Palmetto Stock
| Valuation | $1.03B1, 2 |
| Valuation Date | Feb 24, 2022 |
| Implied Valuation | n/a |
| Last Price | $3.54 |
| 52-Week High | $5.05 |
| 52-Week Low | $3.12 |
| YTD Return | +12.38% |
| 1-Year Return | +2.02% |
| 3-Year Return | -34.93% |
| Total Funding | $560M |
| Latest Round Amount | $150M3 |
| Latest Round | Series C ext. |
| Funding Rounds | 4 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Palmetto
Palmetto is a consumer energy platform that helps homeowners install and pay for rooftop solar, home batteries, heat pumps and backup generators. It does not run its own installation crews. Instead it operates a digital marketplace that matches households with vetted local contractors, while its software handles design, permitting, financing, monitoring and long-term service. Palmetto makes money mainly through LightReach, its third-party ownership arm, which owns the equipment and charges customers a fixed monthly payment under solar leases and power purchase agreements. Those systems are funded with institutional capital, and the federal investment tax credits they generate are sold on to corporate buyers. The company also licenses software and APIs to installers and other clean energy businesses.
Invest in Palmetto
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News
Palmetto launches standalone residential battery subscription plan
pv magazine reports that Palmetto's new Energy Backup Plan offers storage as a service on a 12-year lease from about $98 per month. The company is targeting the roughly 4 million US rooftop solar owne...
Palmetto Launches Energy Backup Plan Battery Subscription
Palmetto introduced the Energy Backup Plan, a $0-down 12-year battery lease subscription now available in 25 states, targeting homeowners seeking backup power without large upfront costs.
Palmetto Launches Energy Backup Plan to Make Whole-Home Battery Backup Accessible to Consumers
Palmetto launched a battery-only leasing product that gives homeowners whole-home backup storage with no upfront payment on a 12-year subscription. The plan is live in 25 states and is open to househo...
Why We Invested in Palmetto
Greensoil PropTech Ventures announced an investment in Palmetto and set out its thesis on the company's asset-light consumer energy platform. The firm cited more than a million customer accounts acros...
Finturf Partners with Palmetto to Expand Clean Energy Financing for Contractors
Finturf integrated Palmetto's clean energy financing into its contractor sales platform. The partnership gives HVAC and home-improvement contractors streamlined access to Palmetto financing within a s...
Palmetto and Quilt Put Heat Pumps Within Reach For American Families Nationwide
Heat pump maker Quilt partnered with Palmetto to offer the Palmetto Comfort Plan to customers of Quilt's certified installer partners. The plan bundles installation, maintenance, annual service and an...
Palmetto Mobilizes $300M in Investment Tax Credit Transfers
Palmetto completed a $300 million investment tax credit transfer to two Fortune 1000 partners, expanding its capital markets strategy to fund residential solar and storage deployment.
Palmetto Mobilizes $300 Million in ITC Transfers as Corporate Demand for Transferable Clean-Energy Credits Accelerates
Palmetto completed a $300 million transfer of federal Investment Tax Credits to two Fortune 1000 partners. Proceeds fund the deployment of residential solar and storage systems on its platform.
Enerflo, Palmetto offer battery-only lease product for residential installers
Enerflo integrated Palmetto Energy Backup, a battery-only third-party ownership lease, into its sales platform so installers can offer standalone storage subscriptions.
Palmetto Closes $250 Million Investment Tax Credit Purchase with Fortune 500 Buyer
Palmetto sold $250 million of Investment Tax Credits to a Fortune 500 company, an early milestone in its capital markets strategy. The company said the proceeds accelerate delivery of solar and storag...
SUNation Energy Enters Strategic Financing Agreement With Palmetto to Support Residential Solar Growth in 2026
RONKONKOMA, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- SUNation Energy Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power solutions for res...
Peloton CFO Coddington Leaving for Solar Energy Company Palmetto
In her new role, Coddington said she plans to strengthen Palmetto's profit metrics, improve working capital and tighten financial controls.
PALMETTO APPOINTS LIZ CODDINGTON AS CHIEF FINANCIAL OFFICER
Peloton CFO brings deep experience scaling consumer and technology-driven businesses to expand access to affordable, reliable energy CHARLOTTE, N.C., Feb. 5, 2026 /PRNewswire/ -- Palmetto, America's l...
Palmetto Welcomes Clean Energy Visionary Jigar Shah to Advisory Board
Palmetto added Jigar Shah, the SunEdison co-founder and former head of the US Department of Energy's Loan Programs Office, to its advisory board. The company framed the appointment as support for its ...
Palmetto Launches Groundbreaking Smart Energy App at Climate Week NYC as Official Energy Partner
Palmetto introduced a consumer smart energy app at Climate Week NYC, where it served as official energy partner. The app lets households monitor and manage solar production, storage and home energy us...
Palmetto Secures $1.2B to Supercharge U.S. Residential Clean Energy Financing
Palmetto raised more than $1.2 billion from Morgan Stanley, Truist and other institutions to fund its LightReach residential lease and power purchase agreement plans for 2024 and 2025. The company sai...
Neil Chatterjee, Former FERC Chairman, Joins Palmetto to Lead Government Affairs Team
Palmetto hired Neil Chatterjee, a former chairman of the Federal Energy Regulatory Commission, to lead its government affairs team. He had previously served as an adviser to the company.
Palmetto Announces New Headquarters in Charlotte, North Carolina
Palmetto moved its headquarters from Charleston, South Carolina to a 200-person office in Charlotte's South End. The company said it would keep offices in Charleston and San Francisco and continue to ...
Palmetto Closes $150 Million Investment from TPG Rise Climate
Palmetto raised $150 million from TPG Rise Climate to expand its software platform beyond solar into storage, EV charging and other home electrification products. Terms of the investment were not disc...
Palmetto Raises $375 Million to Accelerate Residential Clean Energy Independence
Palmetto announced a roughly $375 million Series C led by Social Capital, with ArcTern Ventures, Gaingels, Lerer Hippeau and MacKinnon Bennett also taking part. Bloomberg reported the round valued the...