Biden Administration May Be Pro Solar, But Tariff Issues Over Polysilicon From China Could Impact Solar Industry In U.S.; First Solar, Inc.’s (NASDAQ: FSLR) New Solar Plant In Ohio Will Not Be Impacted; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Solar’s Future

The Biden administration may be pro solar and renewable energy, but the forced labor issue in China intertwined with solar panel manufacturing — particularly tariffs and polysilicon — put Biden in a difficult position. Polysilicon is a key factor in Biden’s decisions affecting Chinese solar panels. While First Solar, Inc. (NASDAQ: FSLR) may be building a $680 million solar plant in Ohio to serve as a prime U.S. solar panel manufacturing facility in the U.S., the American solar industry could be hurt if Biden puts new tariffs on polysilicon, a key element in Chinese solar panels. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing and is bullish on solar’s future.

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), 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).

Biden Administration May Be Pro Solar, But Tariff Issues Over Polysilicon From China Could Impact Solar Industry In U.S.; First Solar, Inc.’s (NASDAQ: FSLR) New Solar Plant In Ohio Will Not Be Impacted; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Solar’s Future

When it comes to solar, the Biden administration —- and Europe — are in a quandary. According to site Politico, most of the world’s polysilicon comes from China where it is an open secret that China’s forced labor is intertwined with solar panel manufacturing. “Nearly every silicon-based solar module — at least 95% of the market — is likely to have some Xinjiang silicon in,” said Jenny Chase, head of solar analysis at Bloomberg NEF. The solar industry wants to be social justice responsible — but maintain solar industry growth at the same time.

So Biden is in a difficult position, Place tariffs on Chinese polysilicon and hurt the U.S. solar industry and renewable energy — or fail to impose tariffs of any kind and let the domestic solar industry thrive. Studies show solar jumping 24% in 2021 and reaching a CAGR of 13.78% through 2026.

That assumes government support for solar. New tariffs on Chinese polysilicon would change that dynamic. Solar remains a positive investment — financially, socially and politically — for residential homeowners and commercial business owners. Political positive tailwinds from the Biden Administration bode well for solar’s future. Biden Administration May Be Pro Solar, But Tariff Issues Over Polysilicon From China Could Impact Solar Industry In U.S.; First Solar, Inc.’s (NASDAQ: FSLR) New Solar Plant In Ohio Will Not Be Impacted; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Solar’s Future.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its footprint nationally in solar and roofing. As its portfolio of companies grows in both green energy sectors, it has expanded in Board, its management team and commitment to solar and roofing. It recently acquired solar and battery sales company Future Home Power.  David Massey, CEO of SIRC, said he sees Future Home Power as a valuable business development arm for SIRC, driving sales. He also believes it can scale to volume of $1+ million per week. Future Home Power recently had a record-breaking sales day of $700,000, and SIRC complimented it for this achievement.

San Diego-based Future Home Power specializes in the sales of residential solar panels as well as battery storage — partnering with local installers to finalize on-site installation. Massey added, “Future Home Power is a true up and comer in the solar and battery storage business.”  Biden Administration May Be Pro Solar, But Tariff Issues Over Polysilicon From China Could Impact Solar Industry In U.S.; First Solar, Inc.’s (NASDAQ: FSLR) New Solar Plant In Ohio Will Not Be Impacted; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Solar’s Future.

Massey said, “Management believes that based on past historical performance and with the new additions (of sales representatives), Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.” Those sales would be at 45%+ gross margins and would be incremental to SIRC, Massey said.

SIRC has also stated that its companies use domestically manufactured solar panels whenever possible. That makes the tariff issue largely non-consequential to SIRC. The company remains bullish on solar, roofing and EV Charging Stations — three important business sectors to SIRC. Biden Administration May Be Pro Solar, But Tariff Issues Over Polysilicon From China Could Impact Solar Industry In U.S.; First Solar, Inc.’s (NASDAQ: FSLR) New Solar Plant In Ohio Will Not Be Impacted; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Solar’s Future.

First Solar’s (NASDAQ: FSLR) New Solar Plant In Ohio Is A Game-Changer

First Solar (NASDAQ: FSLR) is building a new solar manufacturing facility in Ohio that uses a proprietary method of making solar panels. Similarly, tariffs on Chinese solar panel materials — such as polysilicon — will not impact FSLR, it said.

The good news is that First Solar (NASDAQ: FSLR) plans for operations to begin in 2023 in its new solar panel factory in Ohio, but finding enough skilled workers may be a problem. FSLR is building a $680 million, 1.8 million sq. ft. solar panel facility that will be operational in 2023 and reach full capacity two years later. The bad news is that it will requite some 500 workers at a time of labor shortages in the U.S. “There clearly is a shortage of qualified workers. It is a concern of ours,” said Mark Widmar, CEO of FSLR. More automation may be the answer, and that plant will not be affected by any Chinese tariffs because it will manufacture solar panels by a different method not dependent on the Chinese, Widmar said.

Mark Widmar, talks about investing $680 million in new Ohio-based solar panel factory. He said the company is insulated from any negative impact from solar related tariffs or higher corporate tax rates. “He explained, “We believe we’re in a position where we can sustain headwinds” from solar-related tariffs or corporate taxes.

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

Source: Stock Market Press

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