EnergySage and Sunstone Credit score introduced a partnership to additional a shared mission of accelerating and facilitating photo voltaic adoption and possession amongst companies. This partnership will make it simpler for companies, together with nonprofits, to grasp their choices for financing a photo voltaic system, and to use for a photo voltaic mortgage with out friction by leveraging the best-in-class platforms provided by each EnergySage and Sunstone.
As inflation and utility charges proceed to rise, and as buyers, lenders and clients more and more demand sustainable options, companies throughout the nation are exploring photo voltaic as a manner to save cash and scale back their carbon footprint. For almost a decade, EnergySage has been serving to folks make smarter power selections via schooling, simplicity, transparency and selection. Now, via the partnership with Sunstone, any enterprise or property proprietor that registers with EnergySage to comparison-shop customized quotes for a photo voltaic power system could have entry to financing by way of Sunstone’s suite of low-rate, long-term mortgage options.
“Traditionally, getting a mortgage for a photo voltaic power system has been a significant barrier for many companies and nonprofits,” stated Charlie Hadlow, VP of market progress at EnergySage. “Small and medium-sized companies have been neglected and underserved for too lengthy by our business regardless of their monumental affect on the financial system, their potential to assist fight climate-change, and the various advantages of switching to photo voltaic as a enterprise. By teaming up with Sunstone, EnergySage is ready to quote any enterprise eager about going photo voltaic via our market, a financing answer that’ll cowl 100% of the associated fee. It’s an actual game-changer for a comparatively untapped section of the market.”
The market measurement for industrial photo voltaic within the U.S. is estimated at over $1 trillion, however thus far has solely seen 2% penetration. That is due largely to restricted entry to photo voltaic possession, which is commonly probably the most economical possibility for enterprise house owners because it permits them to take full benefit of the out there tax incentives and power financial savings. With out the supply of loans for photo voltaic, companies would want to pay money for his or her system or navigate the appreciable complexities of government-sponsored lending applications and third-party-owned preparations. Sunstone’s borrower-friendly mortgage financing options will allow extra companies to reap all the advantages of photo voltaic possession together with utility and tax invoice financial savings, power independence and environmental sustainability.
Information merchandise from EnergySage
