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 | Jul 29, 2020
Crackdowns grow on construction firms that fail to follow COVID-19 guidelines
States, cities, and OSHA enforce social distancing, hand-washing regulations.
Codes and Standards | Jul 28, 2020
California utility adopts climate emergency declaration
Sacramento-region company commits to working towards carbon neutrality by 2030.
Codes and Standards | Jul 27, 2020
Updated Energy Plus and OpenStudio building energy modeling tools released
Software offers performance enhancements.
Codes and Standards | Jul 23, 2020
North Carolina will stop relying on FEMA flood mapping
State will identify flood zones on its own.
Codes and Standards | Jul 22, 2020
New version of IAPMO’s Water Demand Calculator is available
Enhanced features include selection between single- and multifamily buildings.
Codes and Standards | Jul 22, 2020
Mobile app calculates sound transmission for wood-framed assemblies
American Wood Council tool for floor-ceiling assemblies.
Codes and Standards | Jul 22, 2020
Architecture billings remain in negative territory, begin to stabilize
Fewer architecture firms report declining billings this month.
Codes and Standards | Jul 20, 2020
N.Y. construction firm to pay $1.5 million to settle sexual harassment claim
Managers said to demand sex for pay and OT opportunities.
Codes and Standards | Jul 16, 2020
Tips to make optimal use of salvaged materials
Integrated teams, staging warehouse, and looking early and often, among recommendations.
Codes and Standards | Jul 15, 2020
Georgia gives the go-ahead for tall mass timber construction
Standards review scheduled to be completed by July 2021.