$1.75 Trillion ‘Build Back Better’ Bill Passes House With Tax Extensions For Solar Installations; BBB Now Moves On To The Senate; Funds Approved For More EV Charging Stations In Biden-Signed Infrastructure Law; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar Energy

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

President Biden’s $1.75 trillion ‘Build Back Better’ Bill passed the House and now faces the Senate — where it needs final Congressional passage. The bill has solar incentives built in, such as an extension of tax incentives and funding for solar initiatives. The earlier Biden-signed $1.2 trillion Infrastructure law offers grants and funding for more EV Charging Stations. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core businesses are solar and EV charging stations.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunburn, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

$1.75 Trillion ‘Build Back Better’ Bill Passes House With Tax Extensions For Solar Installations; BBB Now Moves On To The Senate; Funds Approved For More EV Charging Stations In Biden-Signed Infrastructure Law; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar Energy

Democrats cheered after passing the now-signed Biden ‘Infrastructure’ law. Now it has passed in the House the $1.75 trillion ‘Build Back Better’ bill, which offers solar initiative funding and an extension of federal tax credits for solar installations. It faces the test of winning the support of Sen. Joe Manchin and Sen. Krysten Sinema in the Senate. Other moderate Democrats in the Senate, with an eye on next year’s mid-term elections, also appear skittish approving elements of the proposed bill.

The Congressional Budget Office (CBO) in its new analysis believes that the bill — instead of paying for itself — could add some $400 billion to the federal budget deficit. The debt ceiling must be raised to cover its cost.

Solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are awaiting final approval of the new bill because it could mean more solar installations, driven by tax incentives. It could drive perks for solar buyers — such as an extension of federal tax credits for as long as 10 years. It could also mean more funding for production of domestic solar panels.

This is vital following a Judge’s recent overturning of President Trump’s solar panel tariffs, directed primarily at the Chinese. The tariff was also instituted to protect the American domestic solar panel industry from foreigners.

As part of an eco-system alternative energy spending package, Biden’s ‘Build Back Better’ bill is a massive social spending bill. It allocates funding support for solar, wind and other alternative energy sectors. $1.75 Trillion ‘Build Back Better’ Bill Passes House With Tax Extensions For Solar Installations; BBB Now Moves On To The Senate; Funds Approved For More EV Charging Stations In Biden-Signed Infrastructure Law; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar Energy.

The solar industry, including installation firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), like the approval of solar tax incentives. They believe it will  enable them to close sales on more solar installations.

SIRC is halfway home. Last week, Congress passed into law the $1.2 trillion first Infrastructure Bill. It calls for allocating some $7.5 billion for electric vehicles and grants to propel building of more EV Charging Stations. Through its subsidiary PLEMCo., SIRC is in the EV Charging Station business and hopes to grow with more acquisitions in this space.

SIRC itself is an applicant for about $100 million in government grants to help build more EV Charging Stations. President Biden wants a national network of 500,000 charging stations completed by 2030. Solar funding is now the next step. $1.75 Trillion ‘Build Back Better’ Bill Passes House With Tax Extensions For Solar Installations; BBB Now Moves On To The Senate; Funds Approved For More EV Charging Stations In Biden-Signed Infrastructure Law; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar Energy.

Installers of EV Charging Stations, such as  Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA) and others will also benefit from the passage of the Infrastructure bill. Funding for electric vehicles and their supporting network of EV Charging Stations means more money from the federal government in the $1.2 trillion infrastructure program. Analysts say the stock prices of firms above could rise as a result.

The goal is to offer incentives, rebates and grants to get consumers to buy EVs. The goal in part is a Biden Administration deadline for a 500,000 EV Charging Station national network. Funding and grants are for electric vehicle OEM manufacturers and installers of EV Charging Stations. The spending is designed to alleviate range anxiety from potential buyers concerned about running out of charge on longer trips.

As proposed now, the solar sector in the pending ‘Build Back Better’ bill would receive funding for consumer and commercial buyers in the form of extensions of the solar tax credits.

The new spending package calls for some $1.75 trillion. It includes $320 billion for clean energy initiatives via tax credits. It would mark the biggest spending program on climate investment in U.S. history.

$1.75 Trillion ‘Build Back Better’ Bill Passes House With Tax Extensions For Solar Installations; BBB Now Moves On To The Senate; Funds Approved For More EV Charging Stations In Biden-Signed Infrastructure Law; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar Energy

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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