New NeoVolta partnership to help finance residential energy storage

LinkedIn
Twitter
Reddit
Facebook
Email

San Diego-based home battery storage company NeoVolta has partnered with finance platform Mosaic to help homeowners finance domestic energy storage installations.

Through the partnership, the sustainable home improvements finance platform, Mosaic, will offer customers finance options for NeoVolta’s standalone Battery Energy Storage System (BESS).

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Funding will be available to households with or without solar panels and the technology will be offered in newly generated quotes for interested homeowners, added NeoVolta.

The company’s NV14 storage system uses lithium-iron phosphate, a non-flammable and non-toxic alternative to Lithium-ion for its battery chemistry.

“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 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.”

Mosaic has provided $14 billion in loans for residential solar and sustainable home Improvements to-date.

The announcement follows on from a state-backed financing scheme for home batteries in the state of Vermont being extended in light of growing customer demand and increasing extreme weather events, covered by Energy-Storage.news a few weeks ago.

NeoVolta operates in the US and listed on the Nasdaq last year, but raised less than planned amidst “tough capital markets”, as CFO Steve Bond described it in comments provided to Energy-Storage.news at the time.

A few months later the company secured large orders for a network of charging stations run by EOS Linx and then a network of pain management clinics to be deployed by American Development Partners (ADP).

Read Next

February 5, 2025
EDP Renewables North America has announced a land purchase agreement for the 75MWac, 300MWh Edgeware energy storage project in St. Thomas, Ontario, CA. Meanwhile, SolarBank has announced its first BESS in the province, with construction expected to commence 10 February.
January 29, 2025
System integrator and project developer On.Energy has closed a US$77.6 million construction credit agreement with Pathward, NA and BridgePeak Energy Capital to build its 160MWh Palo de Agua battery energy storage system (BESS) portfolio.
January 27, 2025
Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.
January 14, 2025
Developer Boralex and its partner Walpole Island First Nation have announced a CA$172 million (US$119 million) financing for the 80MW/320MWh Tilbury battery energy storage system (BESS).
January 8, 2025
US battery storage developer Key Capture Energy (KCE) has begun commercial operations for two 100MW battery energy storage system (BESS) projects in Texas.

Most Popular

Email Newsletter