 SinglePoint Inc said it expects to see substantial increases in residential solar energy projects providing revenue opportunities for its majority-owned subsidiary Boston Solar with the passing of the Inflation Reduction Act by the US Senate on August 7, 2022. The company said the climate change and tax package would provide 370 billion in funding for clean energy, including extending and increasing lucrative tax credits for solar energy which enables residential homeowners to claim up to 30 of the value of a solar project as a tax credit. 