Federal And State Governments Send Solar Buyers Cross Signals In California And Florida As Decisions On Net Metering Policy Are Due Out Soon; Solar Inte-grated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Have A Lot Riding On Outcome

The Federal and State governments are sending solar buyers mixed signals on whether to install rooftop solar systems. On one hand, governments are pushing incentives to help close solar sales — even on federally owned lands — at the same time public utilities in California and Florida are close to final decisions on net metering. In California, a final decision is just days away on whether utilities can pay solar homeowners less for excess solar-generated electricity and charge new fees for even accessing the central power grid. Florida is now in a similar situation. To solar installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC), a lot is hanging in the balance.

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Federal And State Governments Send Solar Buyers Cross Signals In California And Florida As Decisions On Net Metering Policy Are Due Out Soon; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Have A Lot Riding On Outcome

In California, the final decision on new net metering is due out this week. In Florida, the net metering change is still in the State legislature. A new survey finds that some 95% of consumers will not buy solar under the new program if passed in California — NEM 3.0.

Heavy hitters in California like former Governor Arnold Schwarzenegger and Elon Musk, CEO and Founder of Tesla (NASDAQ: TSLA), say they are against the new net metering changes.  In addition to electric cars, TSLA also manufactures rechargeable solar battery systems under the PowerWall name and Tesla solar roof tiles. SIRC is an authorized installer of PowerWall solar systems.

If NEM 3.0 is in final approval stages in California. A new study shows that potential solar buying households will not close on purchases if NEM 3.0 receives final approval.

An investment in solar revolves around saving the environment plus a fiscal savvy move for eventual  financial payback. Federal And State Governments Send Solar Buyers Cross Signals In California And Florida As Decisions On Net Metering Policy Are Due Out Soon; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Have A Lot Riding On Outcome

NEM 3.0 would lengthen the payback period to greater than 11 years — too long for home owners to purchase now. Solar batteries can help offer a shorter payback period and act as an incentive for homeowners to receive payback — with battery-driven solar energy management — to as low as six years again.

Utility companies in California and Florida are presented with net metering as a high income ratepayer being subsidized by low income ratepayers. California is the largest solar state in the nation with 1.3 million solar households. Solar, though, is newer in Florida — where it has only a 1% market penetration.

The Federal government is pro-solar, even offering grants for solar projects on federally-owned lands. So homeowners in California are living under a state mandate to install solar powered electric systems, yet face state utilities which are not particularly in favor of them if the y force higher rates on low income ratepayers.

As a result, all hangs in the balance for solar system sales and marketing teams plus technical installers, such as SIRC. Solar is a core business for SIRC.

Musk told The Wall Street Journal that the proposed policy — which would add new fees for solar customers to access the central grid and pay less for excess solar-generated electricity — is a “bizarre anti-environment move.” He called on Gov. Gavin Newsom to reject it.

Former Governor Schwarzenegger told The New York Times that finalizing the new proposed policy would make solar more expensive for rooftop solar systems, and serve as a disincentive for future potential buyers. “Now California is about to take a big step backward by setting up huge barriers for consumers to adopt solar panels,” he said.

The California Public Utilities Commission (CPUC) is due to vote on the proposed rules this week. It would go into effect by May. Federal And State Governments Send Solar Buyers Cross Signals In California And Florida As Decisions On Net Metering Policy Are Due Out Soon; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Have A Lot Riding On Outcome

“California should do more to incentivize clean energy in lower income areas,” Schwarzenegger said. Adding a new tax, he said, hurts the market and makes solar more expensive for everyone. The goal is to help California’s ‘most vulnerable,’ he said.

He also urged the state to encourage the installation of a million more solar batteries, helping homeowners better conserve and manage the energy they create from the sun. Instead, the utilities are seeking to cut some 80% of the credits they have issued to solar energy system users for the excess electricity the central grid purchases from them.

This is a critically, nationally-watched issue because California is the leading solar state — with 1.3 million solar rooftops in operations now. The new plan would mean solar owners would incur a new fee of some $57 a month for a ‘grid participation charge.’

It is also important because the move to lengthen the payback period for consumer solar systems, Bloomberg says, would lengthen the payback period for new solar systems to some 11 years. That would hurt solar system fiscal incentives and cut into solar sales. An ideal solar payback period is under 8 years,

That’s why solar batteries are being thrust into a new and decisive role in the future of California’s solar industries. If consumers can continue on themselves saving their own excessive electricity generated by solar — instead of selling to the utilities and their central grid — the payback period can be shortened again to less than eight years.

Enter SIRC as an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall solar battery system. The new California CPUC proposed ruling, if finalized in early 2022, could mean more solar and battery system sales and installations for SIRC in the new year.

To solar installers, such as SIRC, the final ruling has major consequences for its business. It is able to sell homeowners of investing in solar due to long-term paybacks in the form of federal tax credits and paybacks from utilities which buy solar generated-electricity.

Federal And State Governments Send Solar Buyers Cross Signals In California And Florida As Decisions On Net Metering Policy Are Due Out Soon; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Have A Lot Riding On Outcome

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

Source: Stock Market Press

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