According to a recent LinkedIn post from Palmetto, the company is working with Enerflo to introduce Palmetto Energy Backup, described as a battery‑only third‑party ownership lease integrated into Enerflo’s proposal and financing platform. The post suggests this structure is designed to let solar installers add battery storage to homes with existing solar systems through a subscription model rather than cash purchases or loans.
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The company’s LinkedIn post highlights that the lease is positioned to cover battery equipment, installation, and ongoing maintenance, potentially simplifying adoption for homeowners while creating add‑on revenue opportunities for installers. For investors, this move may indicate Palmetto’s effort to monetize the existing installed solar base, deepen relationships with installation partners, and participate in growing demand for residential energy storage, which could support recurring revenue and strengthen its competitive position in distributed energy services.