While many homeowners are racing toward a sun-powered future, commercial buildings are reportedly lagging, but it might not be for lack of interest. Energy use represents about one-third of operating budgets, the largest single operating cost commercial property owners face.
While a solar system could slash those costs, building one on a commercial scale is complex, time-consuming, and can be expensive upfront. As the pandemic forced many businesses to tighten their financial belts, a large-scale solar project wasn’t in the cards.
Solar Power Momentum Higher In Deregulated Energy Markets?
As a tradeoff for being the sole energy provider in a region, the companies agree to abide by strict regulations and oversight to keep prices fair and affordable. This obligation and other regulatory restrictions leave little incentive for adopting renewable energy sources.
For customers who might not have the cash on hand to invest in an entire solar system, for example, shopping for an energy provider that uses renewable sources allows them to still make sustainable choices.
That challenge may have helped companies like SinglePoint, which has developed an ever-expanding network of solutions that make going solar straightforward possible for its residential customers. The Company says the Frontline Power Solutions acquisition will help SinglePoint bring the same efficiency and ease to commercial customers.
SinglePoint’s Frontline Power Solutions Acquisition Expands Access To Deregulated Markets
The strategic acquisition reportedly gives SinglePoint access to an extensive portfolio of clients while giving those FPS clients access to one of the nation’s leading solar power solutions companies.
From Energy Service Agreements to assistance with installing their solar systems, SinglePoint may now assist thousands of commercial clients in switching to solar.
The FPS move is just the latest in SinglePoint’s acquisition strategy, bringing a growing collection of solar providers and energy solutions under one corporate umbrella, thus hopefully offering economies of scale to the client and the company.
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