Elephant Energy

What Elephant Energy does

Elephant Energy is a home electrification services company founded in 2021 and headquartered in Broomfield, Colorado. The company designs, sells, and installs residential heat pumps (ducted and ductless mini-splits), heat pump water heaters, solar systems, and complementary electrification upgrades including EV chargers, induction stoves, electrical panel upgrades, and insulation/air sealing. Its primary customers are individual residential homeowners seeking to replace fossil-fuel heating and cooling systems, with a secondary focus on income-qualified households served through equity programs in partnership with nonprofits such as Groundwork Denver and Energy Outreach Colorado.

The company's platform is software-driven, combining a proprietary sizing methodology—developed from over 2,000 installations—with vertical integration of design, permitting, rebate management, and project management. This approach allows Elephant Energy to apply utility and state rebates upfront (ranging from $800 to $20,000 per project) and offer financing starting at 0% APR through Synchrony, RENU, GoGreen Financing, and the Massachusetts Heat Loan Program, materially reducing customer out-of-pocket cost. Pricing for a heat pump plus water heater installation ranges from $17,500 to $40,000, with every installation backed by a 10-year performance guarantee covering system performance between -5°F and 95°F. Revenue is generated primarily through hardware sales and bundled professional services, with channel relationships spanning utility rebate programs (Xcel Energy, LADWP, Mass Save, Colorado Energy Office, Efficiency Works) and equipment partners (Mitsubishi Diamond Dealer).

Elephant Energy has expanded rapidly from a single Colorado install in 2021 to a multi-state operator with active markets in the Colorado Front Range, Massachusetts (Boston area, with a Westborough regional office), and Los Angeles, completing its 2,000th project in 2025. The company employs approximately 70 teammates and has raised approximately $12.3 million in disclosed funding across a $3.5 million seed round led by Building Ventures (November 2022) and subsequent SEC-exempt securities offerings in 2024 and 2025. It is B Corp certified (2024), a Mass Save Heat Pump Leader Network installer, and was ranked #1 in the medium category of the Denver Business Journal Fast 50 Awards in 2025.

Name

Elephant Energy

Legal name

Elephant Energy, Inc.

Website

https://elephantenergy.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Elephant Energy is a home electrification platform that designs, installs, and finances residential heat pumps, heat pump water heaters, and solar systems for homeowners across Colorado, Massachusetts, and Los Angeles, using proprietary sizing software to lower customer costs.

Ownership category

akta.pro rank

Product category

Home Electrification Services

akta.pro primary industry

Residential HVAC System Installation (Furnace/AC/Heat Pump) (HSAOAGAA)

akta.pro secondary industries

Heat Pump Repair & Maintenance (HSAOAHAD), Tank Water Heater Installation & Replacement (HSAOACAA)

Keywords

• Home electrification services
• Heat pump installation
• Residential HVAC services
• Heat pump water heaters
• Solar installation services

Headquarters

HQ city

Broomfield

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Equipment Sales: Revenue from selling and installing heat pump heating/cooling systems and heat pump water heaters. Hardware sales constitute a significant portion of revenue from equipment installation projects.
2. Installation and Project Management Services: Professional services revenue from end-to-end project management including system design, permitting, installation coordination, and rebate navigation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Elephant Energy installs residential heat pumps (ducted and ductless mini-split systems), heat pump water heaters, and rooftop solar, and provides supporting electrification upgrades such as panel upgrades, EV chargers, induction stoves, and insulation/air sealing. Each project is managed end-to-end by a single project manager who handles system design, permitting, rebate application, and installation coordination with local trade partners.

Product overview

Elephant Energy is a home electrification services company offering a comprehensive suite of products centered on heat pump technology. Their core offerings include Heat Pumps (ducted and ductless/mini-split systems for heating and cooling), Heat Pump Water Heaters, and Solar installations. These primary products work together as an integrated home modernization approach, where heat pumps replace traditional furnaces and air conditioners, heat pump water heaters provide efficient hot water, and solar with battery storage increases energy resiliency. The company also offers complementary add-on services including insulation and air sealing, EV charger installation, induction stove installation, electrical panel upgrades, and comprehensive rebate management. All installations are backed by a 10-year Performance Guarantee. The company operates as a certified B Corp and serves homeowners in Colorado, Massachusetts, and Los Angeles through a process of free estimate, expert consultation with Home Comfort Advisors, and concierge project management through installation.

