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By providing affordable financial support options for the installation of solar energy panels, the organization is helping much more residents to save money to their month-to-month fuel costs and relieve the carbon impact.
Best known because of its Student lending business, CommonBond circulated their Solar power resource organization in the “stealth setting” during the Q3 2021 and that is already with the speed doing $step 1 billion of Solar originations within the 2022.
“We’ve based better-in-class financing tech enabling speed, ease, and you can offers to own customers in numerous device groups,” said David Klein , Chief executive officer & Co-Maker out of CommonBond. “Our goal is definitely to include all of our users which have differentiated products that see their evolving financials need, and Solar are the 2nd huge unit in the measure.”
- 77% of their users possess a house otherwise plan to acquire one inside 36 months from refinancing the student loan to your business
- Their extensible credit technology makes it possible for fast unit invention so you can meet with the changing requires of the consumers and also to fill unmet means in the business
- The latest perception off Solar – and you will ESG alot more broadly – is actually consistent with CommonBond’s goal to assist consumers and possess wide impact. In basic complete 12 months of Solar originations, CommonBond needs to reduce the need for the newest burning from 100 million lbs from coal
“Residential roof solar age group is among the top means to reduce your carbon dioxide impact, however, adoption has been more sluggish than simply it ought to be,” told you Robb Granado , President of CommonBond. “We feel one to prices and you will awareness are two big obstacles to home-based solar power adoptionmonBond has built an alternative number of possibilities to possess Solar Contractors and you will Property owners to handle those individuals barriers.”
Discover three ways solar installers work at CommonBond to improve conversion process velocity and you can deliver best in classification service to their customers:
- API-founded section from selling integrations for a completely integrated sales and you can financial support experience
- Net and you may application-created part off sale portals for contractors to easily and quickly availability CommonBond investment solutions
- Integrations with best solar power proposal age group equipment
“All of our tech reduces charges for one another contractors and you can residents. Together with friendly service we’re recognized for is actually an inhale from fresh air for everyone,” said Granado.
CommonBond regularly hits an enthusiastic 80+ websites promoter get (NPS) one of the people, hence places CommonBond among the earth’s better solution brands. Early domestic solar power customers are big promoters of one’s brand and provides highlighted trick dimensions of the new CommonBond offering, along with “higher price”, “sophisticated service”, “an easy task to work on”, and you can “reliable”.