Boston Solar Closes Out Q1 2025 with over $9 Million in Signed Residential Solar and Commercial Solar Contracts
Boston Solar, a subsidiary of SinglePoint Inc. (OTC Pink: SING), reported strong Q1 2025 performance with $9.1 million in total new sales. The breakdown includes 134 residential sales valued at $5 million and $3.9 million in commercial sales.
The company has secured a commercial pipeline of $8.5 million for installation throughout 2025. Operational improvements implemented in 2024 have led to reduced overhead expenses, improved marketing efficiency, and streamlined installation processes, contributing to enhanced gross margins.
The residential solar sector has shown 27% year-over-year growth in key markets, while the commercial solar segment is projected to grow at a CAGR of 18.3% through 2030, driven by rising electric rates and extended investment tax credits under the Inflation Reduction Act.
Boston Solar, una filiale di SinglePoint Inc. (OTC Pink: SING), ha riportato una forte performance nel primo trimestre del 2025 con 9,1 milioni di dollari in nuove vendite totali. La ripartizione include 134 vendite residenziali del valore di 5 milioni di dollari e 3,9 milioni di dollari in vendite commerciali.
L'azienda ha assicurato un portafoglio commerciale di 8,5 milioni di dollari per installazioni nel corso del 2025. I miglioramenti operativi implementati nel 2024 hanno portato a una riduzione delle spese generali, a una maggiore efficienza nel marketing e a processi di installazione semplificati, contribuendo a margini lordi migliorati.
Il settore solare residenziale ha mostrato una crescita del 27% anno su anno nei mercati chiave, mentre il segmento solare commerciale è previsto crescere a un CAGR del 18,3% fino al 2030, spinto dall'aumento delle tariffe elettriche e dai crediti d'imposta per investimenti estesi ai sensi dell'Inflation Reduction Act.
Boston Solar, una subsidiaria de SinglePoint Inc. (OTC Pink: SING), reportó un sólido desempeño en el primer trimestre de 2025 con 9.1 millones de dólares en nuevas ventas totales. El desglose incluye 134 ventas residenciales valoradas en 5 millones de dólares y 3.9 millones de dólares en ventas comerciales.
La compañía ha asegurado un pipeline comercial de 8.5 millones de dólares para instalaciones a lo largo de 2025. Las mejoras operativas implementadas en 2024 han llevado a una reducción de los gastos generales, a una mayor eficiencia en el marketing y a procesos de instalación optimizados, contribuyendo a márgenes brutos mejorados.
El sector solar residencial ha mostrado un crecimiento del 27% interanual en los mercados clave, mientras que se proyecta que el segmento solar comercial crezca a un CAGR del 18.3% hasta 2030, impulsado por el aumento de las tarifas eléctricas y los créditos fiscales de inversión ampliados bajo la Ley de Reducción de la Inflación.
보스턴 솔라는 SinglePoint Inc. (OTC Pink: SING)의 자회사로서 2025년 1분기 실적이 910만 달러의 신규 매출로 강력하다고 보고했습니다. 세부 사항은 500만 달러의 가치가 있는 134건의 주거 판매와 390만 달러의 상업 판매를 포함합니다.
회사는 2025년 동안 설치를 위한 850만 달러의 상업 파이프라인을 확보했습니다. 2024년에 시행된 운영 개선은 간접비용을 줄이고, 마케팅 효율성을 높이며, 설치 프로세스를 간소화하여 개선된 총 마진에 기여했습니다.
주거용 태양광 부문은 주요 시장에서 전년 대비 27% 성장을 보였으며, 상업용 태양광 부문은 전기 요금 상승과 인플레이션 감축법에 따른 투자 세액 공제 연장으로 인해 2030년까지 연평균 성장률(CAGR) 18.3%로 성장할 것으로 예상됩니다.
Boston Solar, une filiale de SinglePoint Inc. (OTC Pink: SING), a annoncé une forte performance au premier trimestre 2025 avec 9,1 millions de dollars de nouvelles ventes totales. La répartition comprend 134 ventes résidentielles d'une valeur de 5 millions de dollars et 3,9 millions de dollars de ventes commerciales.
