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By giving affordable financial support choices for the installation of solar panel systems, the company is providing a whole lot more home owners to save cash on their month-to-month electricity bill and relieve its carbon dioxide footprint.
Best known for its College student credit business, CommonBond circulated the Solar investment providers in “covert setting” into the Q3 2021 that is already towards pace doing $step 1 mil regarding Solar originations inside the 2022.
“We’ve got created top-in-group lending technology which enables speed, convenience, and you will discounts getting users inside the multiple device groups,” said David Klein , President & Co-Originator out-of CommonBond. “The mission is definitely to include our people having classified items that meet their evolving financials demands, and you will Solar is actually our second large product on size.”
- 77% of its consumers features a home or plan to acquire one inside three years out of refinancing its student loan to the providers
- The company’s extensible financing technology allows quick device creativity to meet up with the growing means of the people in order to fill unmet need in the market
- The new impression off Solar power – and you can ESG far more generally – is actually in keeping with CommonBond’s objective to greatly help users and possess wide impression. Within the earliest complete seasons out of Solar originations, CommonBond anticipates to attenuate the necessity for Nixa payday loan no credit check the burning off 100 million weight away from coal
“Domestic rooftop solar power age bracket is among the finest ways to minimize your carbon dioxide footprint, however, use has been slower than it must be,” said Robb Granado , Chairman out of CommonBond. “We believe one to pricing and you can awareness are two biggest barriers so you’re able to home-based solar power adoptionmonBond has established a new selection of capabilities to have Solar power Contractors and Residents to handle people obstacles.”
There are three straight ways solar installers run CommonBond to boost conversion process velocity and deliver best in class provider on their people:
- API-created section off deals integrations to possess a totally incorporated conversion and you can financial support experience
- Internet and you can software-situated point away from business portals having installers so you’re able to easily and quickly availability CommonBond investment possibilities
- Integrations with leading solar offer age group tools
“Our very own technology reduces costs for each other contractors and you will residents. In addition to friendly services we are noted for try an air from fresh air for all,” told you Granado.
CommonBond consistently hits an enthusiastic 80+ net supporter get (NPS) among their users, and that sets CommonBond among the many planet’s finest services brands. Early residential solar power clients are large promoters of one’s brand name and have emphasized key size of the CommonBond giving, along with “great price”, “excellent provider”, “easy to work at”, and you may “reliable”.