As U.S. Infrastructure Legislation Bill Drags On, Solar Tailwinds For Solar And EV Charging Station Installations Such As Extension Of Federal Tax Credits Linger; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Intensifies Solar Sales And Ex-pands Footprint To 38 States

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

Congress may be back in session now, but the signature piece of legislation — the federal infrastructure bill — is losing steam, and with it the extension of solar tax credits’ by analysts as providing tailwinds for increased solar installation sales. The initial infrastructure bill at $1.2 trillion is now depending on Congress passing the $3.5 trillion budget bill, according to USA Today. Companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) would benefit if the bills are passed, leading to more solar installations subsidized by government tax credits.

According to one stock analyst, EV Charging Station stocks would also benefit from the infrastructure bill and $7.5 billion being allocated for the industry’s growth. SIRC is also in the EV Charging Station industry, through its dedication division and ownership of subsidiary PLEMco.

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 U.S. Infrastructure Legislation Bill Drags On, Solar And EV Charging Station  Tailwinds For Solar Installations Such As Extension Of Federal Tax Credits Linger; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Intensifies Solar Sales And Expands Footprint To 38 States

As both parties negotiate the pricing on the Infrastructure Bills, USA Today reports, it is becoming a more important piece of legislation as the mid-term elections approach. To solar installers, such as SIRC, the sooner the better. With a growing solar footprint in 38 states, SIRC would benefit from more and extended solar tax credits to make it fiscally feasible for homeowners and business owners to approve a solar/battery installation.

But the legislation appears to be taking more time than initially believed. As U.S. Infrastructure Legislation Bill Drags On, Solar And EV Charging StationTailwinds For Solar Installations Such As Extension Of Federal Tax Credits Linger; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Intensifies Solar Sales And Expands Footprint To 38 States.

In The EV charging station industry, the bills as now written would include $7.5 billion in an infrastructure package for EV Charging and government funded rebates and tax credits for electric car purchases. Solar Integrated Roofing Corp. (OTC PINK: SIRC), has applied for some $100 million in government grants to help them build more EV charging stations. David Massey, Chairman and CEO of SIRC, said that he remains hopeful that these grants will be approved — but they remain in applicant mode.

Analysts say some 28 U.S. House Democrat progressives see the already-passed $7.5 billion as insufficient and want much more. They seek as much as $85 billion for EV Charging infrastructure. That’s critical because some EV Charging gas stations and convenience stores are balking at spending on their own some $100,000 apiece for fast-chargers in a world where electric cars make up only about 3% of all U.S. new car sales today. Government grants, rebates and other incentives will have to spur sales of more EV vehicles and accompanying EV charging stations to service them and make self-imposed deadline goals for carbon emission controls.

To companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC), which has a dedicated EV Charging Station division, government grants and support is critical. SIRC  launched it EV Charging Station dedicated division when it acquired Pacific Lighting or PLEMco. PLEMco. has numerous government contracts. At SIRC the future in EV Charging Stations is getting brighter. David Massey, Chairman and CEO of SIRC, would be thrilled about receiving government grant support to expand more into the EV Charging Station industry.

Stock analysts say successful and passed Infrastructure Legislation could mean higher prices for EV Charging stocks, such as ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO) And Blink Charging (NASDAQ: BLNK). The positive result would not be any different for SIRC. As U.S. Infrastructure Legislation Bill Drags On, Solar And EV Charging StationTailwinds For Solar Installations Such As Extension Of Federal Tax Credits Linger; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Intensifies Solar Sales And Expands Footprint To 38 States.

Wall Street investors are beginning to see the potential of the EV Charging Station business, supporting American longer road trips and daily driving routines. Range-anxiety was seen as holding back electric vehicle sales. As more EV Charging Stations are built, that anxiety is diminishing. Electric car sales now represent 3% of all new U.S. car sales today, rather than the 2% it was several months ago.

So in both solar and EV Charging Stations, SIRC has a lot riding on the fate of the Infrastructure Billl. Congress will either have to compromise with conservative  senators and congressmen — lowing the amount of the trillion dollar packages — or settle for a lesser amount. Either way, the day of reckoning is coming.

States are also pushing ahead with grants to build more EV Charging Stations — regardless of federal Infrastructure funds. OEM EV makers are announcing partnerships for the installation and maintenance of power systems. As U.S. Infrastructure Legislation Bill Drags On, Solar And EV Charging StationTailwinds For Solar Installations Such As Extension Of Federal Tax Credits Linger; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Intensifies Solar Sales And Expands Footprint To 38 States.

Tesla, the leading EV vehicle OEM manufacturer, owns 56% of the electric charging market. Proving that electric cars manufacturing can be profitable — supported by the largest EV Charging Station network globally — Tesla (NASDAQ: TSLA) outperformed analysts’ predictions recently by delivering Q2 volume of $12 billion and a profit of $1.1 billion. Tesla (NASDAQ: TSLA) delivered more than a half a million vehicles last year and plans to exceed that number by more than 50% this year, the company said. As a result, Wall Street investors are warming to the EV Charging Station industry and watching for growth.

Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021with Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers such as Mercedes-Benz, Volkswagen and BMW AG setting self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in driving electric vehicle sales. As drivers become more confident in the range and charging ability of EV cars, they appear to like the new technology, ease of maintenance and social positives of non carbon-emitting transportation.

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

Source: Stock Market Press

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