Palmetto

Palmetto is a prominent clean energy company based in Charlotte, North Carolina, specializing in solar energy solutions for residential customers. Founded in 2010, the company, formerly known as Ecologic Solutions, is dedicated to making clean energy accessible and beneficial for homeowners across the United States. Palmetto offers a range of services to facilitate the transition to solar energy. These include options for purchasing solar panels, customized solar energy plans tailored to individual household needs, and protection services for long-term maintenance of solar systems. The company also features an innovative Clean Energy Operating Platform™, which enhances the sale and adoption of clean energy solutions through full-stack applications and an energy intelligence API. With a focus on sustainability and energy efficiency, Palmetto is committed to helping customers harness renewable energy and optimize their energy usage.

Information Technology & Services Charlotte, United States Founded 2010 ~395 employees

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Employees
395
+2.3% in the 3 months to Jun 2025
Revenue / employee
$147K
Revenue ~$58M
Total funding
$1.9B
Last round Jan 2025
12-month attrition
28.9%
Tech: 41.1%
H1B filings, FY2025
4
Sponsors visas
Open jobs
15
Last 30 days

Headcount trend

Palmetto went from 451 employees in Jul 2023 to 395 in Jun 2025. Jan to Jun 2025: 24 people joined, 20 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other175
Operations110
Sales37
Engineering33
Finance22
Success6
Marketing4
HR3

Hiring now

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Salaries at Palmetto

All salaries

11 salary profiles in the US

Pay by level, gender and ethnicity

H-1B sponsorship

H-1B Sponsorship Limited
H-1B Filings by Department
Finance2
Engineering1
Operations1

Funding

  • Jan 2025 · $1.2B
  • Mar 2023 · $150M · TPG Rise Climate
  • Feb 2022 · Series C · $375M · Social Capital, ArcTern Ventures, Gaingels
  • Feb 2021 · Convertible Note · $80M
  • Aug 2020 · Series B · $29M · Evergy Ventures, Arctern Ventures, Greycroft
  • Feb 2019 · Debt Financing · $20M · Energy Impact Partners
  • Sep 2018 · Series A · $6M · BoxGroup, Greycroft, Lerer Hippeau

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Palmetto FAQ

How many employees does Palmetto have?

Palmetto has about 395 employees, up 2.3% over the 3 months to Jun 2025.

Does Palmetto sponsor H1B visas?

Yes. Palmetto filed 4 H1B (LCA) applications in FY2025, according to the latest U.S. Department of Labor disclosures. Most of them were for Finance roles.

What is Palmetto's revenue per employee?

Palmetto makes about $147K in revenue per employee, based on $58M annual revenue and 395 employees.

How much does Palmetto pay?

6figr has 11 salary profiles for Palmetto in the US, with pay broken down by role, level, gender and ethnicity on the Palmetto salaries page. See Palmetto salaries

How much funding has Palmetto raised?

Palmetto has raised $1.86B in total funding.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.