2022 Is The Year For Solar As Federal Tax Credits Are Set To Drop From 26% Today To 22% In 2023, Solar Loans Are Cheap And Alternative Energy Can Beat Rising Electricity Rates; That News Is Good For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Solar Installation Business
2022 is the year for solar. Homeowners have a lot of great solar opportunities ahead such as beating the drop from 26% today in federal tax credits to just 22% in 2023. Solar installation loan money is inexpensive and plentiful right now. And the cost for solar components, such as rooftop panels, is on a decade-long drop. Add it up and that spells a successful 2022 for Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) solar installation business in the new year.
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), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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).
2022 Is The Year For Solar As Federal Tax Credits Are Set To Drop From 26% Today To 22% In 2023, Solar Loans Are Cheap And Alternative Energy Can Beat Rising Electricity Rates; That News Is Good For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Solar Installation Business
According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.
Joining the central grid for solar is inevitable, but it can also be profitable and efficient. It is not just rejecting the carbon gases from fossil fuels, but important economic sense to make the move to solar now.
In solar-leading California, utility companies are viewing solar as a wealthy rate payer vs. low income rate payer issue. That may mean lower paybacks for utilities buying solar generated electricity from homeowners — and initiating high fees to access the central grid. That lengthens the payback period for solar to unacceptable years.
Solar proponents are fighting back — and that is seen nationally as a positive move. Payback periods become significantly shorter as solar owners pool their systems through solar rechargeable batteries. Their combined resources shorten payback periods to six years or so.
SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems. 2022 Is The Year For Solar As Federal Tax Credits Are Set To Drop From 26% Today To 22% In 2023, Solar Loans Are Cheap And Alternative Energy Can Beat Rising Electricity Rates; That News Is Good For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Solar Installation Business.
Homeowners and small business potential buyers of solar systems can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now before federal tax credits for solar drop from 26% to 22% in 2023. Solar loan money is plentiful and low cost. The time to commit to solar is now at little or no cost.
For SIRC, solar installations can also mean the additional revenue stream of solar rechargeable battery installations. It pays for homeowners to store excess solar-generated power during the day and use it at night or on less-sunny days. Central grid electricity is climbing in cost — making the payback period for solar less than eight years. Solar buyers can install systems for next to nothing if they do it now.
Utility companies, such as the California Public Utilities Commission (CPUC), seek to raise rates against solar system homeowners — solar proponents are fighting back against ‘critical peak pricing’ from utilities. To incentivize potential solar system buyers, solar proponents have developed strategies to make buying and owning solar a financially efficient investment. Solar installers like will benefit.
The strategy overall means staying away from the peak-demand higher rate fees utilities seek to charge through higher ‘critical peak pricing’ from utilities. Homeowners can customize their solar savings by saving their solar-generated electricity for peak time usage — when electricity costs more from the central grid.
Community sharing of stored energy is a new and efficient way to go. As SIRC sells more solar installations, buyers can save money by sharing their solar-generated electricity. That way they are in control of their electrical usage and use it efficiently. 2022 Is The Year For Solar As Federal Tax Credits Are Set To Drop From 26% Today To 22% In 2023, Solar Loans Are Cheap And Alternative Energy Can Beat Rising Electricity Rates; That News Is Good For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Solar Installation Business.
Bloomberg says adoption of solar batteries will jump. The payback period for new solar systems — instead of jumping to some 11 years under new net metering laws — would instead be shortened to only 6-8 years. That’s important news for Solar Integrated Roofing Corp. (OTC PINK: SIRC) because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall solar storage battery systems.
Watch for these issues to become key for more utility companies in more states. They may view low income rate payers ‘subsidizing’ the savings enjoyed by wealthier homeowners who have installed solar. The California Public Utilities Commission (CPUC) is due to vote on the proposed rules by late January 2022. It would go into effect by May.
The California case is landmark to the nationwide solar industry because this state has the largest number of solar system owners: 1.3 million. It also makes little sense because California legislators voted into law for 2021 a mandate that most new home residences and business buildings be powered by solar.
Solar batteries are center stage in a new and decisive role in the future of California’s solar industries. If consumers can count on saving and sharing their own excessive electricity generated by solar — instead of selling to the utilities and their central grid at a new and lower price — the payback period can be shortened back again to less than eight years. That will help close sales and installations.
Outside California, the decision is being carefully watched by other states and SIRC. SIRC is growing into a national brand with a nationwide footprint in the US alternative energy space.
The CPUC in its ruling said that the current system “disproportionately harms low-income rate payers.”
The new anti-utility price hike strategies — which could spread to other states — represent great news for solar installers like SIRC. Active in alternative and green clean energy installations — such as roofing installations and building of EV Charging Stations to support the surge in electric cars — SIRC’s core business now is solar. Homeowners are encouraged to buy solar panels and rechargeable solar batteries to store excess energy storage by SIRC.
2022 Is The Year For Solar As Federal Tax Credits Are Set To Drop From 26% Today To 22% In 2023, Solar Loans Are Cheap And Alternative Energy Can Beat Rising Electricity Rates; That News Is Good For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Solar Installation Business
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
