
Palmetto
Founded Year
2010Stage
Series C - III | AliveTotal Raised
$1.882BLast Raised
$7.18M | 2 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+40 points in the past 30 days
About Palmetto
Palmetto focuses on providing solar energy solutions. The company offers solar panel purchasing, solar energy plans, and protection services for solar systems, HVAC solutions, and financing options such as solar leases, purchases, and subscriptions. It serves the residential clean energy market with its energy modeling platform. Palmetto was formerly known as Ecologic Solutions. It was founded in 2010 and is based in Charlotte, North Carolina.
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Palmetto's Product Videos
ESPs containing Palmetto
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The solar-plus-storage providers market offers integrated solar photovoltaic (PV) and energy storage solutions for residential and commercial customers. These providers design, install, and maintain customized systems that combine solar panels with battery storage, using advanced technology and data analytics to optimize energy efficiency and cost savings. Services include comprehensive project ma…
Palmetto named as Challenger among 15 other companies, including Tesla, Enphase Energy, and Sunrun.
Palmetto's Products & Differentiators
Palmetto Home
Home energy app for making the switch to clean energy and managing energy production/consumption
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Research containing Palmetto
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Palmetto in 2 CB Insights research briefs, most recently on Mar 28, 2024.

Expert Collections containing Palmetto
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Palmetto is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,297 items
Grid and Utility
2,988 items
Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.
Energy Storage
5,442 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Renewable Energy
4,865 items
Latest Palmetto News
Oct 23, 2025
Oct. 16, 2025 Palmetto , a leading provider of clean technology products and services, is helping Americans take control of their energy future with the launch of Palmetto Comfort Plan, a new subscription program removing financial barriers to upgrading essential home systems. With consumer confidence declining again in September, and the current HVAC ownership experience in the United States leaving much to be desired, a majority of customers do not have extended protection or sustained maintenance plans for their system's repair. Palmetto's Comfort Plan empowers homeowners to access modern, energy-efficient HVAC systems without the upfront cost that has long been a barrier. Instead, by leasing the HVAC system, Palmetto customers pay a predictable monthly fee that covers equipment, installation, and service. "Our mission is to make clean, reliable energy as simple and abundant as turning on a light switch," said Chris Kemper, Founder and CEO of Palmetto. "With Comfort Plan, families don't need $15,000 upfront to replace a failing HVAC or upgrade to a more efficient heat pump. We're turning these big, stressful expenses into an easy monthly plan so every household can have the comfort, independence, and resilience they deserve." The new plan from Palmetto is also great for HVAC dealers, opening up new customer segments who may be interested in modernized, service-oriented subscription products, while positioning themselves to support maintenance and servicing requirements for the consumer over a ten or twelve-year span. Beyond residential retrofit applications, the plan is also a great solution for rental property owners, eliminating capital expenditures and reducing cost of ownership associated with maintenance and repairs. Comfort Plan builds on Palmetto's LightReach solar financing program which has already helped tens of thousands of homeowners go solar without upfront cost. Palmetto is extending the same consumer-friendly model to more home energy assets with Comfort Plan, reinforcing its position as the leading home energy marketplace in the U.S. The program is available nationally and in Puerto Rico, beginning today. Comfort Plan customers will also gain access to Palmetto's recently launched new app, which allows homeowners to track energy usage, savings, and system performance in real time. About Palmetto Palmetto is a consumer-obsessed home energy marketplace dedicated to accelerating the transition to a clean energy future. Through a data-driven platform, Palmetto empowers homeowners to understand their energy use, discover personalized savings opportunities, and seamlessly purchase, finance, and manage home electrification and clean energy products and services. By integrating digital tools, proprietary data, and financial products, Palmetto simplifies the complexity of home energy into a single, consumer-first experience. The Palmetto marketplace connects consumers with trusted partners across solar, storage, HVAC, backup power, and energy-efficient appliances, enabling millions of households to save money, gain resilience, and achieve energy independence. A triple-bottom-line company with team members across the U.S., Palmetto prioritizes people, planet, and profit in every aspect of its operations. Its Get Solar, Give Solar program funds renewable energy access for underserved communities worldwide. This News is brought to you by Qube Mark , your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
Palmetto Frequently Asked Questions (FAQ)
When was Palmetto founded?
Palmetto was founded in 2010.
Where is Palmetto's headquarters?
Palmetto's headquarters is located at 1616 Camden Road, Charlotte.
What is Palmetto's latest funding round?
Palmetto's latest funding round is Series C - III.
How much did Palmetto raise?
Palmetto raised a total of $1.882B.
Who are the investors of Palmetto?
Investors of Palmetto include Morgan Stanley, Truist, The Rise Fund, Lerer Hippeau, ArcTern Ventures and 17 more.
Who are Palmetto's competitors?
Competitors of Palmetto include EnergySage and 1 more.
What products does Palmetto offer?
Palmetto's products include Palmetto Home and 4 more.
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Compare Palmetto to Competitors

SolarKal provides commercial solar advisory services in the solar energy sector. The company offers services including portfolio analysis, regulatory approvals, vendor selection, contract negotiations, and project management for solar energy projects. SolarKal serves commercial real estate companies, REITs, Fortune 500 companies, national education organizations, and commercial properties. It was founded in 2015 and is based in Somerville, Massachusetts.
Project Solar provides solar energy solutions within the renewable energy sector. The company offers solar system estimates, including the installation of monocrystalline solar panels and Enphase micro inverters, for homeowners. Project Solar serves the residential sector, providing homeowners with solar installation services and maintenance and warranty plans. It was founded in 2016 and is based in Lehi, Utah.

EnergySage provides an online marketplace for consumers and businesses interested in converting to solar energy. It empowers consumers to make energy decisions. It guides mass-market buyers to request and compare competitive quotes. It was founded in 2009 and is based in Boston, Massachusetts. In 2022, EnergySage was acquired by Schneider Electric.

Black Bear Energy is a technology-enabled, commercial buyer’s representative specializing in onsite renewable energy and cleantech services. The company was founded in 2015 and is based in Boulder, Colorado. On July 19th, 2022, Black Bear Energy was acquired by Legence. The terms of the transaction were not disclosed.
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