Business lending platform Sunstone Credit has launched a brand new mortgage designed particularly for standalone business power storage: SOL.
Sunstone’s SOL offers companies of all sizes with a simple and reasonably priced option to buy battery storage programs and associated upgrades with out the necessity for money upfront. Key options embody:
- Aggressive, fixed-rate financing with predictable month-to-month funds
- Phrases as much as 10 years or the warrantied lifetime of the battery
- Streamlined utility and underwriting course of for pace and effectivity
- Financing tailor-made for tasks from $50,000 to $6 million
- Availability for each standalone battery tasks and upgrades to present photo voltaic installations
“We’re thrilled to unveil SOL as the following stage within the evolution of our enterprise mannequin,” stated Josh Goldberg, co-founder and CEO of Sunstone Credit score. “Sunstone’s mission is to finance all the power transition for business prospects and we sit up for persevering with to boost our suite of financing merchandise to fulfill this generational alternative.”
By financing their challenge with Sunstone, most companies can even seize the 30% federal funding tax credit score for power storage, out there by means of 2033, in addition to depreciation advantages and, in some instances, state-level incentives.
SOL joins Sunstone’s present suite of economic mortgage merchandise, which incorporates financing for photo voltaic, photo voltaic + storage, EV charging and roofs, and the Express Loan for tasks underneath $600,000.
Information merchandise from Sunstone
