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By providing reasonable capital options for installing solar panels, the company is helping significantly more people to save cash on the month-to-month power costs and reduce their carbon footprint.
Most popular because of its College student lending organization, CommonBond revealed their Solar financial support business from inside the “covert function” during the Q3 2021 that’s already on pace to do $1 mil off Solar power originations within the 2022.
“We now have dependent top-in-category credit tech which allows speed, convenience, and you can savings to possess people inside several product classes,” said David Klein , Ceo & Co-Inventor out-of CommonBond. “The mission happens to be to add our customers which have differentiated items that satisfy its growing financials demands, and Solar is our 2nd huge device at the size.”
- 77% of their customers provides a house otherwise decide to get one in this three-years of refinancing its student loan on company
- The business’s extensible lending technical allows rapid tool innovation in order to meet the growing requires of their users in order to fill unmet demands in the market
- This new perception regarding Solar power – and you will ESG so much more generally – is actually in line with CommonBond’s mission to assist consumers as well as have wider feeling. In its first complete year out-of Solar originations, CommonBond expects to reduce the need for new burning of 100 million weight away from coal
“Home-based rooftop solar age group is among the best indicates to minimize your carbon dioxide footprint, however, use has been slower than just it should be,” said Robb Granado , President out-of CommonBond. “We believe you to definitely cost and you can feel are two big obstacles so you can home-based solar adoptionmonBond has built an alternate band of opportunities getting Solar power Installers and you can Homeowners to handle the individuals barriers.”
There are 3 ways solar power installers work with CommonBond to improve conversion acceleration and you may submit finest in class services to their customers:
- API-based point off business integrations getting a completely incorporated conversion and you will financial support sense
- Internet and you may app-built area out of revenue portals to possess installers in order to easily and quickly availableness CommonBond investment options
- Integrations that have best solar proposal age group equipment
“Our technology lowers prices for one another contractors and home owners. Additionally the amicable services we are recognized for try a breathing out of fresh air for everybody,” said Granado.
CommonBond consistently reaches an enthusiastic 80+ online supporter rating (NPS) certainly its customers, and this leaves CommonBond among the many world’s ideal services names. Very early domestic solar clients are huge marketers of brand name and provides emphasized key dimensions of the CommonBond providing, and “higher price”, “excellent provider”, “simple to work with”, and you can “reliable”.
