Biden’s Tariff Decision Intended To Give Domestic Solar Makers Time To ‘Adjust’ To Import Competition As US Energy Department Sees Solar Generating Up To 40% Of American Electricity Within 15 Years; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

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President Biden’s decision on solar tariffs didn’t appease everyone — but in hindsight it may have achieved its purpose of extending them and giving domestic solar manufacturers time to ‘adjust’ to import competition. At the same time, the split decision had the foresight to embrace the Energy Department’s forecast that up to 40% of all US electricity could be generated by solar within 15 years. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business Is solar.

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).

Biden’s Tariff Decision Intended To Give Domestic Solar Makers Time To ‘Adjust’ To Import Competition As US Energy Department Sees Solar Generating Up To 40% Of American Electricity Within 15 Years; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

The split decision by Biden extended the tariffs another four years — but let double the number of panels from abroad (primarily China-made) enter without any levies. To many solar installers, the decision was received well — but US solar-makers are unhappy this domestic industry was not protected.

Meanwhile, the Biden Administration is up to three the number of California large scale solar farm initiative projects approved by the US government, on federally-owned land. The Energy Department foresees a ten-fold increase in solar power if solar meets its deadline of delivering up to 40% of the nation’s electricity within 15 years.Trump’s solar tariffs were set to expire on Sunday before the Biden administration made its final decision.

One happy reaction to the decision came from the American Clean Power Association. Heather Zichal, CEO and a President Obama former energy advisor, exclaimed of the decision when she told ABC News, “It gives the domestic solar manufacturing industry four more years to adjust to import competition as intended by the statute.”

She added, “It’s a win for jobs and a win for the President’s climate agenda.” Biden’s Tariff Decision Intended To Give Domestic Solar Makers Time To ‘Adjust’ To Import Competition As US Energy Department Sees Solar Generating Up To 40% Of American Electricity Within 15 Years; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar.

Not everyone agreed with her, but the decision was designed to ensure that domestic solar companies had some tariff protection — while ensuring that solar continues to play a manor role in the next four years in delivering alternative energy.

Solar industry advocacy groups, like Solar Energy Industries Association (SEIA), tells ABC News Biden’s decision, “recognizes the importance of this innovative technology” and is “a massive step forward in producing clean energy in America and tackling climate change.”

David Massey, chairman and CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), has said repeatedly in interviews and Q&A sessions that SIRC tries to use US-made solar panels whenever possible — with quality a key issue in making that selection.

President Trump first imposed the tariffs in January 2018. Solar lobby group SEIA would have preferred all solar tariffs were lifted entirely, but Abigail Ross Hopper, Association president, appears happy with the outcome, calling it a ‘balanced decision.’

About two-thirds of the solar modules that go on rooftop installations originate in China. Another 15% are made by other countries in Southeast Asia.

Solar installers like SIRC want to see the solar industry grew nationally. As SIRC builds a nationwide brand and grows in size,it seeks an exchange up list. Biden’s Tariff Decision Intended To Give Domestic Solar Makers Time To ‘Adjust’ To Import Competition As US Energy Department Sees Solar Generating Up To 40% Of American Electricity Within 15 Years; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar.

As part of an eco-system alternative energy spending package, Biden’s ‘Build Back Better’ bill is a massive social spending bill. It also allocates funding support for solar, wind and other alternative energy sectors. To get it passed, Biden may need to slice it up and offer it in acceptable ‘bites’.

Biden’s Tariff Decision Intended To Give Domestic Solar Makers Time To ‘Adjust’ To Import Competition As US Energy Department Sees Solar Generating Up To 40% Of American Electricity Within 15 Years; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

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

Source: Stock Market Press

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