Nyc , /PRNewswire/ — CommonBond, a groundbreaking Fintech business, announces today the new launch of the the brand new Solar power resource team

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Giving reasonable resource choices for installing solar power systems, the business was enabling even more residents to save cash on the monthly electricity statement and relieve its carbon footprint.

Best-known for the Pupil financing company, CommonBond circulated its Solar power investment team inside the “stealth function” when you look at the Q3 2021 and that is already towards pace doing $step one mil from Solar power originations from inside the 2022.

“We now have founded best-in-class credit tech that allows rate, ease, and discounts having customers during the multiple product groups,” said David Klein , Chief executive officer & Co-Founder from CommonBond. “Our very own goal has become to provide the consumers that have classified products which see their evolving financials needs, and you can Solar power are our very own second larger tool at the level.”

• 77% of their people have a home otherwise propose to acquire one in this three years regarding refinancing its education loan on the organization
• The business’s extensible financing technical allows for quick tool innovation so you can meet the growing demands of its consumers and also to complete unmet demands on the market
• The impression from Solar – and ESG a great deal more broadly – is actually consistent with CommonBond’s purpose to greatly help people and just have wide impact. With its very first full 12 months off Solar originations, CommonBond needs to reduce the necessity for the brand new consuming out-of a hundred mil weight away from coal

“Home-based roof solar age bracket is amongst the best indicates to attenuate your carbon impact, however, use might have been slowly than it must be,” said Robb Granado , President out-of CommonBond. “We believe you to definitely pricing and you may feel are a couple of significant barriers so you’re able to home-based solar adoptionmonBond has established a different sort of band of prospective to have Solar power Contractors and you will Residents to address those individuals barriers.”

You will find three ways solar contractors work at CommonBond to improve transformation acceleration and you can send finest in class service to their people:

1. API-oriented point of product sales integrations having a completely included sales and you may funding sense
2. Web and software-established area out-of revenue websites having installers so you can quickly and easily access CommonBond investment solutions
3. Integrations which have top solar offer age bracket systems

“The tech reduces prices for one another contractors and you may residents. And also the amicable solution our company is noted for is an air of oxygen for all,” said Granado.

CommonBond consistently reaches a keen 80+ web promoter rating (NPS) certainly one of the users, and that throws CommonBond one of many earth’s best provider names. Very early residential solar customers are large marketers of your brand and enjoys highlighted trick proportions of the newest CommonBond giving, also “higher rates”, “advanced service”, “easy to work at”, and you may “reliable”.