VIDEO: SinglePoint (OTCQB: $SING) Subsidiary Direct Solar America Lands Large Commercial Solar Project MoneyTV with Donald Baillargeon; @_Singlepoint_
Phoenix, Arizona - June 19, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) Greg Lambrecht discusses the latest commercial solar deal that will cover an office complex as well as parking stalls in Illinois.
Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/06191DirectSolarAmerica-CommercialSolar.asp
The company has executed the Energy Services Development Agreement with the Client and the co-development compensation agreement with Lux Power LLC. The client has agreed to and executed the final solar power purchase agreement and is awaiting final approval from the financing source. The project's estimated value is approximately $1.75M covering the commercial solar system components for the office complex roof and the existing parking lot structure. This specific commercial project's estimated value of $1.75M is roughly 50 times greater than the historical residential rooftop solar installation, which can average between $30K to $35K per installation.
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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.
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