Due To Demand-Driven Sales, Solar Panel Installations Are Set To Grow By A 7.3% CAGR Rate From 2020-2026, New Study Reports; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Company Inside Of A Thriving Industry

Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026. That’s the finding of a new study titled, ‘Rooftop Solar Photovoltaic (PV) Installation Market’ by 360 Research Reports. If right, it documents the fast and continued growth of the solar installation market — despite pandemics, supply chain shortages, material price hikes and any other factors. Solar is here to stay.  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business is installation of rooftop solar — which this Report says is a long term thriving industry.

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).

Due To Demand-Driven Sales, Solar Panel Installations Are Set To Grow By A 7.3% CAGR Rate From 2020-2026, New Study Reports; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Company Inside Of A Thriving Industry

High demand for rooftop solar will drive installation sales through at least 2026 by a 7.3% fast CAGR, the report shows. The solar industry, like other construction specialties, is exposed to supply chain shortages, price hikes, pandemics/variants and all kinds of impediments. Yet, consumer demand for more solar installations will drive its future at least through 2026, it finds.

Solar system installers will be challenged to keep up with heightened consumer demand for new systems. Home heating oil and gas are rising in price and sometimes in scarce supply. Solar provides continuous heating/cooling energy and is priced right — especially in conjunction with peripherals such as solar rechargeable batteries. Together, they give solar system owners control to manage their own energy needs.

Another recent solar system research study — the new 14th annual solar survey by EnergySage — found that Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) were standouts in the field in 2H 2021 for winning quotes in the solar system industry. They were rated being the least expensive quotes (Tesla) and gaining the most market share in branded solar battery quotes (Enphase) in report period.

SolarSage found that there were 13% more battery storage systems installed in the second half of 2021. First and foremost, some 69% of solar buyers want backup power for their solar systems — and 51% want to achieve savings on utility rates. Financial considerings and savings are key to making solar purchase decisions.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) was a really big winner because it utilizes both Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) brands in its branded solar equipment for residential installations.

As SIRC builds a national footprint in solar installations, using the two most popular solar equipment brands is a positive trend. Due To Demand-Driven Sales, Solar Panel Installations Are Set To Grow By A 7.3% CAGR Rate From 2020-2026, New Study Reports; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Company Inside Of A Thriving Industry.

For years, SIRC has been a certified installer of Tesla’s PowerWall brand solar rechargeable batteries. It recently announced it has also reached a new pricing agreement with Enphase for the pricing of its ‘Enphase Energy System’ Including IQ Batteries, IQ Microinverters And Communications Software. It enables SIRC more margins for its national solar installations in 40 states from its 250+ sales teams and commercial development firms.

ENPH is a darling of Wall Street investors, who have exponentially increased the pricing and exposure of ENPH stock. Founded in 2006, Enphase’s revolutionary microinverter technology has changed the solar industry. The company has installed more than 39 million microinverters on some 1.7 million homes in more than 130 countries.

SIRC’s family of companies can now install in customer’s homes Enphase’s 3R rated IQ batteries designed to work with grid-tied solar panel systems. It offers customers reliable solar backup power and an all-in-one AC-coupled storage system that is smart, simple, and safe. Due To Demand-Driven Sales, Solar Panel Installations Are Set To Grow By A 7.3% CAGR Rate From 2020-2026, New Study Reports; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Company Inside Of A Thriving Industry.

The IQ8 is Enphase’s smartest microinverter yet and changes the paradigm for solar technology, which otherwise requires a grid connection to operate.

David Massey, founder and CEO of SIRC, says, “Enphase is a leader in home energy systems, and we are privileged to provide its energy solution to our over 250 sales teams spanning 40 states and our commercial development firms.

“I have used Enphase micro inverters since 2006 and have the utmost confidence in their products. Further integrating Enphase into our sales mix comes at an opportune moment as homeowners are increasingly interested in a backup battery system in a time of extreme weather and frequent power interruptions,” he concluded.

Financial savings are an important driver of a commitment to installing a solar system, the new report finds. That trend is an intriguing one because of the controversy over the impact of new net metering policies by state legislatures and utilities.

Nowhere is it seen in the new Solar Marketplace Intel Report™ that solar buyers want solely to use solar power cut carbon emissions from fossil fuel energy. That be an politically-correct end result, but  does not appear to be a driving force in buying solar.

This 14th study of the Solar Marketplace Intel Report™ reports that 34% of solar rooftop systems are bought for self-supply reasons. So, increasingly, solar residential systems are purchased: 1) to beat utility price points; 2) to create backup power; 3) for self supply; and to live completely off the grid.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state.

In Florida, where SIRC hopes to be a major solar factor, the opportunity for solar is great. Weather is perfect for solar.

SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business, which are potential buyers of solar systems,  can see clearly that 2022 offers them a rare chance to beat central grid electricity increases.

Due To Demand-Driven Sales, Solar Panel Installations Are Set To Grow By A 7.3% CAGR Rate From 2020-2026, New Study Reports; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Company Inside Of A Thriving Industry

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

Source: Stock Market Press

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