Commercial Solar Jumps Five Fold Via ‘Power Purchase Agreements’ International Energy Agency (IEA) Says In New Study As Alternative Energy Booms And Com-panies Hedge Against Higher Energy Costs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Solar Footprint Nationally

The International Energy Agency (IEA) predicts in new study a big jump in commercial solar through ‘power purchase agreements’ (PPA’s) as corporations hedge against sharply higher energy costs by locking in long term renewable energy contracts. Last year, the IEA newly reports, corporations globally used those agreements to secure 25 gigawatts of renewable energy — more than five fold higher than 2015 levels. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), this trend represents another revenue stream in its core business — solar installations.

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).

Commercial Solar Jumps Five Fold Via ‘Power Purchase Agreements’ International Energy Agency (IEA) Says In New Study In New Study As Alternative Energy Booms And Companies Hedge Against Higher Energy Costs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Solar Footprint Nationally

This five-fold jump is an attractive opportunity for installers like SIRC because it means that green, or alternative energy, is seen by corporations as not just the right thing to do for the environment, but also as a cost-saving measure. That makes larger and longer lasting solar installations a broader and international opportunity for installers such as SIRC.

The Wall Street Journal reports that the IEA finds that 90% of PPAs in North America carry a fixed-price structure for electricity. As a result, these PPAs can protect businesses from volatile or rising central grid electric prices. To SIRC and other solar installers, these price-hedging PPA’s are a newer and attractive alternative for commercial markets domestically and internationally.

As SIRC grows its solar footprint, PPA’s may be another revenue stream for this fast-growing company which is now an applicant for an up list to the OTCQB marketplace. SIRC already has infrastructure in place to offer renewable or solar energy under the PPA’s long-term contract structure.

For SIRC and other solar installers, the IEA paints an upbeat picture of alternative energy solar installation records. Despite price hikes for solar panels, supply chain bottlenecks, political issues in China, and even legislative turbulence at home, the outlook for solar remains bright. The IEA forecasts a 3% gain in solar this year over a solid 2020 — and more installation record levels through 2026. As electric rates continue to rise, solar is increasing faster via PPAs and other agreements.

Federal and state funding is providing more fiscal tailwinds for solar. Alternative energy solar is seen as a growing opportunity compared and less expensive clean alternative to central grid electricity, powered by coal and other fossil fuels. Not only is the environment a key issue in the choice for solar, but larger and extended federal tax credits are playing a role. Both are important to small and large businesses.

According to a The Wall Street Journal analysis, US states have promised $480 billion for renewable alternative energy projects with the majority of those funds expected be spent before 2024. Homeowners and business owners are choosing solar to beat central grid rising electricity costs — and to play a role in eliminating carbon emissions. Cost-effectiveness now helps create more solar installations.

Internationally, the IEA forecasts that the U.S. (30%) and India (30%) will be among top tier leaders in alternative energy as a percentage of total energy usage, the report IEA finds. Commercial Solar Jumps Five Fold Via ‘Power Purchase Agreements’ International Energy Agency (IEA) Says In New Study As Alternative Energy Booms And Companies Hedge Against Higher Energy Costs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Solar Footprint Nationally

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a national solar installer brand with multiple subsidiary companies with solar as its core business. Not only is SIRC in solar, it is also an authorized installer of Tesla (NASDAQ: TSLA) brand PowerWall solar rechargeable battery systems.

Not only is SIRC’s future bright in solar alternative energy, it is also gaining in national branding profile. Within the investment financial community, it is striving to become a larger and more recognized entity.

Last week it reached a ‘milestone’ by submitting its up list application complete with Form 10 and completed audit to the OTCQB® Venture Market. David Massey, Chairman and CEO of SIRC, said approval of the application would result in the Company attaining a higher profile within the investment community and would also help its exposure with institutional investors.

Massey said, “Our application to up list to the OTCQB marks an important milestone for our Company and will help to build shareholder value along with our strong organic growth from our complementary solar, roofing and EV Charging brands.

“Joining the OTCQB raises our profile within the investment community, which we expect will help improve liquidity, broaden our shareholder base and position us for a NASDAQ up listing in the future,” he concluded. Commercial Solar Jumps Five Fold Via ‘Power Purchase Agreements’ International Energy Agency (IEA) Says In New Study As Alternative Energy Booms And Companies Hedge Against Higher Energy Costs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Solar Footprint Nationally

The up listing application is subject to the approval of the OTC Markets and the satisfaction of applicable listing requirements, the Company said. OTCQB is a trading platform is operated by the OTC Markets Group in New York. SIRC said it is a premiere marketplace for early-stage and developing U.S. and international companies.

Massey further added, “We believe our recent acquisitions, rapid sales growth, and transformation into a national brand will accelerate this goal. In addition, trading on this established public market will help to generate exposure of our Company among institutional investors.”

Commercial Solar Jumps Five Fold Via ‘Power Purchase Agreements’ International Energy Agency (IEA) Says In New Study As Alternative Energy Booms And Companies Hedge Against Higher Energy Costs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Solar Footprint Nationally

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

Source: Stock Market Press

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