Differentiator

Problem solved

Functional benefit

Products and services

• Heat Pumps

Quantifiable outcome

• 95,333 tons of CO2 offset through installations
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• TreehousecoreStrategic or Co-development PartnerStrategic partner providing electrical work services for installations. Described as a key partner in Elephant Energy's service delivery model.
• CD JonescoreImplementation/ SI/ Consulting PartnerPartnered on installation services, contributing to the company's installation capacity and local market coverage.
• MitsubishicoreTechnology or IntegrationDiamond Dealer partner supplying heat pump equipment. Provides preferred access to Mitsubishi heat pump products and potentially volume pricing.
• WattCarbonminorStrategic or Co-development PartnerPartnership to monetize carbon reductions generated by installations, enabling additional value capture from electrification projects.
• Groundwork DenverminorStrategic or Co-development PartnerNonprofit partnership for equity-focused work, enabling access to income-qualified customers and subsidized installation programs.
• Energy Outreach ColoradominorStrategic or Co-development PartnerNonprofit partnership supporting low-income energy programs in Colorado, facilitating equity-focused installations.
• Xcel EnergycoreOthersUtility rebate program partner providing rebates to Colorado customers. Works with Elephant Energy to facilitate customer access to Xcel Energy efficiency incentives.
• LADWPcoreOthersLos Angeles Department of Water and Power rebate program partner for LA market installations.
• Mass SavecoreOthersMassachusetts statewide energy efficiency program partner providing rebates for heat pump installations in Massachusetts markets.
• Colorado Energy OfficecoreOthersState government energy office rebate program partner for Colorado installations.
• Efficiency WorksminorOthersLocal energy efficiency program partner, likely serving Fort Collins/Loveland area markets.

Scale indicators12 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Sealed: Sealed is a direct competitor — a home electrification platform that designs, funds, and manages insulation, heating, cooling, and solar upgrades for homeowners. Uses data-driven home assessments and rebate management similar to Elephant Energy.
• BlocPower: BlocPower is a direct competitor providing building electrification services for residential and small commercial properties, with software-driven project management and utility partnerships, though historically stronger in multifamily than single-family.
• Dandelion Energy: Dandelion Energy is a direct peer offering residential geothermal heat pump installations with a vertically-integrated model. Recently expanded into air-source heat pumps, increasingly competing head-to-head with Elephant's offerings.
• Renu Energy: Renu Energy is a regional heat pump and solar installer serving the Carolinas, offering turnkey home electrification with rebate and financing support. Comparable service model though geographically focused.

Emerging players

• EnergySage: EnergySage is an emerging player and marketplace where homeowners compare quotes from heat pump, solar, and battery installers. They list Elephant Energy as a top-rated installer (5.0 rating) and represent both a partner channel and competitive marketplace dynamic.

Regional players

• PosiGen: PosiGen provides residential solar and energy efficiency upgrades with a focus on low-to-moderate income households, similar to Elephant's equity program. Operates primarily in the Southeast US with a leasing/PPA model.

Broad incumbents

• Mitsubishi Electric Trane HVAC US: Mitsubishi Electric Trane is the broad incumbent manufacturer of the heat pump equipment Elephant installs. They run a Diamond Dealer network and have direct interest in shaping the residential electrification installer market.
• Carrier: Carrier is a broad incumbent HVAC manufacturer expanding aggressively into heat pumps and offering installer programs that compete with Diamond Dealer networks. Relevant as both a potential equipment partner and competitive threat.

Others

• Mass Save Heat Pump Leader Network: Mass Save is the Massachusetts statewide energy efficiency program that certifies installers (including Elephant Energy) and administers rebates. Functions as both a critical channel partner and an aggregator of competing installers in the MA market.
• Rewiring America: Rewiring America is a non-profit electrification advocacy organization that builds consumer-facing tools (including a calculator used for IRA rebates) and partners with installers like Elephant Energy. An ecosystem enabler rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elephant-energy-us
• Xx.com/elephant_energy
• Facebookfacebook.com/elephantenergyus

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elephant Energy