NeoVolta joins Californian state subsidy program to offer battery storage for low-income homes

Neovolta, a San Diego-based energy storage solution company, has announced a joint venture with Store Energy California, aiming to bring subsidized residential storage to low-income households in the state.

The joint venture aims to raise awareness of California’s incentives and rebates via Store Energy California with NeoVolta providing its batteries to households via installers. On NeoVolta’s website, the company notes it can help homeowners work with approved contractors to claim the SGIP incentives.

NeoVolta’s standalone battery energy storage system is offered in a residential-focused product, the NeoVolta NV14. This lithium iron phosphate (LFP)-based battery system has a capacity of 14.4 kWh, which can be expanded to 24.0 kWh with an add-on product called the NV24, which offers 9.6 kWh of storage.

The N14 and N24 are made in NeoVolta’s manufacturing base in Poway, in San Diego County. The N14 comes with an inbuilt inverter thanks to a five-year agreement with an inverter partner, announced in 2021.

“By partnering with Store Energy California, we are making it easier for low-income families to benefit from these programs, ensuring they have reliable and continuous power,” said NeoVolta CEO Ardes Johnson.

Store Energy California works with a program funded by the state called the California Self-Generation Incentive Program (SGIP) and its Residential Storage Equity Program. The offer is for almost or completely free home battery storage systems to qualifying low-income households in California.

SGIP has received more than $1 billion in funding, focusing on preparation for future wildfire seasons, and aims to fit 1.3 million low-income homeowners with storage. A resident does not need a solar system in place to be able to add storage.

The rebate, which may rise to as high as $1,000 per kWh depending on total incentives, functions as a reimbursement paid upon project completion. Store Energy California notes some installers may pay upfront costs for residents to open up availability.

“By working with NeoVolta, we are ensuring that more families can stay powered and safe, particularly those in low-income households,” said Ryan Green, CEO of Store Energy California.