New updates have been reported about Palmetto.
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Palmetto has completed a $300 million Investment Tax Credit transfer with two Fortune 1000 counterparties, advancing its capital markets strategy to channel corporate balance sheets into residential solar and storage deployment across the U.S. The transaction strengthens Palmetto’s position as a scaled, repeat issuer in the rapidly expanding market for transferable clean-energy tax credits, giving the company additional liquidity to fund customer projects and support national expansion.
Management expects the proceeds to accelerate installation of solar and storage systems that cut household energy costs and improve resilience amid rising consumer energy burdens. Founder and CEO Chris Kemper said that each dollar monetized through these transfers directly finances projects that lower bills and move families toward energy independence, underscoring the strategic link between tax-credit monetization and core business growth. The deal also signals continued corporate demand for reliable, standardized ITC transactions, positioning Palmetto to benefit from a transferable tax-credit services market projected to reach roughly $74 billion by 2026.