Property inspection software provider Inspectify has acquired Joule, a firm that uses inspection data to generate energy usage insights, executives announced.
Inspectify announced the deal on its website Wednesday, saying the move will allow it to “streamline what is currently a fragmented and inefficient process.”
TAKE THE INMAN INTEL SURVEY FOR MAY
Joule was founded by CEO Heeral Prakash, and this is Inspectify’s second acquisition of 2025. In February it integrated appraisal company Aloft. Now with the Joule deal in place, Inspectify is aiming to become a digital source of truth for the financial and operational data that define residential property value.
“We’ve been working with Heeral already for about three years, and her vision was always that there is a lot of data in an inspection that can replace a stand-alone energy audit,” Inspectify’s Josh Jensen said in a phone call with Inman. “Her product makes a ton of sense for us, it fit what we want to do, and it’s a good home for the tech she built. Joule was looking at the best path to keep growing and with this, we can automate a bunch of workflow round the purchase.”
Using the Home Energy Score created by the U.S. Department of Energy (DOE), Joule’s software derives solutions for energy conservation from common home inspection data. It identifies home systems subject to inefficiency and provides detailed reports accompanied by upgrade recommendations, purchase rebate programs, green financing options and even local contractors able to implement improvements.
Inspectify was approved earlier this year by the DOE to offer formal Home Energy Scores, and the Joule acquisition will bolster its ability to deliver on that offer to customers. Joule is one of only 13 software companies nationwide with such approval.
With the integration already built, inspectors can push their data to Joule to leverage its reporting tools. The union will also help Inspectify expand its reach into traditional consumer sales, as most of its work — close to 15,000 inspections per month, according to Jensen — are on the enterprise side of the industry.
Inspectify offers a way for home inspectors, buyers and other home sale stakeholders to make the property inspection a powerful digital asset to the deal, removing its traditional role as a hurdle to closing or impetus to renegotiate the sale. It offers standardized item input formats with fast, AI-backed item descriptions, cooperation with common industry software products, mobile convenience and easy scheduling and calendar management.
A June 2024 Inman review highlighted the award winning company’s vision for what an inspection can actually become.
“With this acquisition, we’re able to move faster toward a shared vision,” Prakash wrote Wednesday on LinkedIn. “Where homebuyers receive an inspection, appraisal, and energy audit in a single visit — and where energy scores and upgrade pathways are delivered when they matter most.”
