Sunstone Credit Expands Solar Accessibility for Businesses of All Sizes with Acquisition of ORKA Finance

Sunstone Credit, Inc., a leading clean energy financing platform facilitating businesses in transitioning to solar power, has officially acquired ORKA Finance, a technology-driven commercial solar lending company.

Driven by financial incentives, a surge in sustainability preferences among customers, and the growing demand for reliable power access, businesses of all sizes are increasingly embracing solar energy. This trend is expected to escalate further in the future. Despite the numerous advantages of solar adoption for businesses, obtaining financing for solar installations has been a challenge for most companies, often leading them to pay in cash, opt for less efficient financing solutions, or forego the benefits of solar entirely.

As the largest commercial solar fintech platform, Sunstone Credit is committed to bridging this financing gap. The platform aims to facilitate more businesses in adopting solar energy by offering straightforward and cost-effective loan financing solutions. Delivered seamlessly at the point of sale through a nationwide network of solar installer partners, Sunstone’s solar finance offerings empower businesses of all sizes to enjoy the significant advantages of solar adoption while owning their solar systems.

The acquisition of ORKA is expected to enhance Sunstone’s capabilities in serving contractors and businesses through its proprietary technology platform. This platform streamlines the financing process for commercial solar projects, making it more accessible and cost-effective for businesses and nonprofit organizations.

Josh Goldberg, CEO and co-founder of Sunstone, commended ORKA’s efficient program in evaluating businesses for solar loans and expressed the company’s commitment to helping more businesses nationwide achieve the same efficiency through this acquisition.

As part of the acquisition agreement, key members of the ORKA team, including founder and CEO Ted Fawcett, will join Sunstone as advisors, further integrating their expertise into Sunstone’s mission.

Ted Fawcett, founder and CEO of ORKA, highlighted the achievements of ORKA in building strong contractor relationships and assisting commercial customers in adopting solar energy. He expressed optimism about joining Sunstone, believing that the acquisition will position them better to achieve their shared mission of making solar accessible to a wider range of businesses.

This acquisition follows Sunstone’s involvement in another strategic move in December 2023 when the company, as part of a consortium of investors, participated in the acquisition of Sunlight Financial, a residential solar financing company.