NeoVolta Launches a Third-Party-Ownership Financing Platform to Drive Residential and C&I Energy Storage Revenue Growth
Key Highlights
- ➤$40 million financing platform expected to support approximately 700 residential projects
- ➤NV Wave battery platform integrates into TPO offering beginning in November 2026
- ➤NeoVolta plans C&I TPO expansion as Georgia facility ramps production
- ➤Over 50 homes had deployed projects as of September 30
Expert Statements
Ardes Johnson, Chief Executive Officer of NeoVolta
“The residential energy market has changed, but the need for affordable, reliable solar and battery energy storage has not.”
Ardes Johnson, Chief Executive Officer of NeoVolta
“Our TPO platform is built to serve both our residential and C&I customers, and we’re launching it with residential.”
Ardes Johnson, Chief Executive Officer of NeoVolta
“Residential remains a critical piece of our business: a near-term revenue driver as our Georgia manufacturing facility ramps production, and a long-term pillar of our growth and our brand alongside our commercial and utility-scale platforms.”
Ardes Johnson, Chief Executive Officer of NeoVolta
“We also plan to extend the TPO platform to support our C&I product line as production ramps at Pendergrass.”
Ardes Johnson, Chief Executive Officer of NeoVolta
“It is a new way to keep bringing these technologies to customers while expanding NeoVolta beyond equipment sales into deployment and recurring energy services, a natural extension of our Build and Deploy strategy.”
David Field, Chief Executive Officer of Luminia
“The TPO platform brings financing, installation and ongoing support together in one offering, giving customers a simpler and more affordable way to access solar and battery storage without buying and managing the equipment themselves.”
David Field, Chief Executive Officer of Luminia
“By simplifying the process and providing long-term support, we can help more customers take control of their energy costs.”
SAN DIEGO, Oct. 22, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the launch of a third-party-ownership (TPO) financing platform funded by tax equity partners and designed to deploy solar and battery energy storage for both residential and commercial & industrial (C&I) customers. The TPO platform launches with an initial focus on the residential market; NeoVolta plans to extend the platform to support its C&I product line as its domestic manufacturing facility in Pendergrass, Georgia, ramps production.
Key Highlights * Initial $40-million financing platform with tax equity partner expected to support approximately 700 residential storage and solar-plus-storage projects. * Built as a third-party-ownership (TPO) platform for both residential and commercial & industrial (C&I) customers, preserving access to the federal Section 48E tax credit as the market shifts away from cash and loan purchases. * NV Wave, NeoVolta’s next-generation residential battery platform already shipping to customers, will be integrated into the TPO offering beginning in November 2026. * Launches with an initial focus on residential, with plans to extend the platform to NeoVolta’s C&I product line as its Georgia manufacturing facility ramps production. The residential launch comes as the U.S. residential energy storage market continues to shift from cash and loan purchases toward third-party-owned (TPO) structures. Aurora Solar’s 2026 Solar Snapshot survey found 55% of installers now call TPO their leading residential financing option, driven in part by the Section 25D tax credit’s expiration for homeowner-owned systems placed in service after Dec. 31, 2025, while the Section 48E credit remains available to the owner of a third-party-owned system. NeoVolta also plans to begin integrating NV Wave, its next-generation residential battery energy storage product, which has received FEOC compliance confirmation and domestic content certification, into the TPO offering starting in November 2026.
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