SinglePoint Inc (OTC:SING) has said that its subsidiary, Boston Solar, is near completion of the commercial rooftop solar installation of the MGM Music Hall behind Fenway Park, home of Major League Baseball's Boston Red Sox.
Using photovoltaic (PV) power generation, a proven renewable energy source, SinglePoint said the installation will benefit from location-based advantages as PV produces power where needed without additional energy transmission costs. Putting solar panels on a commercial rooftop at the MGM Music Hall at Fenway and other urban and suburban areas can help support local resilience and energy independence, the company added.
"We are pleased to be proud partners of the Boston Red Sox and are committed to being the preferred residential and commercial solar installer in Massachusetts,” Boston Solar co-founder and CEO Daniel Mello Guimaraes said in a statement. “Boston Solar will continue to strive for excellence and provide superior customer service and installations to our clients as we have for nearly 12 years."
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SinglePoint noted that one of the key benefits of solar power for commercial buildings is its cost-effectiveness. With retail electricity rates at record levels, the company said it is now more attractive than ever for businesses to switch to solar power. In addition, federal and local governments offer financial incentives and tax breaks to businesses and nonprofits that use solar energy, promoting it as an attractive energy option.
Unlike traditional energy sources such as coal and natural gas, the company pointed out that solar power is a reliable source of energy for commercial businesses and is not subject to price fluctuations or shortages.
Additionally, using solar power can help commercial buildings reduce their carbon footprint and contribute to the fight against climate change. By using solar power, businesses and nonprofits can reduce their environmental impact and play a role in protecting the planet.
SinglePoint is a sustainable lifestyle company in the solar energy and air purification markets. The company plans to build the largest renewable energy solutions network and modernize the traditional solar energy and energy storage business model. SinglePoint continues to execute its acquisition strategy by exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life.
Contact the author at stephen.gunnion@proactiveinvestors.com