A startup raised $50 million to accelerate its expansion of heat pump installations throughout the U.S.
Business Wire stated that Jetson, a home electrification company, announced $50 million in Series A funding to support its “vertically integrated platform for fast, affordable residential electrification.”
Jetson’s mission is to replace older HVAC units that rely on fossil fuels with energy-efficient heat pumps that utilize existing ductwork to cool and heat homes. Its target area is North America, as an estimated 46% of households in Canada and the U.S. still depend on gas furnaces, noted Business Wire.
“Heat pumps have worked for decades, but their cost and complexity have put them out of reach of most homeowners,” co-founder and CEO of Jetson, Stephen Lake, said. “We’re removing the friction by making the process digital, fast, and affordable while fully managing the purchase from start to finish. This funding will help us quickly bring this experience to more homeowners across the U.S. and Canada.”
Smart upgrades that slash monthly energy bills
Upgrading your home’s heating and cooling system is one of the best ways to reduce your energy bills while decreasing your environmental footprint. TCD’s HVAC Explorer is a great resource, helping you understand your HVAC options and save up 50% on your energy bills with a new, efficient HVAC system.
• Mitsubishi can help you find efficient heating and cooling solutions for your home and connect you with trusted installers
• Not ready to spend up front? Palmetto’s $0-down HVAC leasing program can lower your energy costs by up to 50%
• TCD’s HVAC Explorer makes it easy to access exclusive offers from preferred partners
For homeowners leaning toward a leasing program, Palmetto’s HVAC leases start as low as $99 per month. They also include 12 years of free maintenance, saving you even more over the lifetime of your heat pump.
As you electrify your home, adding solar panels is a great way to further reduce your utility costs. If you’re looking to go solar, TCD’s Solar Explorer can help you find the best solar system for your home and budget, saving you up to $10,000 on installations.
Palmetto also rewards you for upgrading your home with different eco-friendly changes. The free Palmetto Home app lets you unlock up to $5,000 in rewards to spend on home upgrades just by completing challenges, such as cutting down on your home energy use.
“Jetson is delivering the future of residential electrification, starting with heat pumps,” Ryan Gibson, an investor at Eclipse, said. “This is all driven by a veteran technology team that has previously built extremely advanced hardware and software products, now going after transforming old-line industries.”
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