California Rooftop Residential Solar Battle Heats Up Between Major Utilities Asking CPUC Commission For More Grid Connection Dollars And Higher Metering Rates For Energy Storage And Solar Advocates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Commits To Clean Energy
California is the solar state — really? So why are the three top utility companies in the state at war with solar advocates over the price for residential homeowners with solar joining the central power grid and the price of net metering vs net billing for the energy solar energy creates. Meanwhile, California mandates almost all new residences since 2020 must be powered by solar. Companies such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) continue to focus on solar installations, energy storage and green clean energy. Groups such as savecaliforniasolar.org are fighting to keep California a solar state.
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), Apple (NASDAQ: AAPL), 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), Sunnova (NYSE: NOVA), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
California Rooftop Residential Solar Battle Heats Up Between Major Utilities Asking CPUC Commission For More Grid Connection Dollars And Higher Metering Rates For Energy Storage And Solar Advocates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Commits To Clean Energy
Solar residential homeowners — in a battle watched by solar advocates throughout the nation — are caught in the middle between solar advocates who mandated solar use in new residential construction and the BigThree utility companies in the state who have proposed to the California Public Utilities Commission (CPUC) higher rates to connect to the central electrical grid and net metering which could reduce the compensation received by homeowners for generating their own solar produced electricity. Solar advocates seek higher rates for solar energy, lower costs to connect to the electrical grid and a net billing structure rather than the net metering program currently employed.
The Pacific Gas & Electric Company (PG&E), San Diego Gas & Electric Company (SDG&E) and Southern California Edison (SCE) have submitted their combined proposals to the CPUC to improve their solar-related billing. Solar advocates have submitted their own proposals. A final decision on this solar issue is due by the end of 2021after more testimony before the CPUC by the Big Three Utilities and solar advocacy groups. Implications are that this dispute may impact the entire nation’s solar future.
In a national period of advocacy for solar, the issue could have key ramifications — and presage a national strategy of how to compensate solar residential homeowners for the solar they paid to generate for the central grid and monies back for prime time solar energy storage. California has been aggressive legislatively for mandated solar use. California Rooftop Residential Solar Battle Heats Up Between Major Utilities Asking CPUC Commission For More Grid Connection Dollars And Higher Metering Rates For Energy Storage And Solar Advocates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Commits To Clean Energy.
Susannah Churchill, Senior Regional Director of Vote Solar, said, “This proceeding is an opportunity for the Commission to lead the country on promoting greater equity in rooftop solar access.” According to Wall Street analysts, publicly listed solar firms such as Sunrun (NASDAQ: RUN), SunPower (NASDAQ: SPWR) and Sunnova (NYSE: NOVA), could be impacted by the proposed changes to California’s state rooftop solar program and regulations.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Seeks Larger Role In Solar
At stake is the financial attractiveness of solar nationally. Companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are rapidly expanding their solar footprint as they acquire and partner with more solar solutions installers nationally. In addition to federal tax credits, higher and larger, potential solar customers seek seek to cut their utility bills with solar electricity-generated by rooftop installations.
Solar-owned homeowners also are promised a payback for the initial cost of solar through reduced electrical costs and utility payments to them for the excess electricity they generate and contribute to the central grid. Storing excess electricity generated by solar is also an attractive selling point. California Rooftop Residential Solar Battle Heats Up Between Major Utilities Asking CPUC Commission For More Grid Connection Dollars And Higher Metering Rates For Energy Storage And Solar Advocates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Commits To Clean Energy.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its Clean energy Footprint Nationally.
By closing recently on the acquisition of five-state roofing and solar systems provider Cornerstone Construction, based in South Carolina, SIRC has gone nationwide with solar and roofing. Cornerstone currently operates in South Carolina, North Carolina, Arkansas, Oklahoma and Alabama. Southern California-based SIRC also recently closed on its purchase of multi-state solar company Enerev LLC. California Rooftop Residential Solar Battle Heats Up Between Major Utilities Asking CPUC Commission For More Grid Connection Dollars And Higher Metering Rates For Energy Storage And Solar Advocates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Commits To Clean Energy.
Massey: SIRC’s Cornerstone Construction Acquisition Is The ‘First Step’ To Going National
David Massey, SIRC CEO, said regarding acquiring Cornerstone Construction, “This significant acquisition is the first step in our company’s transition into a nationwide roofing and solar solutions provider. Throughout 2020, Cornerstone moved strategically into new markets including Charlotte, N.C., Charleston, S.C., Little Rock, Ar., Tulsa, Okla. and Foley, Ala. The company completed 1,000 installs of roofing and solar in 2020, generating over $15 million in sales with robust projected growth.” Massey added, “This is an exciting presence that we believe will help grow our acquisition pipeline nationally, helping to create value for our shareholders.” To learn more, go to https://cornerstoneconstruction.org/
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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