Industrial lending platform Sunstone Credit has launched a brand new mortgage designed particularly for standalone industrial vitality storage: SOL.
Sunstone’s SOL offers companies of all sizes with a simple and inexpensive strategy to buy battery storage techniques 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 software and underwriting course of for velocity and effectivity
- Financing tailor-made for initiatives from $50,000 to $6 million
- Availability for each standalone battery initiatives and upgrades to current photo voltaic installations
“We’re thrilled to unveil SOL as the subsequent stage within the evolution of our enterprise mannequin,” mentioned Josh Goldberg, co-founder and CEO of Sunstone Credit score. “Sunstone’s mission is to finance all the vitality transition for industrial clients and we sit up for persevering with to reinforce our suite of financing merchandise to fulfill this generational alternative.”
By financing their mission with Sunstone, most companies can even seize the 30% federal funding tax credit score for vitality storage, accessible by way of 2033, in addition to depreciation advantages and, in some circumstances, state-level incentives.
SOL joins Sunstone’s current suite of business mortgage merchandise, which incorporates financing for photo voltaic, photo voltaic + storage, EV charging and roofs, and the Express Loan for initiatives underneath $600,000.
Information merchandise from Sunstone
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