EV Charging Stations And Solar Renewable Energy Federal Tailwinds In Limbo Today As Biden’s Proposed $6 Trillion Infrastructure Plan Still In Negotiations With Republicans Countering At $1 Trillion More; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Its Role In Both Clean Energy Sectors
Federal tailwinds behind EV Charging Stations and solar renewable energy are in limbo today (July 2, 2021) as negotiations between the two major parties drag on — and they are still far apart. The Democrats want $6 trillion while the Republicans are negotiating for $1 trillion more. The answer may lie somewhere in the middle. Green energy companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) remain bullish on dollar support for EV cars and charging stations grants and expanded federal credits for solar installations nationally. It will just take a little more patience for the infrastructure plan to be finalized.
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), 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 And Solar Renewable Energy Federal Tailwinds In Limbo Today As Biden’s Proposed $6 Trillion Infrastructure Plan Still In Negotiations With Republicans Countering At $1 Trillion More; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Its Role In Both Clean Energy Sectors
The $6 trillion program would inflict a $1.3 trillion deficit on the U.S. over a decade and create large new taxes. A major sticking point in the negotiations is the definition of infrastructure. Is it just roads, bridges and other brick-and-mortar repairs or should it include home care, education and other social issues, as envisioned by Democrats. At stake in final negotiations now could be renewable energy: solar, rechargeable batteries, EV vehicles, EV Charging Stations and wind turbines in Biden’s proposal.
The original proposal included $4 billion for electric vehicle infrastructure including electrifying the federal fleet of vehicles. Biden foresees a federal fleet of electric vehicles numbering some 600,000 with support of 500,000 EV Charging Stations nationally. A rebate program on sales of electric cars and trucks would begin this fall as EVs only account for some 2% of all vehicle sales today. EV Charging Stations And Solar Renewable Energy Federal Tailwinds In Limbo Today As Biden’s Proposed $6 Trillion Infrastructure Plan Still In Negotiations With Republicans Countering At $1 Trillion More; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Its Role In Both Clean Energy Sectors.
Included in the program as proposed by Biden is $174 billion towards subsidizing electric vehicle manufacturers, additional tax incentives for electric vehicle buyers, grants and incentive programs for charging station infrastructure and other EV vehicle support programs. That is on top of the $7,500 consumers are eligible for in tax credit subsidies for electric vehicles now.
Also awaiting the outcome over Federal renewable energy support spending, Solar Integrated Roofing Corp. (OTC PINK: SIRC) remains positive on clean energy — solar, rechargeable storage solar batteries, EV Charging Stations and new roofing. It even has applied for a multi million dollar Department of Energy grant to help it expand its network of EV Charging Stations, supporting the EV vehicle industry. EV Charging Stations And Solar Renewable Energy Federal Tailwinds In Limbo Today As Biden’s Proposed $6 Trillion Infrastructure Plan Still In Negotiations With Republicans Countering At $1 Trillion More; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Its Role In Both Clean Energy Sectors.
So the question is how vulnerable this spending becomes in the give-and-take of negotiations between Democrats and Republicans over a final infrastructure bill, even at far lower dollars than the total $6 trillion proposed now by Biden.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Remains Focused On Expanding Its Solar Footprint In Renewable Energy Sectors from Solar To EV Charging Stations
Federal tax credits could be crucial to solar’s future. Ito could mean faster closing of solar installations. EV Charging Stations And Solar Renewable Energy Federal Tailwinds In Limbo Today As Biden’s Proposed $6 Trillion Infrastructure Plan Still In Negotiations With Republicans Countering At $1 Trillion More; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Its Role In Both Clean Energy Sectors.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) has set at least $100 million preliminary 12 month revenue guidance through May 31, 2022, reflecting its rapid growth both through acquisitions and organic increases. David Massey, CEO of SIRC, said the company could grow volume even further in this time period if SIRC continues to populate its acquisition pipeline. SIRC has been rolling up roofers and solar and battery installers creating a true platform company as well as shoring up its back office and sales efficiencies/capabilities to scale nationwide, he said.
Massey added, “We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term.”
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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