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
Codes and Standards | Jan 6, 2022
Virginia contractors having a tough time finding diverse subs to meet state goals
Survey of primes may indicate similar issues at federal level.
Codes and Standards | Jan 5, 2022
Boston drops parking requirements for affordable housing
Measure expected to spur new projects.
Codes and Standards | Jan 4, 2022
Dept. of Energy Better Climate Challenge aims for 50% GHG emission reduction by 2030
Program offers technical assistance and peer-to-peer knowledge sharing.
Codes and Standards | Jan 4, 2022
Architects at New York firm take steps to unionize
Support for unionization reported at two other New York firms.
Codes and Standards | Jan 3, 2022
Biden’s executive order for a carbon-neutral government includes green materials mandate
As a driver of demand, federal procurement impact could ripple through the economy.
Codes and Standards | Jan 3, 2022
Controversial California solar power incentive proposal would reduce subsidies
Plan intended to encourage customers to install power storage systems.
Codes and Standards | Jan 3, 2022
New York City bans new gas hookups
Applies to gas stoves, boilers, and heaters in new buildings and buildings that undergo gut renovations.
Codes and Standards | Jan 3, 2022
New engineering guide on fire safety for very tall buildings released
Topics include emergency egress, fire resistance, building envelope, suppression, detection, alarms, and smoke control.
Codes and Standards | Dec 22, 2021
Updated ASCE 7-22 standard includes first-ever criteria for tornado-resistant design
New document provides up-to-date, coordinated loading provisions for general structural design.
Codes and Standards | Dec 21, 2021
Outdated and redundant building codes plague St. Louis area development
Region’s combined codes nearly double the length of the IRS Code.
