EV Charging Stations A $7.5 Billion Winner In $1.2 Trillion Newly Passed Biparti-san Infrastructure Bill As Biden Seeks National Network Of 500,000 Chargers By 2030: Solar Funding Awaits Next $1.75 Trillion Package Approval

EV Charging Stations are a $7.5 billion winner in the newly passed bipartisan  $1.2 trillion infrastructure bill as President Biden wants a national network of 500,000 charging stations completed by 2030. Solar funding is the next step. A second bill with a $1.75 trillion green initiative spending package is now scheduled for a Congressional vote no later than the week of November 15th. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a $100 million applicant for EV Charging Station grants. It is now awaiting passage of the new spending program, which proposes an extension of solar tax credits among other solar funding initiatives.

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).

EV Charging Stations A $7.5 Billion Winner In $1.2 Trillion Newly Passed Bipartisan Infrastructure Bill As Biden Seeks National Network Of 500,000 Chargers By 2030: Solar Funding Awaits Next $1.75 Trillion Package Approval

Installers of EV Charging Stations, such as  Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA) and others will benefit on passage of the Infrastructure bill. Funding for electric vehicles and their EV Charging Stations means more money from the federal government in the $1.2 trillion infrastructure program.

Details of the $7.5 billion for electric chargers in the first spending package includes money to incentive electric vehicle buyers and the building of more EV Charging Stations. All are designed to help sell more electric cars and the charging network that supports them. President Biden still has not signed the newly  passed bill into law, but he will do so. The bi-partisan Infrastructure bill received 13 Republican approval votes.

The goal is to offer incentives, rebates and grants to get consumers to buy EVs. The goal in part is a Biden Administration deadline for a 500,000 EV Charging Station national network. Funding and grants are for electric vehicle OEM manufacturers and installers of EV Charging Stations. The spending is designed to alleviate range anxiety from potential buyers concerned about running out of charge on longer trips.

To SIRC and other installers of electric chargers, this could mean federal dollars to fund and speed the building of more charging stations. As a federal grant applicant to do so, SIRC could benefit from the newly passed passed infrastructure bill.  EV Charging Stations A $7.5 Billion Winner In $1.2 Trillion Passed Bipartisan Infrastructure Bill As Biden Seeks National Network Of 500,000 Chargers By 2030: Solar Funding Awaits Next $1.75 Trillion Package Approval.

SIRC is an applicant for about $100 million in government grants towards building more EV Charging Stations. David Massey, Chairman and CEO of SIRC, said he remains optimistic about approval on the grants — but said he had heard no definitive news yet.

SIRC and other installers will have to wait several more weeks on the solar funding, designed to incentivize potential buyers. The second part of the infrastructure spending program is in a separate bill that calls for funding social and environmental programs — such as more solar. It is scheduled for a new vote no later than the week of November 15, reports say.

As proposed now, the solar sector would receive funding for consumer and commercial buyers in the form of extensions of the solar tax credits. Passage in some form looks assured, especially if Democrats can win the support of Sen. Joe Manchin and Sen. Krysten Sinema.

The $550 billion in the new compromised $1.75 trillion second Infrastructure Bill is a compromise. The deal as now proposed includes about $320 billion in tax credits for companies that buy and build solar, wind and nuclear power, and drivers who purchase electric vehicles. The program would last 10 years, twice as long as previous clean tax credits, the Huffington Post reported.

In total, the new spending package calls for some $1.75 trillion. It includes $320 billion for clean energy initiatives via tax credits. It would mark the biggest spending program on climate investment in U.S. history.  EV Charging Stations A $7.5 Billion Winner In $1.2 Trillion Newly Passed Bipartisan Infrastructure Bill As Biden Seeks National Network Of 500,000 Chargers By 2030: Solar Funding Awaits Next $1.75 Trillion Package Approval.

Democrat progressives started with a proposal for $10 trillion in spending to reach full decarbonization. Now it has whittled down that proposal to a number far short of that. Progressive Democrats are not happy with the cuts, reports say.  Funding dollars for solar and EV Charging Stations is a priority and represent signature legislation for the White House.

EV Charging Stations A $7.5 Billion Winner In $1.2 Trillion Newly Passed Bipartisan Infrastructure Bill As Biden Seeks National Network Of 500,000 Chargers By 2030: Solar Funding Awaits Next $1.75 Trillion Package Approval

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

Source: Stock Market Press

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