An Eight Year Solar Payback Period Looms Large This Year As Federal Invest-ment (ITC) Tax Credits For a Solar Investment Drops To 22% In 2023 Then Goes Away In 2024 As Studies Show Eight Years Is The Most Impactful Payback Tim-ing; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar And Alternative Energies

 In NASDAQ: BLNK, NASDAQ: CSIQ, 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

This is the year when solar should be hitting its peak. New studies show that consumers want eight year paybacks via Federal Investment Tax Credits (ITC), top dollar credits at 26% this year and peak sellbacks to solar-generated electricity to utilities Consumers also want continuity of service protection from rolling blackouts and outages.This is the magic time before ITCs drop to 22% next year and disappear in 2024 and utilities impose new net metering policies to pay less when buying solar electricity. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), solar installations are a core business.

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).

An Eight Year Solar Payback Period Looms Large This Year As Federal Investment (ITC) Tax Credits For a Solar Investment Drops To 22% In 2023 Then Goes Away In 2024 As Studies Show Eight Years Is The Most Impactful Payback Timing;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar And Alternative Energies

Financial savings drive solar system sales, new studies show. This is the magic year when federal tax credits for solar peak at 26% — compared to only 22% in 2023 and 0% in 2024 — and solar system buyers want an 8-year or soon payback on their investments.

Unfortunately, utilities are seeking net metering rules to but the rates they pay homeowners for solar — and perhaps care them, too, for access to the central grid. Studies show the most effective payback period is eight years. After that, solar system owner want to begin seeing savings after they’ve been paid back for solar.

They foresee tax credits, payments from utilities and even the safety from continuous service — free from blackouts and outages. Time may not be on their side. They need to act quickly to start the process of installing solar now.

SIRC, applying to change its corporate name to SolarEV to FINRA, believes solar w/battery installations offer potential rooftop solar system buyers a great opportunity to enjoy the benefits of solar with an eight payback period. This would include peak tax credit paybacks and rechargeable solar battery storage of accumulated solar-generated electricity.

An Eight Year Solar Payback Period Looms Large This Year As Federal Investment (ITC) Tax Credits For a Solar Investment Drops To 22% In 2023 Then Goes Away As Studies Show Eight Years Is The Most Impactful Payback Timing;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar And Alternative Energies.

The new 14th annual Solar Marketplace Intel Report™ from EnergySage found that solar buying consumers look to federal solar energy tax credits of 26%, payback savings from selling excess electricity to utilities and the safety of sustainability from blackouts and other energy interruptions, actually drive the  sales. The greening of the ecology is important in the buying decision — but saving money takes top priority. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other solar installers see solar promising long term.

The Solar Marketplace Intel Report™ by SolarSage documents that while consumers want backup rechargeable solar batteries, they also want safety from blackouts and other energy interruptions. Federal tax credits of 26% is seen as key to helping them afford rooftop solar systems. They also want full payback from their utility companies for excess solar-generated electricity

Electric cars are going higher in price, but compared to the immediate high prices for gas, it is beginning to make fiscal sense for the individuals who can afford to go all-electric. As Tesla (NASDAQ: TSLA) prices top $100,000 now — if you can find and wait for new OEMs — consumers will do so on a fiscal basis. A clean environment is nice, but savings from sky-high fossil fuels is a significant driving factor.

Nowhere is it seen in the study that solar buyers want solely to use solar power to cut carbon emissions from fossil fuel energy. That may be an end result, but it is not a driving force in buying solar. An Eight Year Solar Payback Period Looms Large This Year As Federal Investment (ITC) Tax Credits For a Solar Investment Drops To 22% In 2023 Then Goes Away As Studies Show Eight Years Is The Most Impactful Payback Timing;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar And Alternative Energies.

SIRC is building its national footprint and branding in solar installation. It is in the midst of changing its corporate name to SolarEV — reflecting its two top alternative energy priorities — and it sees opportunities in helping build a national network of EV Charging Stations nationwide, with the help of government funding grants.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state. This is the situation in states such as California — which has 1.3 million solar system households. Central electricity grids cannot handle all the solar powered electricity they receive from solar system owners.

In Florida, where SIRC hopes to be a major solar factor, the opportunity for solar is great. Weather is perfect for solar, but utilities such as FP&L are hurting the growth of residential solar by backing a controversial bill requiring a change net metering pricing policy seemingly against solar owners and in favor of lower income ratepayers. The measure is so controversial that California — the nation’s largest solar state — it has been ‘punted’ away with no resolution.

An Eight Year Solar Payback Period Looms Large This Year As Federal Investment (ITC) Tax Credits For a Solar Investment Drops To 22% In 2023 Then Goes Away In 2024 As Studies Show Eight Years Is The Most Impactful Payback Timing;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar And Alternative Energies

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

Source: Stock Market Press

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