Palmetto enters New York residential solar market, provides PlugPV as a subsidiary

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By Chris Crowell April 11, 2022 View Profile

Clean energy market Palmetto is coming into the New York State residential energy market. Currently ranked eleventh, the New York market sometimes ranks among the many high ten U.S. solar markets, in accordance with the Solar Energy Industries Association.

In New York State, $7.7 billion has been invested in solar (as of quarter 4, 2021) and to this point, over 150,000 residential solar installations have been accomplished. This contributes in direction of New York State’s objective to make use of 70% renewable energy by 2030.

Palmetto’s platform is customer-driven. Interested clear energy clients get quotes and solar installers of their community get the leads, however Palmetto retains the client relationship. Palmetto says its strategy reduces delicate prices and drives demand by providing decrease costs and higher service to customers.

To speed up its market penetration within the New York market, Palmetto joined up with New York-based operator PlugPV, now a Palmetto subsidiary. The firm can be providing residential solar pricing and offering the choice for electrical automobile charger set up. PlugPV’s management staff will proceed to function autonomously of their operations whereas integrating Palmetto’s software program capabilities.

“We are reaching a point whereby we’re extremely geographically diversified, which brings many benefits to our platform model,” stated Chris Kemper, Palmetto Chairman, Founder, and CEO. “The solar market is a fluid policy environment, which can be difficult for operators without diversification. We welcome the expansion to New York which helps us take one more step towards a well-designed, diversified portfolio of geographical market distribution.”

“When we looked at market and product expansion, we found a tremendous synergy with one of the best-in-class operators, PlugPV, which we expect to maintain and support as a wholly-owned subsidiary and key partner in a handful of markets, including New York,” Kemper contonies. “It’s a meaningful partnership with best-in-class operations that can help us scale and deliver a better consumer experience.”

“We’re excited to join forces with Palmetto to bring best-in-class renewables to consumers across the country,” stated Shane Nolan, PlugPV CFO & Co-founder. “Shifting the energy paradigm in the United States will take companies like Palmetto and ours working together to accelerate the transition to clean energy.”

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Tags: Palmetto

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