Solar Integrated Roofing Corp. cooperates with RxSeed Coin for solutions for commercial project financing in cryptocurrency
The capital raised by SIRC subsidiary USA Solar Networks will fund global solar humanitarian projects, including schools, churches and disenfranchised communities
EL CAJON, CA / ACCESSWIRE / October 26, 2021 / Solar Integrated Roofing Corp. (OTC PINK: SIRC), an integrated solar power and rooftop installation company, today announced that USA Solar Networks’ subsidiary has partnered with the founders of RxSeed Coin, a cryptocurrency coin asset, that at Stellar Exchange to develop a cryptocurrency funding solution for humanitarian commercial solar projects.
RxSeed Coin is dedicated to the vision of helping people and giving people a living gift known as the Coin of Compassion in exchange for their compassion with the hope that it will grow. They are extremely humanitarian in their endeavors and are mainly focused on making emergency shelters for disaster relief and unexpected homelessness.
RxSeed uses the Bitcoin model to create crowdfunding solutions to raise money to fund commercial, humanitarian projects including schools, churches and disenfranchised communities. The raising of capital raises a fund to finance commercial projects with an estimated one commercial building for every $ 1 million. This process can be repeated continuously to meet both project funding needs and the public interest in investing in the Fund. The trading company’s host will sign a 20-25 year power purchase agreement that will pay coinholders a consistent source of income for the electricity generated by the solar system installed by USA Solar Networks.
Under the terms of the agreement, USA Solar Networks will receive long-term income from the host of the commercial entity paying for the electricity generated from the facility and income from the profits from the development and construction of the solar project with a targeted gross profit margin of 15% or $ 150,000 per $ 1.0 million of commercial project. USA Solar Networks retains all federal tax credits, any state or utility subsidies, and additional tax benefits such as the system’s bonus write-off.
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The partnership will also seek to provide energy solutions to cryptocurrency miners to reduce the cost of electricity from solar panels, while leveraging the relationships of the RxSeed Coin founders.
“This partnership represents a unique opportunity to develop a cryptocurrency funding solution for humanitarian projects that might otherwise have been impossible,” said Pablo Diaz, CEO of USA Solar Networks, a SIRC company. “RxSeed will offer us solar projects at no cost and the project will demonstrate our commitment to deliver solar solutions to underserved communities.
“The Cambridge Center for Alternative Finance (CCAF) reports that mining cryptocurrencies uses around 110 terawatt hours per year, or 0.55% of global electricity production. We also look forward to working with the team at RxSeed to provide miners with a sustainable source of energy. The partnership with RxSeed enables us to generate revenue that enables humanitarian and cryptocurrencies that are good for the planet and its people, “concluded Diaz .
RxSeed Coin is dedicated to the vision of helping people and giving people a living gift known as the Coin of Compassion in exchange for their compassion with the hope that it will grow. They are extremely humanitarian in their endeavors and are mainly focused on making emergency shelters for disaster relief and unexpected homelessness. They are also heavily involved and active in efforts to eradicate food insecurity in the United States. More information is available at www.rxseedcoin.com.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is an integrated, one-stop, solar power and rooftop installation platform company specializing in commercial and residential real estate in the United States. The company serves communities by delivering the best experience through constant innovation and heritage-centered leadership. The company’s wide range of solutions range from selling and installing solar energy systems, battery backup and charging stations for electric vehicles (EV) to roofing, HVAC and related electrical contracting work. For more information, please visit the company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995 and affects potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release relates. Actual results on the specific points described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the best estimates of the company’s management as of the date of this release, material differences in size, timing and other factors could result from business risks and uncertainties, including, but not limited to, the company’s dependence on third parties, general market and market conditions Economic conditions, technical factors, the availability of debt capital, revenue, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statements. This press release is not a general solicitation.
Investor Relations contact:
Lucas A. Zimmermann
MZ North America
SOURCE: Solar Integrated Roof Corp.
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