Musk, Schwarzenegger Come Out Swinging Against California’s Proposed Net Me-tering Solar Decision, Advise Utilities Commission In Final Call This Month To ‘Re-ject’ And ‘Reverse’ New Policy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Well Positioned As Authorized Installer Of Tesla’s (NASDAQ: TSLA) PowerWall Solar Battery Storage System

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

Elon Musk, CEO and Founder of Tesla (NASDAQ: TSLA), and Arnold Schwarzenegger, former Governor, both came out swinging against California’s proposed new net metering policy on rooftop solar. The California Public Utilities Commission (CPUC) is set to rule on finalizing the new solar policy later this month. Musk called for the CPUC to ‘reject’ it as did Scharnegger who told The New York Times it is an anti-environmental solar tax. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is well positioned in the dispute because besides installing solar systems, it is also an authorized installer of the energy-saving and managing Tesla (NASDAQ: TSLA) PowerWall solar renewable battery system.

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), 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).

Musk, Schwarzenegger Come Out Swinging Against California’s Proposed Net Metering Solar Decision, Advise Utilities Commission In Final Call This Month To ‘Reject’  And ‘Reverse’ New Policy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Well Positioned As Authorized Installer Of Tesla’s (NASDAQ: TSLA) PowerWall Solar Battery Storage System

Musk told The Wall Street Journal that the proposed policy — which would add 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 disincentivice 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 by late January. It would go into effect by May.

“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 goes 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.’

First California mandated new residences and business buildings have solar systems installed. Now, the CPUC wants to take away the financial incentives for doing so. Musk, Schwarzenegger Come Out Swinging Against California’s Proposed Net Metering Solar Decision, Advise Utilities Commission In Final Call This Month To ‘Reject’  And ‘Reverse’ New Policy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Well Positioned As Authorized Installer Of Tesla’s (NASDAQ: TSLA) PowerWall Solar Battery Storage System

Last week, the issue spread to Florida, where a new net metering solar policy advanced in a state legislature committee. Other states — such as liberal Massachusetts — are watching California and Florida to see how the net metering policy is accepted.

It is also important because the move the 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 incentives and cut into solar sales. An ideal solar payback period is under 8 years,

“The changes are pretty dramatic, but the market in California will remain pretty big for residential and commercial solar,” says an optimistic Pol Lezcano, a Bloomberg NEF analyst. That’s an understatement because California is the largest solar state in the US with 1.3 million solar systems.

Lezcano added that if the California CPUC decision passes as proposed in early 2022 and federal solar tax credits get extended for 10 years, new residential solar installations in the state will be slightly lower than an earlier forecast.

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.

The result would again be more sales of solar system installations plus the added revenue from battery system sales. Musk, Schwarzenegger Come Out Swinging Against California’s Proposed Net Metering Solar Decision, Advise Utilities Commission In Final Call This Month To ‘Reject’  And ‘Reverse’ New Policy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Well Positioned As Authorized Installer Of Tesla’s (NASDAQ: TSLA) PowerWall Solar Battery Storage System

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.

According to the new Bloomberg analysis, solar batteries can play an even more decided role in continuing the momentum of solar in California’s, the largest solar state in the nation. If utilities there rule against traditional solar electricity sell-backs to the central grid, solar batteries once again can turn a new stretched 11-year payback back into a lower 6-8 term.

The result will mean more combined solar system-solar battery system sales and installations for SIRC.This is great news for solar installers like SIRC. Active in alternative and green clean energy installations — such as roofing and EV Charging Stations — SIRC’s core business now is solar. Homeowners are encouraged to buy solar panels and rechargeable solar batteries to store excess energy storage by SIRC.

 

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a national solar installer brand with multiple subsidiary companies with solar as its core business. Not only is SIRC in solar, it is also an authorized installer of Tesla (NASDAQ: TSLA) brand PowerWall solar rechargeable battery systems.

Federal and state funding is providing more fiscal tailwinds for solar. Alternative energy solar is seen as a growing opportunity compared and less expensive clean alternative to central grid electricity, powered by coal and other fossil fuels. Not only is the environment a key issue in the choice for solar, but larger and extended federal tax credits are playing a role for homeowners and small and large businesses.

Musk, Schwarzenegger Come Out Swinging Against California’s Proposed Net Metering Solar Decision, Advise Utilities Commission In Final Call This Month To ‘Reject’  And ‘Reverse’ New Policy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Well Positioned As Authorized Installer Of Tesla’s (NASDAQ: TSLA) PowerWall Solar Battery Storage System

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

Source: Stock Market Press

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