Alternative Energy Companies Have Solar Suspense As Congress Negotiates In-frastructure Bills And Their $320 Billion Funding For Solar, Electric Cars, EV Charging Stations And Other Issues; Firms Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC),See $555 Billion Compromise Climate Sector Of Infra-structure Impacting All Alternative Energy
Before arriving in Europe this morning (Friday, October 29, 2021), President Biden negotiated a new Infrastructure Bill with Congress that would spend a compromise $555 billion on climate change. Within the package, would be $320 billion in tax credits for manufacturers/installers of solar, electric vehicles, EV Charging Stations wind and other renewable energy sectors. It would fund payments for buyers of electric vehicles. But Congress is on track to miss a Friday voting deadline (today, October 29, 2021) that Biden and House Majority Leader Nancy Pelosi wanted. Firms such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), and other solar and EV Charging Station firms are watching the voting process intensely.
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).
Alternative Energy Companies Have Solar Suspense As Congress Negotiates Infrastructure Bills And Their $320 Billion Funding For Solar, Electric Cars, EV Charging Stations And Other Issues; Firms Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC),See $555 Billion Compromise On Infrastructure Impacting All Alternative Energy
The $550 billion in the new compromised Infrastructure Bills are a compromise between Left and Right factors in the Democrat party. “The deal, according to a factsheet the White House published Thursday morning, includes about $320 billion in tax credits for companies that buy and build solar, wind and nuclear power, and drivers who purchase electric vehicles. The program would last 10 years, twice as long as previous clean tax credits,” the Huffington Post reported.
In total, the Infrastructure Bills would spend $1.75 trillion, including the $320 billion on clean energy initiatives via. tax credits. It would mark the biggest spending program on climate investment in U.S. history, it said. But scientists and economists say the U.S. needs to spend even more to keep environmental warming from soaring to “catastrophic levels.”
Progressives want more small-modular nuclear reactors. Democrat progressives wanted even more that what is in the compromise: $10 trillion to reach full decarbonization, the report said. Alternative Energy Companies Have Solar Suspense As Congress Negotiates Infrastructure Bills And Their $320 Billion Funding For Solar, Electric Cars, EV Charging Stations And Other Issues; Firms Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC),See $555 Billion Compromise Climate Sector Of Infrastructure Impacting All Alternative Energy.
House Leadership told CBS News that there would be no vote last evening (Thursday) on the $1.75 billion revamped spending Infrastructure Plan. This is in addition to the prior $1 trillion infrastructure bill. President Biden is now in Rome, but the bills he supports have not received Congressional approval. This bill’s price could even rise to $1.85 trillion, if immigration reform costs are added, CBS said.
At stake in these negotiations are funding dollars for solar and EV Charging Station company, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC). SIRC is the solar, roofing, renewable solar battery and EV Charging Station eco-system of green energy. To solar buyers, the Infrastructure bills would offer buyers new tax incentives, CBD News reported.
Pablo Diaz, CEO of USA Solar Networks, a SIRC subsidiary, that SIRC is touched in every renewable energy business by the Infrastructure Bills — from solar to EV Charging Stations. He said, “The most prolific way to lower the carbon footprint is solar.” SIRC is in the EV Charging Station industry via its subsidiary, PLEMCo.
SIRC is also an applicant for about $100 million in government grants towards building more EV Charging Stations. David Massey, Chairman and CEO of SIRC, said he remains optimistic about approval on the grants — but said he had heard no definitive news yet. Alternative Energy Companies Have Solar Suspense As Congress Negotiates Infrastructure Bills And Their $320 Billion Funding For Solar, Electric Cars, EV Charging Stations And Other Issues; Firms Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC),See $555 Billion Compromise Climate Sector Of Infrastructure Impacting All Alternative Energy
Alternative Energy Companies Have Solar Suspense As Congress Negotiates Infrastructure Bills And Their $320 Billion Funding For Solar, Electric Cars, EV Charging Stations And Other Issues; Firms Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC),See $555 Billion Compromise Climate Sector Of Infrastructure Impacting All Alternative Energy.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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