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M&T Bank, Sunstone Credit Partner on Solar Financing Program for Businesses

April 26, 2024, 07:00 AM
Filed Under: Energy

Sunstone Credit, a commercial solar loan platform that helps businesses switch to clean energy, announced a program with M&T Bank to give more businesses access to easy, affordable solar financing.

Despite the advantages and incentives for businesses to go solar, most companies lack access to loan financing for solar installations, forcing them to pay cash or forgo switching to clean energy altogether. By collaborating with M&T Bank, a top 20 commercial bank in the United States, Sunstone will expand access to its simple, cost-effective loan financing, helping more businesses afford solar systems.

“Sunstone has an incredible track record and depth of expertise in solar financing, and we’re thrilled to team up with them to support businesses’ growing interest in adopting clean energy,” said Jeff Balcom, Senior Director of Business Banking Credit at M&T Bank. “This program will give our clients easier and faster access to straightforward, competitive solar financing options from an established fintech leader.”

Sunstone’s installer network spans across all 50 states, and the company continues to expand its affordable financing options via its best-in-class online platform to suit varying borrowing needs for businesses of all sizes. In 2023, Sunstone surpassed half a billion dollars in initiated loan applications across the U.S.

“Through our program with M&T, we’re poised to make it easier than ever for businesses to pivot to solar energy,” said Josh Goldberg, co-founder and CEO of Sunstone Credit. “Having such a well-regarded banking partner in our corner will accelerate our growth, and the growth of the commercial solar market, in a really meaningful way.”

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