For Biden Administration The Pressure Is On For Senate Passage Of The Build Back Better Bill And Turn Its Climate Change — Including New Solar Tax Credit Incentives — Into Law; Insiders Predict A ‘Smaller’ Version Will PassSolar Inte-grated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

Now that the $1 trillion Infrastructure Bill is law, President Biden’s administration is under pressure to have the Senate — like the House — pass the ‘Build Back Better’ Bill by Christmas. The bill has solar incentives built in, such as an extension of tax incentives and funding for solar initiatives. The earlier Biden-signed $1  trillion Infrastructure law offers grants and funding for EV Charging Stations. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core businesses are solar and EV charging stations.

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).

For Biden Administration The Pressure Is On For Senate Passage Of The Build Back Better Bill And Turn Its Climate Change — Including New Solar Tax Credit Incentives — Into Law; Insiders Predict A ‘Smaller’ Version Will Pass Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

The deadline for Congressional passage of the BBB Bill is now the Christmas holidays. The new Infrastructure law offers funding and tax credits for consumers buying electric cars and using EV Charging Stations. Some $7.5 billion is carved out to fund green projects. The BBB bill is geared more to ‘social’ infrastructure and includes solar tax credits. Installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are watching its passage progress carefully.

According to sources such as CNBC, insiders now anticipate passage of a downsized BBB bill. The impact on proposed solar tax credits is unknown as negotiations continue in the Senate following House passage.

Mike Feroli, chief US economist at J P Morgan, says, “Nothing in D.C. is 100% sure. But I think the odds are very high, I’d say 80-90%, that we get some form of BBB.” Feral expects a BBB bill passing in the $1-$1.5 trillion range.

Wall Street economists also predict the some version of Biden’s nearly $2 trillion BBB bill will become law, CNBC reports. For Biden Administration The Pressure Is On For Senate Passage Of The Build Back Better Bill And Turn Its Climate Change — Including New Solar Tax Credit Incentives — Into Law; Insiders Predict A ‘Smaller’ Version Will Pass; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar.

Analysts from Morgan Stanley, Goldman Sachs, JP Morgan and other large financial firms believe it is only a matter of time before a version of BBB becomes law.

It would cut by about 30% the cost of installing solar — and is expected to lead to more solar projects and ‘closes’ for tax credit savvy Americans, the industry hopes.

Democrats cheered after passing the now-signed Biden ‘Infrastructure’ law. Now the House has passed the ‘Build Back Better’ bill, which offers solar initiative funding and an extension of federal tax credits for solar installations.

It faces the test of winning the support of Sen. Joe Manchin and Sen. Krysten Sinema in the Senate. Other moderate Democrats in the Senate, with an eye on next year’s mid-term elections, also appear skittish approving elements of the proposed bill, specifically elements targeted to immigration.

The Congressional Budget Office (CBO) in its analysis believes that the bill could add some $400 billion to the federal budget deficit. For Biden Administration The Pressure Is On For Senate Passage Of The Build Back Better Bill And Turn Its Climate Change — Including New Solar Tax Credit Incentives — Into Law; Insiders Predict A ‘Smaller’ Version Will Pass; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar.

Solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are awaiting final approval of the new bill because it could mean more solar installations, driven by tax incentives. It could drive perks for solar buyers — such as an extension of federal tax credits for as long as 10 years. It could also mean more funding for production of domestic solar panels.

The solar industry, including installation firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), like the approval of solar tax incentives. They believe it will  enable them to close sales on more solar installations.

As proposed now, the solar sector in the pending ‘Build Back Better’ bill would receive funding for consumer and commercial buyers in the form of extensions of solar tax credits. The new spending package calls for the biggest spending program on climate investment in U.S. history.

For Biden Administration The Pressure Is On For Senate Passage Of The Build Back Better Bill And Turn Its Climate Change — Including New Solar Tax Credit Incentives — Into Law; Insiders Predict A ‘Smaller’ Version Will Pass; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

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

Source: Stock Market Press

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