SinglePoint Inc. signed its first funding agreement to supply small-to-medium sized businesses with solar financing.
The company says it is the first financing deal of its kind for solar installations for commercial buildings. The financing agreement with Direct Solar allows the solar installer to finance and install PV systems in one seamless package, according to a news release.
“We have a pipeline of interested businesses that we now have the ability to finance,” says Pablo Diaz, CEO, Direct Solar. “[The small/medium business sector] is a completely untapped market in my opinion with a high chance for major success.”
Up until now, there have been many solar funding options for large scale projects and residential solar projects, but there has not been an easy way to obtain funding for small-to-medium commercial operations, the release says.
Related Stories
| Oct 13, 2022
Boston’s proposed net-zero emissions code has developers concerned
Developers have raised serious concerns over a proposed new energy code by the City of Boston that would require newly constructed buildings over 20,000 sf to immediately hit net-zero emissions goals.
Building Team | Oct 12, 2022
Real estate development practices worsened impact of Hurricane Ian
A century ago, the southwest Florida coast was mostly swamps and shoals, prone to frequent flooding and almost impossible to navigate by boat.
Standards | Oct 11, 2022
Peter Templeton named new USGBC and GBCI president and CEO
The U.S. Green Building Council (USGBC) and Green Business Certification Inc. (GBCI) appointed Peter Templeton as president and CEO.
Legislation | Oct 10, 2022
Chicago’s updated building energy code provides incentives for smart HVAC, water appliances
The Chicago City Council recently passed the 2022 Chicago Energy Transformation Code that is intended to align with the city’s goal of reducing carbon emissions by 62% from 2017 levels by 2040.
Contractors | Oct 6, 2022
Modular construction gets boost from impacts of the pandemic
The impact of the Covid pandemic on the construction industry appears to be fueling demand for modular construction methods, especially in the western U.S. and Canada.
Fire and Life Safety | Oct 4, 2022
Fire safety considerations for cantilevered buildings
Bold cantilevered designs are prevalent today, as developers and architects strive to maximize space, views, and natural light in buildings. Cantilevered structures, however, present a host of challenges for building teams, according to José R. Rivera, PE, Associate Principal and Director of Plumbing and Fire Protection with Lilker.
Resiliency | Sep 30, 2022
Designing buildings for wildfire defensibility
Wold Architects and Engineers' Senior Planner Ryan Downs, AIA, talks about how to make structures and communities more fire-resistant.
| Sep 30, 2022
Lab-grown bricks offer potential low-carbon building material
A team of students at the University of Waterloo in Canada have developed a process to grow bricks using bacteria.
| Sep 27, 2022
New Buildings Institute released the Existing Building Decarbonization Code
New Buildings Institute (NBI) has released the Existing Building Decarbonization Code.
| Sep 22, 2022
Gainesville, Fla., ordinance requires Home Energy Score during rental inspections
The city of Gainesville, Florida was recently recognized by the U.S. Dept. of Energy for an adopted ordinance that requires rental housing to receive a Home Energy Score during rental inspections.