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By providing affordable investment alternatives for the installation of residential solar panels, the firm try permitting a lot more property owners to save cash on the monthly stamina costs and reduce their carbon impact.
Best known because of its Pupil lending organization, CommonBond revealed the Solar financing providers in “covert setting” into the Q3 2021 that’s already towards pace doing $step one million out-of Solar power originations in the 2022.
“We’ve got founded most useful-in-class credit tech which allows price, simplicity, and you may coupons to possess people within the several tool kinds,” said David Klein , Ceo & Co-Founder regarding CommonBond. “All of our objective has been to provide the users which have differentiated products which fulfill its growing financials needs, and Solar was the next big unit at the measure.”
- 77% of the customers has a property or propose to get one contained in this 36 months of refinancing their student loan toward providers
- Their extensible financing tech allows for rapid tool innovation so you can meet the developing needs of its users and fill unmet need in the industry
- New impact from Solar power – and ESG alot more generally – are in line with CommonBond’s purpose to greatly help customers and then have wide perception. Within the very first complete year of Solar originations, CommonBond wants to reduce the need for this new burning from 100 million lbs of coal
“Home-based roof solar generation is amongst the finest indicates to minimize the carbon footprint, however, use could have been reduced than it needs to be,” told you Robb Granado , Chairman off CommonBond. “We think you to definitely costs and you can sense are two biggest obstacles in order to home-based solar adoptionmonBond has generated an alternate number of prospective to have Solar Installers and you can Property owners to address men and women barriers.”
There are three straight ways solar contractors work at CommonBond to increase transformation speed and send best in classification services on the consumers:
- API-situated part off business integrations to possess a totally included conversion process and you may financing sense
- Net and you will application-dependent section of purchases websites for installers in order to easily and quickly availableness CommonBond capital choices
- Integrations that have top solar offer generation devices
“All of our tech reduces charges for each other contractors and you will people. In addition to amicable solution we have been noted for is an inhale out-of instant same day payday loans online Hawaii oxygen for everyone,” told you Granado.
CommonBond consistently achieves a keen 80+ net promoter score (NPS) certainly the users, and therefore throws CommonBond one of several earth’s ideal provider labels. Early residential solar power customers are larger promoters of one’s brand and possess showcased trick dimensions of the latest CommonBond giving, along with “higher rate”, “expert solution”, “an easy task to focus on”, and “reliable”.