EnergySage’s new partnership offers solar financing for businesses
EnergySage and Sunstone Credit announced a partnership to advance a shared mission to accelerate and facilitate enterprise adoption and ownership of solar energy. This partnership will make it easier for companies, including non-profits, to understand their solar system financing options and apply for a solar loan without friction by leveraging the best-in-class platforms offered by both EnergySage and Sunstone.
As inflation and utility rates continue to rise, and as investors, lenders and customers increasingly demand sustainable solutions, companies across the country are exploring solar energy as a way to save money and reduce their carbon footprint. For nearly a decade, EnergySage has been helping people make smarter energy decisions through education, simplicity, transparency and choice. Now, through the partnership with Sunstone, any business or property owner that registers with EnergySage to compare custom solar energy system quotes has access to financing through Sunstone’s range of low-cost, long-term loan solutions.
“Historically, getting a solar system loan has been a major barrier for most businesses and nonprofits,” said Charlie Hadlow, VP of Market Growth at EnergySage. “Small and medium-sized businesses have been overlooked and understaffed by our industry for too long, despite their massive impact on the economy, their potential to combat climate change and the many benefits of switching to solar as a business. By partnering with Sunstone, EnergySage can offer any company interested in solar energy through our marketplace, a financing solution that covers 100% of the cost. It’s a real game-changer for a relatively untapped segment of the market.”
The commercial solar market size in the US is estimated to be over $1 trillion but has seen only 2% penetration so far. This is largely due to limited access to solar property, which is often the most economical option for entrepreneurs as it allows them to take full advantage of the tax incentives and energy savings available. Without the availability of solar loans, companies would have to pay cash for their system or navigate the considerable complexity of government-sponsored loan programs and third-party schemes. Sunstone’s borrower-friendly loan financing solutions will enable more businesses to leverage all the benefits of solar ownership, including utility and tax savings, energy independence and environmental sustainability.
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