Early 2022 Decision Due On Solar Panel Tariffs — Keep Them And Save Domestic Industry Or Cancel Them And Keep Supply Lines Open And Price Hikes In Check; Solar Integrated Roofing Corp. (OTC PINK: SIRC)Uses US-Made Solar Panels

 In NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

In early 2022, the U.S. must make a decision on solar panel tariffs first implemented by President Trump four years ago. Eliminate the tariffs and supply lines remain open and price hikes on solar panels are kept in check. Keep  tariffs and save the domestic solar panel manufacturing industry from foreign competition. What to do? 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.

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).

Early 2022 Decision Due On Solar Panel Tariffs — Keep Them And Save Domestic Industry Or Cancel Them And Keep Supply Lines Open And Price Hikes In Check; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Uses US-Made Solar Panels

President Biden’s administration is in a hard place making this decision. Industry advocacy groups, like Solar Energy Industries Association (SEIA), say, “Tariffs only stand in the way of by slowing growth of deployment and undermining efforts of to replace fossil fuels with cleaner renewable energy,” The Wall Street Journal reports.

Meanwhile, US makers of solar panels are petitioning to extend the tariffs another four years.

The US International Trade Commission (ITC) recommended that the tariffs be continued past their February 6, 2022 expiration date. In essence, the ITC expressed interest in protecting the domestic solar panel manufacturing industry.

But Biden makes the final decision.

The US Energy Department estimates that 40% of all US electricity could be generated by solar by 2030. The result could also be 1.5 million jobs. So the stakes are high.

Solar installers like SIRC want to see the industry grew nationally. As SIRC builds a nationwide brand and seeks an exchange up list to the OTCQB, it eats a decision of solar tariffs to grow the industry.

The Biden administration initially agreed with Trump’s extended and higher tariffs. Now, it’s a more difficult devising to extend tariffs another four years. Early 2022 Decision Due On Solar Panel Tariffs — Keep Them And Save Domestic Industry Or Cancel Them And Keep Supply Lines Open And Price Hikes In Check; Solar Integrated Roofing Corp. (OTC PINK: SIRC)Uses US-Made Solar Panels.

A U.S. Judge recently overturned Trump tariffs on some imported solar panels. The decision was reported by Reuters on NASDAQ. David Massey, chairman and CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), has consistently made clear that SIRC uses domestically-manufactured solar panels because they are of higher quality.

In the legal case, Solar Energy Industries Association vs. U.S., the SEIA argued that the tariffs were “an unlawful attempt to harshen tariffs.” Trump was trying to protect American solar makers from foreign competition. The Biden Administration, rarely in agreement with a Trump policy, agreed with the tariffs.

SIRC is halfway home. President Biden has signed the passed $1 trillion Infrastructure Bill into law.. It includes  $7.5 billion for electric vehicles and grants to propel building of more EV Charging Stations. Through its subsidiary PLEMCo., SIRC is in the EV Charging Station business and hopes to grow with more acquisitions in this space.

But the BBB better — which encompasses extended tax credits for solar installations and funding for solar initiatives — is in trouble. Its fate will be decided in 2022. Early 2022 Decision Due On Solar Panel Tariffs — Keep Them And Save Domestic Industry Or Cancel Them And Keep Supply Lines Open And Price Hikes In Check; Solar Integrated Roofing Corp. (OTC PINK: SIRC)Uses US-Made Solar Panels.

Solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are awaiting final approval of the pro-solar $1.75 trillion ‘Build Back Better’ bill. Its final form could call for less funding. But it is still in Congressional negotiations. BBB now calls for perks for solar buyers — such as an extension of federal tax credits for as long as 10 years.

BBB includes $320 billion for clean energy initiatives via tax credits. It would mark the biggest spending program on climate investment in U.S. history.

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.

For SIRC and other solar installation firms, the solar tax incentives proposed would enable them to close sales on more solar installations.

Early 2022 Decision Due On Solar Panel Tariffs — Keep Them And Save Domestic Industry Or Cancel Them And Keep Supply Lines Open And Price Hikes In Check; Solar Integrated Roofing Corp. (OTC PINK: SIRC)Uses US-Made Solar Panels

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

Source: Stock Market Press

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