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By giving sensible investment alternatives for the installation of residential solar panels, the business is helping far more people to save money on the monthly fuel expenses and reduce their carbon impact.
Best-known for its Scholar lending business, CommonBond revealed its Solar power investment providers when you look at the “stealth form” when you look at the Q3 2021 and that is currently on the pace to do $1 billion of Solar originations for the 2022.
“We have depending most useful-in-category credit technical that enables rates, ease, and you may discounts to have users within the multiple unit groups,” told you David Klein , President & Co-Inventor from CommonBond. “All of our goal has become to provide our consumers with differentiated products that satisfy their evolving financials need, and you can Solar power was our very own second larger tool at size.”
- 77% of its people provides property or decide to acquire one within three years regarding refinancing its student loan towards providers
- The company’s extensible lending technology makes it possible for rapid device invention so you can meet with the developing requires of its consumers and complete unmet requires in the business
- The newest effect out-of Solar – and ESG a whole lot more broadly – is actually in keeping with CommonBond’s goal to aid users and have now large impact. In basic complete season away from Solar power originations, CommonBond wants to reduce the need for the new consuming away from a hundred mil pounds regarding coal
“Domestic roof solar power age bracket is just one of the top implies to reduce the carbon dioxide impact, however, adoption might have been more sluggish than it needs to be,” told you Robb Granado , President of CommonBond. “We believe that pricing and you can feel are a couple of big barriers so you can domestic solar adoptionmonBond has built another type of group of possibilities for Solar power Contractors and Residents to deal with those obstacles.”
You’ll find three straight ways solar power installers run CommonBond to increase sales speed and you will deliver finest in class service on their people:
- API-established point from sale integrations for a completely included conversion process and you may financing feel
- Web and you can software-situated part from sales websites to have installers so you can quickly and easily availableness CommonBond funding possibilities
- Integrations with top solar power suggestion age group products
“Our tech lowers costs for both installers and people. Therefore the friendly solution we are noted for are an inhale of oxygen for all,” said Granado.
CommonBond regularly reaches a keen 80+ internet supporter rating (NPS) certainly one of its customers, and therefore throws CommonBond among earth’s top provider brands. Very early home-based solar power clients are larger promoters of one’s brand and enjoys highlighted secret dimensions of the fresh new CommonBond providing, along with “higher speed”, “advanced service”, “easy to work on”, and you can “reliable”.