Florida’s Proposed Solar New Metering Policy Is Winding Its Way Through State Committees As Net Metering Showdown Looms In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Monitor Solar Meter-ing Legislation In High-Opportunity Solar State

Slowly but surely Florida is on a rooftop solar system showdown with public utilities as proposed state legislation on net metering in Senate and House committees is winding its way to a major vote. In Tallahassee, the State Senate Community Affairs Committee voted six-to-three to approve the measure, according to CBS Miami TV. That Committee did make some changes — such as phasing in lower and reduced credits for solar homeowners when they sell solar-generated electricity to utility solar grids.The Committee voted to phase those in over a seven year period, attempting in a compromise to make them less painful to solar owners. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other solar installers are watching the state legislation with interest.

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),  Enphase Energy (NASDAQ: ENPH), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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).

Florida’s Proposed Solar New Metering Policy Is Winding Its Way Through State Committees As Net Metering Showdown Looms In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Monitor  Solar Metering Legislation In High-Opportunity Solar State

The move comes after California’s Public Utilities Commission (CPUC) ‘punted’ away from a final decision on solar net metering. Now all eyes are tuned to Florida and its proposed state bills which would adopt a similar solar net metering policy. California is the most heavily penetrated solar state in the union with 3.1 million rooftop solar systems. By contrast, Florida has a low market share of private rooftop solar systems — giving it the greatest room to grow.

Public Utilities and the former Chairwoman of the Florida Public Service Commission, Lisa Edgar, say that the initial credit structure was voted into law in 2008 — and is now ‘outdated.”  In Florida, solar rooftop is still in its infancy. Rooftop solar has a tiny penetration in Florida — only about 1% of households. That spells big-time opportunity for solar installers.

The Sierra Club’s David Cullen calls the propose net metering legislation a rooftop solar killer.  Florida’s Proposed Solar New Metering Policy Is Winding Its Way Through State Committees As Net Metering Showdown Looms In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Monitor  Solar Metering Legislation In High-Opportunity Solar State.

It would next need to be approved by the Senate Rules Committee before going to the full Senate for a vote. Meanwhile, the Florida State House Tourism, Infrastructure & Energy Subcommittee has already approved a House version of the Bill, CBS Miami TV said.

Legislative bills introducing net metering policies like California would undercut the growth of solar and make it less attractive fiscally to potential buyers — hurting solar manufacturers and installers.

The Wall Street Journal recently came down on the side favoring net metering. It argued that the attractive fiscal package for rooftop solar owners — including well paid compensation by utilities of excess electricity powered by solar, through access to the central power grid — were actually short term incentives only.  Calling those payments or credits ‘welfare’ for the wealthy, it said low income ratepayers should now receive a proper rate structure and should be required to subsidize rooftop solar owners.

The net metering issue is hardly limited to California and Florida. It may spread to other states in the future, hampering the growth of solar nationwide. California indefinitely postponed its difficult political decision on solar net metering — canceling a final hearing and not making any final decision to the CPUC.

Now state legislation on solar net metering is moving through the Committee process — but it will come up before full state House and Senate votes in the future. Net metering issues in California and Florida can be overcome with management of reusable solar batteries. Solar system users can store energy from solar and use it when utilities charge top rates — during midday hours. Users can also used stored energy in batteries on cloudy days and at night.

Rechargeable solar batteries can address the net metering issues, if necessary. . These batteries are an important buffer for solar system owners. They can store excess electricity themselves — or share it with other solar system owners  in community energy-sharing groups.

Rather than selling excess electricity generated by solar, homeowners can store the energy in battery systems and use on cloudy days or in the evenings. They can also set up community sharing projects to help other rooftop solar owners conserve solar-generated electric power.

SIRC is, fortunately, an authorized installer of Tesla’ s (NASDAQ: TSLA) PowerWall rechargeable solar battery system. That’s an add-on sales and installation for SIRC. Florida’s Solar Proposed New Metering Policy Is Winding Its Way Through State Committees As Net Metering Showdown Looms In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Monitor  Solar Metering Legislation In High-Opportunity Solar State.

As Solar Integrated Roofing Corp. (OTC PINK: SIRC) builds its national solar footprint as a brad, it is attracting the attention of investors with its financial performance growth. It reported recently for Q3 of fiscal 2022 sales of $48.2 million, a YOY 964% jump. Also in the report it showed a $25.2 million operating profit. That represents 52% of total revenues in Q3 fiscal 2022.

In its acquisition pipeline are seven more companies, SIRC said recently. SIRC aims to buy them in all-cash transactions, without diluting its stock.

SIRC is well positioned because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business potential buyers of solar systems can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now before federal tax credits for solar drop from the current 26% to 22% in 2023.

Central grid electricity is climbing in cost — making the payback period for solar less than eight years. Solar buyers can install systems for next to nothing if they do it now.

Florida’s Proposed Solar New Metering Policy Is Winding Its Way Through State  Committees As Net Metering Showdown Looms In Sunshine State; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Monitor  Solar Metering Legislation In High-Opportunity Solar State

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

Source: Stock Market Press

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