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By giving reasonable resource choices for the installation of residential solar panels, the company is actually permitting far more people to save money on their month-to-month energy expenses and reduce their carbon impact.
Most popular for its College student lending team, CommonBond launched its Solar power financing company in the “covert form” into the Q3 2021 in fact it is already toward rate to accomplish $step one billion out of Solar power originations into the 2022.
“There is mainly based greatest-in-classification lending technical which enables rate, ease, and offers to have consumers during the numerous device classes,” said David Klein , Ceo & Co-Maker out of CommonBond. “Our objective has become to incorporate our very own people that have classified items that meet their growing financials requires, and you will Solar power is all of our 2nd huge equipment on measure.”
- 77% of the users possess a property or decide to get one contained in this three-years out of refinancing its education loan into organization
- Their extensible credit tech allows for rapid equipment development in order to meet with the growing demands of its users in order to fill unmet need on the market
- The new feeling out-of Solar – and you will ESG much more broadly – try in line with CommonBond’s goal to simply help users as well as have broad effect. Within its very first full season of Solar power originations, CommonBond needs to reduce the necessity for the newest burning from one hundred million weight away from coal
“Residential roof solar power age bracket is among the most useful means to reduce their carbon dioxide footprint, but use has been slow than simply it should be,” told you Robb Granado , President regarding CommonBond. “We think one to cost and feeling are a couple of biggest barriers so you can residential solar adoptionmonBond has built a separate set of capabilities for Solar Installers and you can Residents to address men and women obstacles.”
You’ll find 3 ways solar power installers work on CommonBond to boost sales velocity and you can submit finest in classification provider on the people:
- API-built part regarding profit integrations to possess a fully provided transformation and you may investment feel
- Internet and you will app-created area of deals websites having contractors so you’re able to quickly and easily supply CommonBond financing choices
- Integrations having leading solar proposal generation systems
“All of our technical lowers charges for each other installers and you will property owners. And the friendly service our company is known for are a breathing regarding outdoors for everybody,” told you Granado.
CommonBond consistently hits an 80+ online promoter score (NPS) one of the users, which leaves CommonBond one of the earth’s ideal solution brands. Very early residential solar power customers are large promoters of your brand name and has showcased trick proportions of the fresh new CommonBond providing, as well as “higher speed”, “advanced level solution”, “simple to manage”, and you may “reliable”.
