SinglePoint Inc. (SING) Subsidiary Direct Solar Benefits from Shift to Virtual Sales Channel

  • Residential solar product sales have been forced to shift toward digital channels, creating unexpected opportunity for cost savings
  • Shift to digital sales will allow the industry to lower customer acquisition costs ahead of federal tax credits being phased out in 2022
  • SING subsidiary Direct Solar America is seeing increased virtual sales each week, has expanded its presence to nine more states

Solar power and renewable energy sources have been lauded for being at the forefront of cutting-edge technology, enabling consumers to lower their costs while simultaneously reducing their carbon footprint. However, and despite its high-tech focus, residential solar energy technology has long been sold in a decidedly low-tech manner – through customer referrals and face-to-face sales. Innovative companies like Direct Solar America, through its parent company SinglePoint Inc. (OTCQB: SING), are creating ways to capitalize on the market’s largely homebound status. The solar industry has been sharply affected in recent weeks as prospective customers have shied away from purchases due to store closures and shelter-at-home orders. However, the forced transition to online sales may be a boon in disguise for the industry, and solar product brokerages such as Direct Solar America stand to benefit the most.

SinglePoint, a publicly traded company dedicated towards acquiring businesses focused on emerging technologies, purchased solar power broker Direct Solar America in May 2019 as it sought to capitalize on a boom in residential solar installations, which increased by 45 percent in Q3 2019 relative to…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

Leave a Reply