Financials

Estimates*

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Revenues, earnings & profits over time
USD2017
Revenues9.3m
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DateInvestorsAmountRound
-

N/A

-
N/A

$297k

Debt
N/A

$4.2m

Seed
*

$6.0m

Early VC
N/A

$5.0m

Early VC

$29.0m

Series B
*

$375m

Valuation: $1.0b

Late VC
*

$150m

Growth Equity VC
Total FundingAUD880m

Recent News about Palmetto

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More about Palmettoinfo icon
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Palmetto is a dynamic startup focused on providing solar energy solutions to homeowners across the United States. The company operates in the renewable energy market, specifically targeting residential clients who are looking to reduce their electricity bills and increase the value of their homes through the installation of solar panels. Palmetto's primary service is the installation and maintenance of solar power systems, which allow homeowners to generate their own electricity, thereby reducing reliance on traditional utility companies and lowering monthly energy costs.

The business model of Palmetto is straightforward: it offers solar panel systems and related services to homeowners. The company makes money by selling these systems and providing ongoing maintenance plans. Additionally, Palmetto helps clients take advantage of various financial incentives, such as federal and state tax credits, which can cover up to 26% of the cost of the solar energy system. This not only makes solar energy more affordable but also enhances the return on investment for homeowners.

Palmetto operates in several states with abundant sunshine, including Florida, Texas, Nevada, and California, among others. The company emphasizes the environmental benefits of solar energy, such as reducing greenhouse gas emissions and carbon dioxide, making it an attractive option for eco-conscious consumers. Palmetto also highlights the financial benefits, noting that homes with solar power systems tend to have higher property values and sell more quickly than those without.

In summary, Palmetto is a key player in the residential solar energy market, offering cost-effective and eco-friendly energy solutions that help homeowners save money and increase their property value.

Keywords: Solar Energy, Homeowners, Renewable Energy, Solar Panels, Cost Savings, Property Value, Tax Credits, Maintenance Plans, Eco-Friendly, Residential Market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Palmetto

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