SinglePoint (OTCQB: $SING)
Subsidiary Direct Solar America Announces Commercial Referral Agreement with
Dividend Financial, a Leading National Provider of #RenewableEnergy and #Solar
Financial Solutions; @_Singlepoint_
Agreement leverages Dividend's network and
footprint to refer Commercial Projects to Direct Solar America's Capital
Division and its syndication lender network servicing the Commercial Sector
Phoenix, Arizona - June 18, 2020 (Investorideas.com
Newswire) SinglePoint, Inc. (OTCQB: SING) Direct Solar
America broadens its market reach by announcing a referral agreement,
partnering with a pioneer in solar financing, Dividend Financial. The agreement
significantly lowers cost of acquisition of new clients seeking to install or
finance commercial solar projects that currently are not included in the
offerings provided by Dividend Financial. The partnership with Direct Solar
allows for Dividend to offer to any of their client base a commercial solution
by referring the projects they are unable to entertain in-house to Direct Solar
Capital for them to find a solution via Direct Solar Capital's commercial lending
partners.
Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/06181DirectSolarAmerica-DividendFinancial.asp
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Dividend
is a leading national provider of renewable energy and energy-efficiency
financing solutions for property owners through a suite of residential solar,
home improvement and commercial PACE financing products. Commercial PACE is a
public-private financing mechanism for energy efficiency, renewable energy,
water conservation and seismic upgrades on privately-owned property. The
Company pioneered the residential solar financing landscape in 2014 with the
launch of its flagship product, EmpowerLoan™, for financing residential solar
installations and continues to expand its product offerings into the home
improvement market. In addition to its industry-leading suite of financial
products, Dividend has developed a comprehensive technology platform for installation
partners and homeowners to streamline the financing process and manage financed
project fulfillment.
"The
partnership serves huge benefits on both sides. Direct Solar Capital sees
additional potential business and Dividend now can confidently explain to their
client base they have a solution for every commercial inquiry." Pablo
Diaz, CEO Direct Solar America. "I am proud of our business development
group that identified a truly win-win-win situation for Dividend, Direct Solar
and most importantly customers seeking commercial solar solutions. Dividend
Financial is one of the nation's largest residential lenders, with over 600
dealers in their network, but in the commercial realm, they only are able to
lend with PACE financing, a state-provided lending solution available only in
22 states and the guidelines are fairly rigid."
"This
strategic partnership is another step that enhances our ability to reach and
serve additional markets and most importantly grow revenues. Pablo and the
Direct Solar team are ready and excited to work with the customers referred to
them by Dividend Financial. The Direct Solar team will support referred
Dividend clients by offering the best possible product and solutions to fulfill
their solar needs." states Greg Lambrecht, CEO SinglePoint Inc. "We
are pleased with the progress and encouraged that partnerships like this can
help grow our revenues and ultimately increase the asset value of our company
for all of our shareholders".
Commercial (Non Residential)
Solar Market Outlook
Falling
prices and more flexible financing and procurement structures have led to rapid
growth in corporate solar adoption, with more than half of all corporate solar
capacity in the U.S. installed since 2016. Financing for solar projects can be
challenging. Direct Solar capital leverages its expertise and growing network
of lenders focused on funding Commercial Projects to match specific projects
with the right lender creating a win-win for our financial partners and the
clients dedicated to adding renewable energy solutions to their facilities.
According
to a recently published report by SEIA 2020 marks the beginning of the next
wave of states with robust community solar mandates - New York, Maryland,
Illinois and New Jersey - experience growth.
Recent
policy developments in the Northeast will ultimately spur growth in our
long-term outlook. New Jersey has proposed revising its transition incentive
program, slightly raising incentive values for community solar projects.
Significant revisions to the Value of Distributed Energy Resources (VDER)
docket in New York have bolstered the long-term forecasts for both commercial
and community solar. Meanwhile, Maryland and Maine both passed more aggressive
RPS policies, which are expected to boost lagging REC markets. Maine went even
further to create a commercial solar tariff and community solar program.
Increasing
solar-plus-storage viability will also begin to have an impact on
non-residential demand as policymakers and business leaders increasingly
consider energy storage in their decisions. New York's recent development of
the Bridge Incentive increases long-term solar-plus-storage forecasts with
further potential upside. By 2023, roughly 30% of total non-residential PV capacity
will come from community solar, and 20% of all non-residential capacity is
expected to have storage attached.
About SinglePoint, Inc.
Founded
in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies
that will benefit from injection of growth capital and the sales and marketing
expertise of SinglePoint. The company portfolio currently includes solar, hemp
and technology applications. SinglePoint is working to grow the company to a
multinational brand.
Connect on social media at:
For more
information visit: www.SinglePoint.com
Forward-Looking
Statements
Certain
statements in this news release may contain forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe harbor created
by those rules. All statements, other than statements of fact, included in this
release, including, without limitation, statements regarding potential future
plans and objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical
complications, which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
Corporate Communication
SinglePoint
Inc.
888-OTC-SING
investors@SinglePoint.com
SinglePoint.com
888-OTC-SING
investors@SinglePoint.com
SinglePoint.com
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