Founded in 1925, Bonnell Motors is a trusted new and used automobile seller exterior of Boston. As the automotive trade will increase its give attention to electrical autos, Bonnell Motors has invested within the set up of charging stations for dealerships and the general public. Installing a photo voltaic system was a pure subsequent step for Bonnell’s transition to wash power.
Millions of companies are deterred from going photo voltaic resulting from excessive upfront prices and restricted availability of conventional financial institution financing. But by working with Sunstone, Bonnell Motors shortly acquired the $1 million in funding it wanted to pay for its photo voltaic system. Bonnell Motors and Sunstone Credit labored with 621 Energy, a Concord, Massachusetts-based builder, proprietor, operator, and servicer of photo voltaic photovoltaic programs for companies and nonprofits, to finish the set up course of in simply in three months.
“We thought-about quite a few options to cut back our carbon footprint and save on utility prices, and going photo voltaic appeared like the right reply” mentioned Steven Bonnell, President of Bonnell Motors. “By partnering with Sunstone Credit, we have been in a position to make the transition a lot simpler than we thought. From financing to set up, the method has by no means been simpler, and we instantly began saving hundreds on our invoice in electrical energy.
Bonnell Motors was initially linked to Sunstone by means of 621 Energy, which is a member of Sunstone’s intensive community of main trade channel companions, masking all 50 states. Sunstone continues to develop its inexpensive financing choices by means of its best-in-class on-line platform to swimsuit the varied borrowing wants of companies of all sizes. By 2023, it’s going to exceed half a billion {dollars} in initiated mortgage purposes throughout the US.
“Electricity manufacturing is the one largest contributor to greenhouse gasoline emissions worldwide” added Josh Goldberg, CEO of Sunstone Credit. “If thousands and thousands of companies throughout the nation have higher entry to photo voltaic financing, the potential for lowering the local weather impression of electrical energy era is big. We are honored to be part of Bonnell Motors’ journey to power independence.
The information comes on the heels of Sunstone asserting a program with M&T Bank and a partnership with DLL to provide extra companies entry to easy, inexpensive photo voltaic financing. Sunstone Credit additionally not too long ago opened its co-headquarters in Baltimore to develop photo voltaic entry within the Mid-Atlantic.
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