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Historic bill positions America as leader in Clean Energy; SinglePoint applauds Biden Administration signing into law H.R. 5376: Inflation Reduction Act of 2022
Historic bill positions America as leader in Clean Energy; SinglePoint applauds Biden Administration signing into law H.R. 5376: Inflation Reduction Act of 2022.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n\n\n\nHistoric bill positions America as leader in Clean Energy; SinglePoint applauds Biden Administration signing into law H.R. 5376: Inflation Reduction Act of 2022\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHistoric bill positions America as leader in Clean Energy; SinglePoint applauds Biden Administration signing into law H.R. 5376: Inflation Reduction Act of 2022\nPR Newswire\nPHOENIX, Aug. 17, 2022\n\n\n\nPHOENIX, Aug. 17, 2022 /PRNewswire/ -- SinglePoint, Inc. (OTCQB: SING) (\"SinglePoint'' or \"the Company''), a renewable energy and sustainable solutions provider, today proudly applauds President Joe Biden for signing the Inflation Reduction Act of 2022 into law. This historic act will result in major investments in clean energy, climate change initiatives, and solar incentives, benefiting Solar, Energy Storage, Electric Vehicles (EV), and other clean energy initiatives.\n\n \n \n \n \n \n \n\n \nThe Bill's allocation of $369 billion provides:\nIncentives for residential and commercial consumers to pursue energy efficient options;Tax credits for solar panels;EV charging stations; andGreen energy storage.Wil Ralston, CEO of SinglePoint, commented, \"The Inflation Reduction Act is the largest investment in clean energy in federal history. It is a massive step toward developing clean energy throughout the country. It will help decarbonize our energy production and improve our energy infrastructure. With tax incentives and direct pay opportunities our newly acquired subsidiary, Boston Solar, is well positioned to benefit from consumers looking for solar energy, energy storage and EV options. H.R. 5376 also allocates funding for schools. SinglePoint subsidiary Box Pure Air has a pipeline of opportunities as well as existing clients purchasing other products. We will optimize cross selling opportunities when available. SinglePoint is firmly positioned in Solar Energy and Indoor Air Quality (IAQ)--two verticals that have significant government tailwinds in markets that create higher quality living standards for people throughout the nation.\"\nThe bill further ex...