L'entreprise a sécurisé un pipeline commercial de 8,5 millions de dollars pour des installations tout au long de 2025. Les améliorations opérationnelles mises en œuvre en 2024 ont conduit à une réduction des frais généraux, à une meilleure efficacité marketing et à des processus d'installation rationalisés, contribuant à des marges brutes améliorées.
Le secteur solaire résidentiel a montré une croissance de 27 % d'une année sur l'autre sur les marchés clés, tandis que le segment solaire commercial devrait croître à un CAGR de 18,3 % jusqu'en 2030, soutenu par l'augmentation des tarifs électriques et l'extension des crédits d'impôt à l'investissement dans le cadre de la loi sur la réduction de l'inflation.
Boston Solar, eine Tochtergesellschaft von SinglePoint Inc. (OTC Pink: SING), berichtete über eine starke Leistung im ersten Quartal 2025 mit 9,1 Millionen Dollar an neuen Gesamtverkäufen. Die Aufschlüsselung umfasst 134 Wohnungsverkäufe im Wert von 5 Millionen Dollar und 3,9 Millionen Dollar an gewerblichen Verkäufen.
Das Unternehmen hat eine gewerbliche Pipeline von 8,5 Millionen Dollar für Installationen im Jahr 2025 gesichert. Die im Jahr 2024 umgesetzten operativen Verbesserungen führten zu reduzierten Gemeinkosten, verbesserter Marketingeffizienz und optimierten Installationsprozessen, was zu höheren Bruttomargen beitrug.
Der Wohnsolar-Sektor hat in wichtigen Märkten ein Wachstum von 27 % im Jahresvergleich gezeigt, während der gewerbliche Solarsektor voraussichtlich mit einem CAGR von 18,3 % bis 2030 wachsen wird, angetrieben durch steigende Strompreise und verlängerte Investitionssteuergutschriften im Rahmen des Inflation Reduction Act.
- Achieved $9.1M in total new sales for Q1 2025
- Secured $8.5M commercial pipeline for 2025
- Reduced overhead expenses through operational restructuring
- Improved gross margins through installation efficiency gains
- Increased sales conversion rates from marketing improvements
- None.
Boston, Massachusetts--(Newsfile Corp. - April 2, 2025) - Boston Solar, a wholly owned subsidiary of SinglePoint Inc. (OTC Pink: SING), a leading provider of residential and small commercial solar solutions in New England, today announced robust financial results for the first quarter of 2025, demonstrating continued momentum in both residential and commercial segments.
In Q1 2025, the company achieved total new sales of
"Our Q1 results reflect the strength of our business model and the increasing demand for sustainable energy solutions across both residential and commercial markets in New England," said Michael Morlino, President of Boston Solar. "We're particularly encouraged by our commercial pipeline, which provides excellent visibility for the remainder of 2025 and underscores the effectiveness of our strategic focus on diversified customer segments."
The strategic changes implemented throughout 2024 are already yielding substantial benefits in early 2025. Operational restructuring has resulted in reduction of overhead expenses, while improved marketing efficiencies have contributed to a increase in sales conversion rates. The company has significantly streamlined its installation processes, reducing average project completion time leading to the ability to more installs per week which drives cashflow improvements. These efficiency gains have enhanced gross margins setting the stage for improving profitability throughout 2025.
The residential solar sector continues to experience unprecedented growth, driven by a combination of favorable policy environments, declining installation costs, and heightened consumer awareness of climate issues. Recent data indicates that residential solar adoption has accelerated
In the small commercial sector, businesses are rapidly embracing solar solutions as part of broader cost-reduction strategies. With electric rates continuing to rise across many regions, the ROI timeline for commercial solar installations has shortened considerably. The Inflation Reduction Act's extension of investment tax credits has been particularly impactful for small businesses that previously found solar investments financially challenging. Industry analysts project the commercial solar segment to grow at a CAGR of
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About Boston Solar - www.bostonsolar.us
Boston Solar is a premier solar provider serving residential and commercial customers throughout Massachusetts. The company has established a reputation for quality installations, comprehensive customer service, and deep expertise in navigating the complex landscape of solar incentives and financing options in the Northeast market.
About SinglePoint Inc. www.singlepoint.com
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/247037
FAQ
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