Boston Solar Builds Upon $8.3M YTD Sales, Achieves Record Growth in Solar+ Sales, Nearly Doubling Compared to Q1 '24
Boston Solar, a subsidiary of SinglePoint Inc. (OTC Pink: SING), reported significant growth in its Solar+ sales for early 2025. The company's contracted sales in the first two months of 2025 have nearly doubled compared to the same period in 2024, building upon previously announced $8.3M in residential and commercial solar sales.
Key highlights include:
- 150% increase in revenue per employee compared to Q1 2024
- 30% of business comes from customer referrals
- Reduced overhead costs while maintaining growth
The growth is attributed to high energy prices in Massachusetts, partnerships with commercial developers, and strong residential market demand. The company reports successfully closing one in three residential customer presentations, positioning itself as a leading provider in Massachusetts.
Boston Solar, una filiale di SinglePoint Inc. (OTC Pink: SING), ha riportato una crescita significativa nelle vendite di Solar+ per l'inizio del 2025. Le vendite contrattate dell'azienda nei primi due mesi del 2025 sono quasi raddoppiate rispetto allo stesso periodo del 2024, costruendo su quanto già annunciato di 8,3 milioni di dollari in vendite solari residenziali e commerciali.
I punti salienti includono:
- Aumento del 150% delle entrate per dipendente rispetto al primo trimestre del 2024
- Il 30% degli affari proviene da referenze dei clienti
- Riduzione dei costi generali mantenendo la crescita
La crescita è attribuita ai prezzi elevati dell'energia nel Massachusetts, alle partnership con sviluppatori commerciali e alla forte domanda del mercato residenziale. L'azienda riporta di chiudere con successo uno su tre presentazioni ai clienti residenziali, posizionandosi come fornitore leader nel Massachusetts.
Boston Solar, una subsidiaria de SinglePoint Inc. (OTC Pink: SING), reportó un crecimiento significativo en sus ventas de Solar+ para principios de 2025. Las ventas contratadas de la empresa en los primeros dos meses de 2025 casi se han duplicado en comparación con el mismo período de 2024, basándose en lo previamente anunciado de 8.3 millones de dólares en ventas solares residenciales y comerciales.
Los aspectos destacados incluyen:
- Aumento del 150% en ingresos por empleado en comparación con el primer trimestre de 2024
- El 30% del negocio proviene de referencias de clientes
- Reducción de costos generales mientras se mantiene el crecimiento
El crecimiento se atribuye a los altos precios de la energía en Massachusetts, asociaciones con desarrolladores comerciales y una fuerte demanda en el mercado residencial. La empresa informa que cierra con éxito uno de cada tres presentaciones a clientes residenciales, posicionándose como un proveedor líder en Massachusetts.
보스턴 솔라(Boston Solar)는 싱글포인트 주식회사(SinglePoint Inc.)의 자회사로서 (OTC Pink: SING), 2025년 초 Solar+ 판매에서 상당한 성장을 보고했습니다. 2025년 첫 두 달 동안의 계약 판매는 2024년 같은 기간에 비해 거의 두 배로 증가했으며, 이는 이전에 발표된 830만 달러의 주거용 및 상업용 태양광 판매를 기반으로 하고 있습니다.
주요 하이라이트는 다음과 같습니다:
- 2024년 1분기 대비 직원당 수익 150% 증가
- 사업의 30%가 고객 추천에서 발생
- 성장을 유지하면서 간접비 절감
성장은 매사추세츠의 높은 에너지 가격, 상업 개발자와의 파트너십, 강력한 주거 시장 수요에 기인합니다. 이 회사는 주거 고객 프레젠테이션에서 3분의 1을 성공적으로 마감했다고 보고하며, 매사추세츠에서 선도적인 공급자로 자리 매김하고 있습니다.
Boston Solar, une filiale de SinglePoint Inc. (OTC Pink: SING), a annoncé une croissance significative de ses ventes Solar+ pour le début de 2025. Les ventes contractées de l'entreprise au cours des deux premiers mois de 2025 ont presque doublé par rapport à la même période en 2024, s'appuyant sur les 8,3 millions de dollars de ventes solaires résidentielles et commerciales déjà annoncées.
Les points clés incluent:
- Augmentation de 150 % des revenus par employé par rapport au premier trimestre 2024
- 30 % des affaires proviennent de recommandations de clients
- Réduction des coûts généraux tout en maintenant la croissance
Cette croissance est attribuée aux prix élevés de l'énergie dans le Massachusetts, aux partenariats avec des développeurs commerciaux et à une forte demande sur le marché résidentiel. L'entreprise rapporte avoir réussi à conclure une présentation client résidentielle sur trois, se positionnant comme un fournisseur de premier plan dans le Massachusetts.
