Palmetto gets $20 million credit line for its solar and energy efficiency installation marketplace

For homeowners that want to go green, but have trouble figuring out how to do it, Palmetto Clean Technologies has the answer. The company has an army of salespeople to pitch the benefits of solar power and energy efficiency, and will connect would-be clean energy consumers with financing options, installers, and software to monitor and manage their equipment. What Palmetto lacked, until the new $20 million credit line it has received from the utility-backed investment firm, Energy Impact Partners, is a way to smooth its revenues while it fronted the costs of solar panel acquisitions and installation. “One of the big problems that we’re solving for in our industry is the Chinese wall between project finance and corporate finance,” says Chris …