New york , /PRNewswire/ — CommonBond, a pioneering Fintech company, announces today this new discharge of its this new Solar financing company

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By giving affordable investment alternatives for installing solar power panels, the business is actually enabling much more people to save cash on their month-to-month electricity expenses and reduce their carbon footprint.

Best known for its Beginner credit team, CommonBond introduced their Solar funding providers when you look at the “stealth mode” into the Q3 2021 that’s already on the pace https://paydayloanslouisiana.com/cities/vacherie/ to accomplish $1 billion of Solar power originations inside the 2022.

“We’ve established finest-in-category lending technical enabling speed, ease, and you can discounts to have users during the multiple tool kinds,” told you David Klein , Ceo & Co-Maker out of CommonBond. “Our goal is definitely to add the users which have differentiated products that fulfill their evolving financials means, and you will Solar is our second huge device in the measure.”

• 77% of its consumers have property otherwise plan to buy one in this 3 years away from refinancing their student loan towards team
• The company’s extensible lending technology allows fast unit advancement to meet with the developing demands of its people also to complete unmet need on the market
• The new perception off Solar power – and ESG a great deal more broadly – try consistent with CommonBond’s mission to assist consumers and possess wider effect. With its earliest complete year from Solar originations, CommonBond anticipates to reduce the necessity for this new consuming of 100 billion weight away from coal

“Home-based roof solar power age group is among the most readily useful means to minimize the carbon dioxide impact, however, use might have been slower than simply it ought to be,” said Robb Granado , President out-of CommonBond. “We feel one to cost and you will awareness are two biggest obstacles to residential solar power adoptionmonBond has established a special gang of capabilities having Solar power Contractors and you can Homeowners to deal with men and women barriers.”

You’ll find three ways solar power contractors work on CommonBond to improve transformation acceleration and you may deliver finest in group solution on their consumers:

1. API-established point out-of product sales integrations having a completely provided conversion and you will capital sense
2. Net and application-created section of income portals having contractors to help you quickly and easily supply CommonBond financing choice
3. Integrations having best solar proposal generation tools

“Our very own tech lowers prices for each other installers and you can residents. And the amicable service we’re known for try a breathing off oxygen for everyone,” told you Granado.

CommonBond regularly hits a keen 80+ web promoter rating (NPS) one of its customers, and therefore places CommonBond one of many planet’s most useful solution brands. Early domestic solar power customers are large promoters of one’s brand name and have emphasized key size of the CommonBond giving, along with “great rate”, “advanced provider”, “easy to work with”, and “reliable”.