Sunstone Credit Partners with King Energy on Solar Financing
In an exciting development for businesses seeking clean energy solutions, Sunstone Credit has successfully completed financing for its third commercial and industrial solar program portfolio, partnering with King Energy. This collaboration aims to provide low-cost, sustainable energy to over 300 businesses across 15 retail properties, significantly benefitting local communities.
Expanding Clean Energy Access
Through this groundbreaking solar initiative, Sunstone Credit and King Energy aim to install and manage robust solar programs that will deliver over 5 MWdc of distributed solar capacity. This deployment is expected to generate more than 8,000 MWh of electricity annually. A significant portion of this energy will support tenants in low and medium-income communities, bringing considerable relief to those facing high energy costs.
The Community Impact
Rooftop solar installations stand out as one of the most efficient methods for small businesses to tackle escalating energy expenses while aligning with sustainability goals. By merging Sunstone's exceptional financing capabilities with King Energy's innovative multi-tenant solar approach, this partnership sets out to enhance access to clean energy economically and effectively.
Business Growth Through Affordability
Josh Goldberg, the Co-Founder and CEO of Sunstone Credit, highlighted the importance of making affordable solar solutions available to everyday businesses. "This portfolio showcases how specialized financing and effective partnerships can notably scale clean energy access," he stated. Goldberg emphasized that their collaboration with King Energy allows them to cater to hundreds of tenants who will benefit from reduced and more predictable energy costs.
Innovative Solar Solutions
King Energy has established itself as a leader in developing solar systems specifically designed for multi-tenant commercial properties. Utilizing virtual net metering alongside its innovative OneBill™ platform, the company simplifies tenant engagement by consolidating utility and solar charges into a single transaction. This process not only enhances tenant participation but also enables property owners to increase revenue without facing extra operational challenges.
Strategic Collaborations for Sustainable Energy
According to John Witchel, CEO of King Energy, this partnership exemplifies the effectiveness of strategic collaborations. "With Sunstone's robust financing platform, we can make commercial solar implementation practical, helping property owners and tenants alike achieve financial savings through long-term energy programs," he shared.
The partnership between Sunstone and King Energy reinforces their mutual belief that rooftop solar offers an accessible pathway to affordable and clean energy solutions in local commercial districts. Both companies are committed to further expanding the footprint of solar energy in the business sector.
About Sunstone Credit
Sunstone Credit is dedicated to empowering businesses with the tools and resources they need to embrace solar energy. By leveraging technology, finance, and an expert network of solar developers, Sunstone offers comprehensive solar loan products tailored to fit the needs of diverse businesses. Their platform champions affordability and transparency, ensuring that businesses can seamlessly transition to solar energy.
About King Energy
King Energy transforms underutilized rooftop spaces into valuable energy assets while supporting commercial property owners and tenants. As a leading name in multi-tenant commercial solar systems, King Energy specializes in installing and operating solar and battery systems at no cost to property owners. Their innovative OneBill™ platform streamlines tenant billing and ensures a hassle-free experience for both property owners and their tenants, continuously providing savings.
Frequently Asked Questions
What is the aim of Sunstone Credit and King Energy's partnership?
The partnership aims to provide clean and affordable solar energy to over 300 businesses, particularly benefiting low to medium-income communities.
How much solar capacity is expected from the program?
The solar program is expected to provide more than 5 MWdc of distributed solar capacity, generating over 8,000 MWh of electricity annually.
What advantages do rooftop solar installations offer to businesses?
Rooftop solar installations help businesses reduce energy costs and contribute to sustainability goals.
What benefits does the OneBill™ platform provide?
The OneBill™ platform simplifies billing by consolidating solar and utility charges into a single transaction, making participation easier for tenants.
How does Sunstone comply with businesses’ financing needs?
Sunstone provides tailored solar loan products that are affordable, easy to understand, and have flexible terms to support various businesses in going solar.
