Commercial lending platform Sunstone credit has released a new loan specifically designed for standalone commercial energy storage: SOL.
Sunstone’s SOL offers businesses of all sizes an easy and affordable way to purchase battery storage systems and associated upgrades without having to pay any cash upfront. Key features include:
- Competitive financing with a fixed interest rate and predictable monthly payments
- Conditions up to 10 years or the guaranteed battery life
- Streamlined application and acceptance process for speed and efficiency
- Custom financing for projects from $50,000 to $6 million
- Availability for both standalone battery projects and upgrades of existing solar installations
“We are excited to unveil SOL as the next phase in the evolution of our business model,” said Josh Goldberg, co-founder and CEO of Sunstone Credit. “Sunstone’s mission is to finance the entire energy transition for commercial customers and we look forward to further enhancing our offering of financing products to meet these generation opportunities.”
By financing their project with Sunstone, most companies can also take advantage of the 30% federal investment tax credit for energy storage, available through 2033, as well as depreciation benefits and, in some cases, state-level incentives.
SOL joins Sunstone’s existing suite of commercial lending products, including financing for solar, solar + storage, electric vehicle and rooftop charging, and the Express loan for projects under $600,000.
News item from Sunstone
