How Real Estate Plays a Key Role in the Sector
Mr. William Ralston, President and Director of SinglePoint Inc. (OTCQB: SING) talks about growth in the company’s subsidiary Direct Solar
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Ralston, discussing News of Direct Solar’s Partnership with My Home Group Real Estate, LLC said, “It’s a huge opportunity for both companies, My Home Group is a phenomenal company. They have been on Inc 500 the last 5 years in a row as one of the fastest growing companies and it’s a wonderful relationship for us, as the key to Direct Solar is continuing to work with homeowners that are looking for solar.”
Discussing what Direct Solar means as part of the SinglePoint story going forward, he stated, “The acquisition of Direct Solar is a fundamental pillar for the business and has really shaped and changed the trajectory of us, being that there is a huge amount of revenue. It’s going to be a profitable business. This is going to shape SinglePoint and allow us to grow to get to the next level. We have been up to the plate a lot, we have taken a lot of swings at different projects and here, we have got one that we have acquired and it’s taken off like a rocket.”
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) Chairman, President and CEO, Jeff Eckel talks about the Company’s solar division
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Talking about their solar divisions, Mr. Eckel said, “Solar is getting the benefit of its significant cost reductions and improved performance and this does seem to be the year of solar. With respect to utility scale solar, we have found the most value we can add is in owning the land underneath the projects. We are the largest owners of land underneath solar projects in the world.”
Talking about their recently reported Second Quarter results, Eckel stated, “Q2 was dominated by solar. We had some residential solar, community solar as well as solar land. It was good to see solar post such a good quarter and we expect to see that continue. The cost reductions have made solar so much more interesting to consumers, whether they care about climate change or not. Saving money is something everyone cares about. And we are simply starting to see solar become quite competitive.”
Envision Solar International Inc. (NASDAQ: EVSI) President and CEO, Desmond Wheatley discusses their key products and infrastructure disruption powered by solar
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When asked about real estate and solar relationships developing as a new trend after Envisions announcement regarding the adding of Accesso Real Estate firm to their customer base in July, Mr. Wheatley told Investorideas.com “No question about that in my mind at all….regardless of whether the business is coming from government or enterprise; they all have one thing in common and that is commercial real estate…”
When discussing the most exciting parts or changes in solar as it has matured, Wheatley commented, “Solar is already a vital part of our energy mix, and I don’t just mean ours, the company; California, the United States and increasingly the world, it’s a vital part of the mix. It’s incredibly reliable, it’s incredibly forecastable and it works incredibly well and the costs have been coming down dramatically over the years. Now we are at a point that it’s less expensive to make electricity through solar than it is for almost any other source. The part of it I’m really interested in is the part we are in. We are not just avoiding the utility cost of electricity but we are also avoiding all the costs of the infrastructure that is required to support that utility infrastructure. Transmission, distribution lines, trenches, cables etc., those are all very disruptive, environmentally impactful, and the other piece of I’m interested in is the grid – its vulnerability. We have more blackouts and brownouts at increasing rates and yet we are more reliant on electric than ever before in history. If you think about distributed generation and distributed storage, a power grid that looks more like the internet, solar is an ideal solution to make that work and that’s going to make everyone’s lives better.”
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Direct Solar of America is a subsidiary of SinglePoint Inc., a technology and acquisition company. (OTCQB: SING). Direct Solar America is America’s Solar Energy Brokerage with more than 3,500 home installations, which has enabled residential solar customers to shop for options in order to find the best option for the home. Like Rocket Mortgage or Lending Tree, Direct Solar representatives provide homeowners with a variety of financing and service providers; this has made the process of buying solar much easier for homeowners. Direct Solar is operational in eight states and continues to expand its residential solar footprint. Direct Solar Commercial serves customers that own and/or manage commercial properties. Along with Direct Solar Capital, an alternative energy financing solution, commercial projects have access to $50,000 to $3 million in funding for solar installations.
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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.