Commercial lending platform Sunstone Credit has released a new loan designed specifically for standalone commercial energy storage: SOL.
Sunstone’s SOL provides businesses of all sizes with an easy and affordable way to purchase battery storage systems and related upgrades without the need for cash upfront. Key features include:
- Competitive, fixed-rate financing with predictable monthly payments
- Terms up to 10 years or the warrantied life of the battery
- Streamlined application and underwriting process for speed and efficiency
- Financing tailored for projects from $50,000 to $6 million
- Availability for both standalone battery projects and upgrades to existing solar installations
“We are thrilled to unveil SOL as the next stage 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 continuing to enhance our suite of financing products to meet this generational opportunity.”
By financing their project with Sunstone, most businesses can also capture 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 loan products, which includes financing for solar, solar + storage, EV charging and roofs, and the Express Loan for projects under $600,000.
News item from Sunstone