Boston Solar, eine Tochtergesellschaft von SinglePoint Inc. (OTC Pink: SING), berichtete von einem signifikanten Wachstum bei seinen Solar+ Verkäufen für Anfang 2025. Die vertraglichen Verkäufe des Unternehmens in den ersten zwei Monaten von 2025 haben sich im Vergleich zum gleichen Zeitraum 2024 fast verdoppelt und bauen auf den zuvor angekündigten 8,3 Millionen Dollar an privaten und gewerblichen Solarkäufen auf.
Wichtige Highlights sind:
- 150% Anstieg des Umsatzes pro Mitarbeiter im Vergleich zum 1. Quartal 2024
- 30% des Geschäfts stammt aus Kundenempfehlungen
- Reduzierte Gemeinkosten bei gleichzeitigem Wachstum
Das Wachstum wird auf die hohen Energiepreise in Massachusetts, Partnerschaften mit gewerblichen Entwicklern und die starke Nachfrage auf dem Wohnungsmarkt zurückgeführt. Das Unternehmen berichtet, dass es erfolgreich bei einem von drei Präsentationen an Wohnkunden abschließt und sich als führender Anbieter in Massachusetts positioniert.
- Nearly doubled sales in early 2025 compared to Q1 2024
- 150% increase in revenue per employee
- 30% customer referral rate indicating strong service quality
- Reduced overhead costs while maintaining growth
- Strong conversion rate of 1 in 3 residential presentations
- None.
Strong demand building upon the already announced
$8.3M in residential and commercial sales driving significant sales surge in early 2025Nearly Doubled Sales as compared to Q1 2024
Boston, Massachusetts--(Newsfile Corp. - March 18, 2025) - SinglePoint Inc. (OTC Pink: SING) subsidiary, Boston Solar, a leading provider of innovative and sustainable energy solutions for the residential solar and small commercial solar sector, today announced a record-breaking surge in its Solar+ sales. Contracted sales in the first two months of 2025 are nearly double the total for the same period in 2024 building upon the previously announced
Since the beginning of 2025, Boston Solar's sales have experienced exceptional growth, fueled by high energy prices in Massachusetts, long-standing commercial development partners, and a robust residential market.
"We've achieved this growth with reduced overhead and a
Solar Industry Growth Driving Market Demand
The solar industry continues to experience significant growth, driven by both technological advancements and increasing consumer demand for sustainable energy solutions. Solar power adoption has accelerated as more homeowners and businesses recognize the long-term savings and environmental benefits of switching to clean energy. This market shift is propelled by decreasing installation costs, improved efficiency of solar panels, and federal and state incentives that make solar more accessible to a wider audience.
Boston Solar has been at the forefront of this shift in Massachusetts, offering residential and commercial solar solutions that cater to the needs of customers looking for reliable, cost-effective, and environmentally friendly energy alternatives. The company's leadership in the solar space reflects the growing recognition of solar energy as a key solution to meet the state's energy goals and combat climate change.
Rising Energy Costs Driving Consumer Interest in Solar Solutions
The rising cost of energy in Massachusetts has been a key factor driving increased interest in solar solutions. With energy prices hitting record highs, both residential and commercial customers are seeking alternative ways to manage their energy costs. Solar energy offers a viable solution, enabling consumers to generate their own electricity and reduce reliance on expensive, grid-supplied power.
In response to these soaring costs, many homeowners and businesses are turning to solar as an investment that not only helps lower their energy bills but also provides long-term financial benefits. As energy prices continue to climb, the demand for reliable, renewable energy sources like solar power is expected to grow even further.
"Both residential and commercial customers are showing strong market demand," said Mike Morlino, President Boston Solar. "With over ten years of success, Boston Solar has become the leading provider in Massachusetts, successfully closing one out of every three residential customers we present solutions to."
About Boston Solar
Boston Solar is a subsidiary of SinglePoint Inc. (OTC Pink: SING). Since its founding in 2011, Boston Solar has installed more than 6,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. The mission of Boston Solar is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.
Boston Solar has accumulated several distinctions of recognition of the company's outstanding triumphs:
Honored with Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
Recognized by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.
Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. The company is headquartered at 12 Gill St. Suite - 5650 Woburn, MA 01801. Learn more at: www.bostonsolar.us
About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com).
Forward-Looking Statements
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 plans and objectives of the Company, the use of proceeds, anticipated growth and future expansion, 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.
Media Contact:
Michael Morlino, President
info@bostonsolar.us
Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245006
FAQ
What is Boston Solar's sales performance in early 2025 compared to 2024?
How has Boston Solar's operational efficiency improved in 2025 (SING)?
What is Boston Solar's customer conversion rate for residential solar installations?
What percentage of Boston Solar's business comes from customer referrals?
