Coral automates the management and application of government incentives for energy-efficient upgrades, such as heat pumps and EV chargers, directly at the point of sale. This approach reduces upfront costs for homeowners and simplifies rebate filing for contractors, resulting in lower monthly payments and increased sales conversion rates.
Funding
$150K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Homeowners face high upfront costs for energy-efficient upgrades like heat pumps and EV chargers due to the complexities and delays associated with government incentives and rebates. Contractors also struggle with the cumbersome process of managing and filing for these incentives, hindering sales and slowing adoption of sustainable technologies.
Solution
Coral provides a platform that automates the application of government incentives for energy-efficient upgrades directly at the point of sale. By instantly applying rebates and tax credits, Coral reduces upfront costs for homeowners, making sustainable upgrades more accessible. The platform also streamlines data collection, organization, and filing for contractors, simplifying the rebate process and increasing sales conversion rates. Coral enables contractors to guarantee net prices to customers, factoring in incentives on the spot through a streamlined payment experience.
Target Audience
Coral's primary customers are contractors specializing in energy-efficient upgrades, distributors of sustainable equipment, manufacturers of HVAC and EV charging products, and retailers offering these solutions to homeowners.
Features
- Instant application of rebates and tax credits at the point of sale, lowering upfront costs for homeowners.
- Automated data collection, organization, and filing for government incentives.
- Real-time eligibility determination for incentives, enabling accurate net pricing.
- Streamlined payment experience for contractors and homeowners.
- Solutions tailored for contractors, distributors, manufacturers, and retailers.