Company profile

Palmetto

Palmetto has secured $670 million in total funding through multiple rounds, including $150 million (Mar 2023), $375 million (Feb 2022), $80 million (Feb 2021), and earlier Series A and B rounds totaling over $50 million. In January 2025, the company raised an additional $1.2 billion in conventional debt from Morgan Stanley and Truist to expand its clean-energy operations. Founded in 2009 and headquartered in Charleston, Palmetto provides residential solar, battery-storage, and energy-savings tools, helping homeowners transition to sustainable power while financing large-scale solar adoption across the U.S.