Press Release

Palmetto Announces SOC2 Type1 Certification Completion

CHARLESTON, S.C., August 18, 2021 -- Palmetto, a rapidly growing technology company accelerating the national adoption of clean energy, today announced that the Company has successfully completed its Service Organization Control (SOC)2 Type 1 Compliance Certification. The achievement reinforces Palmetto’s commitment to system controls and design suitability for a service organization relevant to Security, Availability, Confidentiality and Processing Integrity as set forth by the American Institute of CPAs (AICPA). Palmetto is currently scheduled for its initial six month audit to determine SOC2 Type 2 Certification in January 2022.

“It is critical that our customers and partners - current and future - recognize our commitment to excellence in the clean energy marketplace,” stated Chris Kemper, Palmetto Chairman, Founder and Chief Executive Officer. “SOC2 Certification provides that technical reinforcement. Palmetto employees and partners have the professional integrity to ensure that long-term compliance and standards of SOC are continually met.”

SOC2 is a voluntary compliance standard for service organizations, developed by the AICPA, which specifies how organizations should manage customer data. By completing the certification, organizations are assuring customers, financial partners and vendors that strict data controls are in place and effective safeguards are consistently practiced.

Jared Wray, Palmetto Co-Founder and Chief Technology Officer, continued. “SOC certification exemplifies the maturity of Palmetto and where we are going as an energy marketplace - and that we are a long-term player in this evolving industry.”

Recognized by Forbes as one of the fastest-growing private companies in the U.S., Palmetto believes that choosing to source energy from renewable resources should be a right, not a privilege. Palmetto’s proprietary technology, marketplace business model, and consumer mobile application are all designed to simplify and democratize access to clean energy; making it easier and more affordable to make the switch. Palmetto’s system helps homeowners quickly estimate utility costs saved by switching to solar, work with a team of local solar experts to design and install a system that matches their needs, and receive comprehensive, long-term customer support.