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Sunstone Credit Finances Bonnell Motors' $1 Million Transition to Solar Energy
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc., a commercial solar loan platform that helps businesses switch to clean energy, today announced a partnership with Bonnell Motors, a family owned and operated Ford dealership in Winchester, Massachusetts, to finance the dealership's $1 million transition to solar power.
Founded in 1925, Bonnell Motors is a trusted new and used car dealership outside of Boston. As the automotive industry has increased its focus on electric vehicles, Bonnell Motors made the investment to install charging stations for the dealership and the public to use. Installing a solar system was a natural next step for Bonnell's transition to clean energy.
Millions of businesses are prevented from going solar due to high upfront costs and limited availability of traditional bank financing. But by working with Sunstone, Bonnell Motors quickly received the $1 million in financing it needed to pay for its solar system. Bonnell Motors and Sunstone Credit worked with 621 Energy, a Concord, Massachusetts-based ...