego, CA, April 12, 2022 – NeoVolta Inc. (OTCQB: NEOV, “NeoVolta”), manufacturer of Smart Energy Storage Solutions, announced that its NV14 energy storage system has been listed as one of the most affordable solar batteries in the U.S. in EnergySage’s latest semiannual Solar Marketplace Intel Report. The report analyzed millions of data points generated by quotes sent to U.S. homeowners shopping on EnergySage.com in 2021 for solar panels and storage systems.
NeoVolta’s NV14 cost per kilowatt-hour was lower than 20 other listed brands in the report, beating out several high-profile brands such as Sonnen, Enphase Energy, LG Energy Solution, Generac, Panasonic, and SunPower. Tesla was the least expensive option on the basis of installed cost per kilowatt-hour stored. NeoVolta came in a close second, at 2.6% higher than Tesla. The optional NeoVolta NV24 add-on battery (not included in the EnergySage report) expands the NV14’s high storage capacity from 14.4 kWh to 24.0 kWh, making it an even more cost-effective option than the Tesla Powerwall.
Besides cost per kWh, there are other factors to consider when purchasing an energy storage system, including the inverter power, battery life, safety, and compatibility. NeoVolta’s 7.7 kilowatts of continuous power discharge is about 50% higher than most competitors in its class, so it can handle more electrical loads simultaneously. Its battery life of 6,000 cycles, one of the highest on the residential energy storage market, translates to 16.5 years of useful life (50% longer than ordinary 4,000-cycle batteries). NeoVolta storage uses safe, nonflammable lithium iron phosphate battery technology and is compatible with any solar system—new or existing, AC or DC.
“Installed cost per kilowatt-hour is an important consideration, and we’re very pleased to have our NV14 ranked number two out of 22 brands by EnergySage,” said Brent Willson, CEO of NeoVolta. “But if you compare us against number one, there’s much more to the story. The NeoVolta NV14 has a more powerful inverter, a higher storage capacity, and a longer life span—all with an advanced battery chemistry that’s engineered for safety. On top of that, the NV14 can be upgraded to an NV24 to get to a lower kWh cost than the Tesla Powerwall.”