Federal Tax Credits And New Grants Drive Solar And EV Charging Station Boom As President Biden Sets Multi Trillion Dollar Infrastructure Agenda For Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Focus On Clean Energy Applying For $20-$40 Million DOE Grant

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

U.S. government federal tax credits, new grants and financed statewide incentives are  driving a boom in solar installations, EV vehicle and EV Charging Stations as part of President Biden’s $2.3 trillion renewal energy infrastructure agenda. Word now from the U.S. Transportation Department is that $100 billion of that money will be used to fund new rebate for all-electric, zero-emission cars, including $15 billion for more electric charging stations. The Department of Energy (DOE) is also sponsoring new solar and EV incentives, partly with the goal by DOE of cutting solar costs in half by 2030. The government’s green agenda supports renewable energy such as solar and EV with tax credits, incentives and funds used by states to support these sectors. A $2.3 trillion new Infrastructure Plan focuses on green renewable energy such as solar and wind energy. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is already benefitting from the solar financial support and has applied for a $20-$40 million DOE grant for EV.

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).

Federal Tax Credits And New Grants Drive Solar And EV Charging Station Boom As President Biden Sets Multi Trillion Dollar Infrastructure Agenda For Renewable Energy;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Focus On Clean Energy While Applying For $20-$40 Million DOE Grant

For EV vehicles, the government offers consumers tax incentives up to $7,500 per all-electric and hybrid vehicle depending on the specific performance of the car. In turn, that drives for companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) more demand for EV charging stations nationwide. Biden has set a goal of building 500,000 EV charging stations nationally and is spending dollars as part of the infrastructure program to support their construction. He also envisions a federal fleet of 600,000 all-electric government owned vehicles.

Additionally, the DOE is offering large dollar grants to support EV charging station installations Some of these are direct grants to companies such as Tesla (NASDAQ: TSLA) and General Motors (NYSE: GM) and others are to state governments which in turn through their own organizations offer incentives and rebates locally to EV charging station installation companies. Solar Integrated Roofing Corp. (OTC PINK: SIRC) in its recent letter to shareholders divulged it is applying for a DOE $20-40 million grant for EV charging station installers. Federal Tax Credits And New Grants Drive Solar And EV Charging Station Boom As President Biden Sets Multi Trillion Dollar Infrastructure Agenda For Renewable Energy;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Focus On Clean Energy Applying For $20-$40 Million DOE Grant.

In solar, the DOE and its Solar Energy Technology Office (SETO) are making grants of between $300,000-$5 million for solar-thermal research projects and companies expanding solar to new markets. The goal: a decarbonized electricity system by 2035, a 100% clean energy economy with net-zero emissions by 2050.  President Trump and President Biden signed into law higher and longer federal tax credits for solar buyers — incentivizing consumers to buy solar and offering solar installers such as SIRC a booming industry to install more solar roofs and install more solar batteries. This includes Tesla’s (NASDAQ: TSLA) Powerwall solar storage battery system. SIRC is an official installer of Powerwall.

Regardless of whether it is related to solar, wind or EV, the clean energy strategy is a Biden administration priority under the “Build Back Better” strategy. Biden finds himself under pressure from the left wing of the Democratic party to spend even more for renewable energy in the future. He is being asked to  spend upwards of $10 trillion — $1 trillion a year over the next 10 years — for a new green infrastructure plan. The clean energy push in the new program means the DOE will spend more money to speed up the implementation of clean energy.

In solar, the new DOE funding will help advance two emerging materials used to create solar cells. They have the potential to make super thin film solar cells with very low production costs. DOE grants and seed capital of $43 million can help speed their impact on solar production costs in the U.S., experts say.

As a result of all this new federal funding — through tax credits, grants and other incentives — solar lobbying groups such as SEIA say they see a quadrupling of solar installations by 2030. That, linked to cost-cutting measures, could mean solar will have far more impact faster on clean energy in the future. EV energy storage is also an important factor of this program — a classification that Solar Integrated Roofing Corp. (OTC PINK: SIRC) has entered. Federal Tax Credits And New Grants Drive Solar And EV Charging Station Boom As President Biden Sets Multi Trillion Dollar Infrastructure Agenda For Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Focus On Clean Energy Applying For $20-$40 Million DOE Grant.

SIRC On An Acquisition Spree In Clean Energy Solar, EV Charging Stations

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is focused on growing in clean energy and particularly solar and EV battery energy storage. SIRC has been on an acquisition spree in solar and EV charging station companies. Federal Tax Credits And New Grants Drive Solar And EV Charging Station Boom As President Biden Sets Multi Trillion Dollar Infrastructure Agenda For Renewable Energy;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Focus On Clean Energy Applying For $20-$40 Million DOE Grant.

SIRC has closed on the takeover of EV station firm Pacific Lighting Management or PLEMco for its new dedicated EV charging station division. Massey, CEO of SIRC said, “Getting into EV charging was a really big move for us.” Learn more about Pacific Lighting at http://www.pacltg.com/

SIRC Closes On Acquisition Of Multi-State Roofing And Solar Installer Cornerstone Construction

SIRC recently closed on its purchase of another established clean energy renewable  solar and roofing solutions providers and installer Cornerstone Construction. With operations in five states, Cornerstone Construction is eyed by SIRC to increase it’s solar installation activity, Massey told Money TV this week.

SIRC also acquired solar installler Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. SIRC also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.

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

Source: Stock Market Press

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