As Solar Pricing Increases, New ‘Amorphous Solar Panels’ Gain Traction On Curved Surfaces Or Smaller Spaces — They Are Discreet And Not For Rooftop In-stallations; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is In The Solar Space
‘Amorphous Solar Panels’ offer potential buyers a new twist on solar systems. They are discreet, fit in small spaces and on top of curved spaces. But they are not now candidates for traditional rooftop solar systems, which require a heftier traditional solar panel. The amorphous solar is more of a thin film, forming an extremely thin layer of silicon on top of a substrate. But they have low efficiency. Solar Integrated Roofing Corp. (OTC PINK: SIRC) core business is in traditional rooftop solar panels and rechargeable solar battery systems, such as Tesla’s (NASDAQ: TSLA) PowerWall.
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).
As Solar Pricing Increases, New ‘Amorphous Solar Panels’ Gain Traction On Curved Surfaces Or Smaller Spaces — They Are Discreet And Not For Rooftop Installations; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is In The Solar Space
The importance of amorphous solar is that it offers homeowners with only smaller, non-rooftop space, to install a lower cost but less efficient solar system. It converts solar rays to electricity on a smaller scale. Amorphous solar is based on a thin film, and really not commercially available now. SIRC uses traditional more expensive and more efficient rooftop solar panels for its core business.
Amorphous panels are lighter and cheap to install, especially as traditional solar panels have in the past year become more expensive after a long term drop in prices.
One analysis finds that amorphous cells are generally used in low-power, small space situations. Their advantage is that they offer users a unique design and opportunity to design them for smaller space use.
Amorphous solar can also be used in outdoor lighting, security devices, clocks & watches and car accessories.
Advantages of the amorphous panels are that they are more sustainable because they use less silicon to be produced. They also cost less than traditional solar panels.
Disadvantages are they are less efficient than traditional sola panels. Amorphous solar is only 7% efficient compared to 20%+ for traditional solar panels. If mounted on top of a rooftop, owners will require more space to obtain the same output as traditional solar panels.
But amorphous solar is good for larger rooftop spaces, greenhouses or windows. The good news: amorphous is also eligible for the solar tax credit. As Solar Pricing Increases, New ‘Amorphous Solar Panels’ Gain Traction On Curved Surfaces Or Smaller Spaces — They Are Discreet And Not For Rooftop Installations; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is In The Solar Space.
Panasonic is one of the companies that offer amorphous solar —- under the brand name Amorton. Other companies offer it, too.
Meanwhile, solar appears to have a solid growth future. A new Wood Mackenzie report noted that solar could overcome headwinds and solar deployments would triple by 2026 and help offset an additional 83 million tons of carbon.
Unfortunately, supply shipping postponements and higher pricing could impact results. While solar prices of components dropped 12% between Q1 2019 and Q1 2021, the Report says price spikes in the past six months have erased all these savings in this two year period.
It acknowledges that Federal tax credits could help stimulate solar sales and deployments in nascent states. For example, Texas would add 7 GW of additional solar capacity over the baseline forecast by 2026, reaching 44 GW of cumulative capacity. But the passage of new laws is a necessity.
Another report sees solar rooftop and other renewable energy sources growing over the next three years to generate at least 30% of the nation’s capacity. New solar panel technologies and mid-January solar incentive grants are helping drive the growth in solar installations and more renewable energy, site ENRCalifornia recently reports. That;s important positive news for installers like Solar Integrated Roofing Corp.(OTC PINK: SIRC). Today, renewable energy only generates for 25% of the U.S. total capacity.
The move within three years to generate 30% of the nation’s electrical capacity —- from just 25% today — needs momentum from new funding and technology. This includes incentive awards for new rooftop and small-scale solar projects. As Solar Pricing Increases, New ‘Amorphous Solar Panels’ Gain Traction On Curved Surfaces Or Smaller Spaces — They Are Discreet And Not For Rooftop Installations; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is In The Solar Space.
Solar and other renewables are generating a greater percentage of the nation’s capacity needs. 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.
SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.
Homeowners and small business, which are 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 to beat the solar federal tax credit 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.
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.SIRC can play a key role in that solar savings strategy.
As Solar Pricing Increases, New ‘Amorphous Solar Panels’ Gain Traction On Curved Surfaces Or Smaller Spaces — They Are Discreet And Not For Rooftop Installations; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is In The Solar Space
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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