NeoVolta Partners with Mosaic for Solar Battery Storage Financing Options, Fast-Tracks Technology on Anticipation of Growing Power Outage Concerns

San Diego solar battery storage company NeoVolta (Nasdaq:NEOV) partners with Mosaic to help more homeowners finance energy storage purchases and escape the detriments of power outages

SAN DIEGO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- NeoVolta Inc., (NASDAQ: NEOV), a solar battery manufacturer and developer of Smart Energy Storage Solutions, has partnered with sustainable home improvement finance platform Mosaic to offer more homeowners solar energy storage at an affordable rate.

Mosaic, which has funded $14 billion in loans for Residential Solar and Sustainable Home Improvements, will offer finance options for standalone NeoVolta Energy Storage System (ESS) installations with or without solar panels, as well as offer the technology in newly generated quotes for interested homeowners.

To apply, homeowners must first discuss costs with their local installer before completing an online application. The process is fast and easy, with flexible underwriting to ensure homeowners are approved. Homeowner benefits include:

• Competitive APRs and low monthly payments
• No prepayment penalties, hidden costs, or swipe fees

“Mosaic’s financing options will allow more homeowners to enjoy years of utility savings and long-lasting blackout protection with NeoVolta’s energy storage,” said CEO Brent Willson, CEO of NeoVolta. “Our solar storage solutions are a smart investment for homeowners, and it’s never been easier to get started. With Mosaic financing options, NeoVolta’s market is opening up to a much bigger audience. We’re thrilled to partner with a world-class fintech platform for sustainable home improvements.”

The partnership is expected to fuel NeoVolta’s continued success in the rapidly growing home energy storage market and answer the urgent need for home backup power due to environmentally-driven power outages across the country.

NeoVolta storage systems are designed for safety and performance. The company’s flagship NV14 energy storage system uses lithium-iron phosphate battery chemistry, the nonflammable and nontoxic alternative to lithium-ion.

With 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 four years in a row.

About NeoVolta - NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta 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. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.