After California’s CPUC ‘Punts’ On Solar Net Metering Decision, All Eyes Shift To Florida As State Bills Seek To Undermine Solar With New Metering Policy In Sun-shine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Eye Solar Metering In High-Potential Solar State

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

Now that California’s Public Utilities Commission (CPUC) has ‘punted’ away from a final decision on solar net metering, all eyes are tuning to Florida and its proposed state bills which would adopt a similar solar net metering policy. California is the most heavily penetrated solar state in the union with 3.1 million rooftop solar systems. By contrast, Florida has a low market share of private rooftop solar systems — giving it the greatest room to grow. But pending bills in the state’s House and Senate, if passed, threaten rooftop solar. Solar installers such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are watching how the Florida metering policy evolves.

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),  Enphase Energy (NASDAQ: ENPH), 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).

After California’s CPUC ‘Punts’ On Solar Net Metering Decision, All Eyes Shift To Florida As State Bills Seek To Undermine Solar With New Metering Policy In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Eye Solar Metering In High-Potential Solar State

A grassroots effort is challenging the issue of wealthy rooftop solar owners being subsidized by low income rate payers. A local newspaper, the Lehigh Acres Citizen, even ran an editorial decrying the legislative move against solar.

“We need to speak out in support of solar energy here in the Sunshine State. Currently rooftop solar accounts for less than 1% of electricity generated in the state. We need to let this emerging industry expand without monopolistic controls.”

It adds, “Florida should be a leader in addressing climate change through renewable energy and promote market competition and job creation for Floridians.”

Legislative bills introducing net metering policies like California would undercut the growth of solar and make it less attractive fiscally to potential buyers — hurting solar manufacturers and installers. After California’s CPUC ‘Punts’ On Solar Net Metering Decision, All Eyes Shift To Florida As State Bills Seek To Undermine Solar With New Metering Policy In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Eye Solar Metering In High-Potential Solar State.

In a surprising editorial, The Wall Street Journal came down on the side in favor of net metering. It argued that the attractive fiscal package for rooftop solar owners — such as well paid purchases by utilities of excess electricity powered by solar, through access to the central power grid — were actually incentives that were offered in the short term. Calling it ‘welfare’ for the wealthy, it said low income ratepayers should now receive a proper rate structure not having to subsidize rooftop solar owners.

Florida is another closely-watched solar state by other states around the nation on the issue.

The net metering issue is hardly limited to California and Florida. It may spread to other states in the future, hampering the growth of solar nationwide. After California’s CPUC ‘Punts’ On Solar Net Metering Decision, All Eyes Shift To Florida As State Bills Seek To Undermine Solar With New Metering Policy In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Eye Solar Metering In High-Potential Solar State.

The net metering issues in California and Florida can be overcome with management of reusable solar batteries. Solar system users can store energy from solar and use it when utilities charge top rates — during midday hours. Users can also used stored energy in batteries on cloudy days and at night.

Rechargeable solar batteries can address the net metering issues, if necessary. . These batteries are an important buffer for solar system owners. They can store excess electricity themselves — or share it with other solar system owners  in community energy-sharing groups.

Rather than selling excess electricity generated by solar, homeowners can store the energy in battery systems and use on cloudy days or in the evenings. They don’t have to see the excess electricity to the central grids managed by utilities.

SIRC is, fortunately, an authorized installer of Tesla’ s (NASDAQ: TSLA) PowerWall rechargeable solar battery system. That’s an add-on sales and installation for SIRC. If it faces supply chain issues, SIRC says it can also source from domestically-based manufacturers. That’s a strategy of end-running supply chain issues. SIRC acknowledges that solar management batteries are now a key element in selling solar systems to homeowners.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is also raising eyebrows of investors with its financial performance growth. It reported recently for Q3 of fiscal 2022 sales of $48.2 million, a YOY 964% jump. Also in the report it showed a $25.2 million operating profit. That represents 52% of total revenues in Q3 fiscal 2022.

In its acquisition pipeline are seven more companies, SIRC said recently. SIRC aims to buy them in all-cash transactions, without diluting its stock.

SIRC is well positioned because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

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 the current 26% to 22% in 2023.

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.

After California’s CPUC ‘Punts’ On Solar Net Metering Decision, All Eyes Shift To Florida As State Bills Seek To Undermine Solar With New Metering Policy In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Eye Solar Metering In High-Potential Solar State

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

Source: Stock Market Press

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