Launched earlier this year, Rocket Solar provides consulting, system design, financing, installation and ongoing service to homeowners across the United States. Through the new relationship with Rocket Loans, Rocket Solar clients can receive an automated and individualized offer for a solar loan in less than 30 seconds.
“We have invested heavily in creating an entire personal finance experience that leverages artificial intelligence and machine learning to deliver loan offers tailored to the individual – automatically verifying client identity and income with speed and certainty,” said Todd Lunsford, President of Rocket Loans and former Chief Technology Officer for Rocket Mortgage.
Clients utilizing Rocket Solar could achieve an average savings of $1,300 on their electric bill during the first year leveraging solar energy.
“It was incredibly important to Rocket Solar that we partner with a lender who shares the same passion for client service we do,” said Joel Gurman, President of Rocket Solar. “The Rocket Loans platform is able to give our solar clients quick lending decisions and is also extremely flexible to meet the needs of our rapidly growing business. This partnership is the latest example of how Rocket creates technologies to make once-complicated transactions simple – something our clients tell us they really appreciate.”
Founded in 2016, Detroit-based Rocket Loans was created to leverage a single, automated technology platform to offer clients a fast and intuitive experience that would fit any loan product and be tailored to the specific need. Rocket Loans technology determines a clients’ ability to repay the loans, with default rates and loss coverage ratios.
Rocket Solar currently operates in 42 metro areas across the country.
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We discuss everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.