New Proposed Solar Bill In California Seeks To Expand Commercial Solar Canopies Over Parking Lots And Highway ‘Rights Of Way’ Locations; Solar Integrated Roofing Corp.(OTC: SIRC) Plans For 80-20% Ratio Of Commercial Solar To Residential Installations; New Bill, If Passed, Would Fit Right Into SIRC’s ‘Sweet Spot’ Strategy
A new proposed Solar Bill in California seeks to expand Commercial Solar Canopies over parking lots and its Highway ‘Rights Of Way’ locations. If it becomes state law, it would exponentially grow commercial solar installations — precisely what Solar Integrated Roofing Corp.’s (OTC: SIRC) 2023 profit-making strategy calls for. In his recent stock update live Webcast, David Massey, SIRC CEO, told shareholders and the financial investor community he hopes for an 80-20% ratio of commercial solar to residential solar installations in 2023. The new bill, if passed in its current form, would fit right into SIRC’s ‘sweet spot’ strategy. Massey explained that commercial solar projects are larger and more profitable than residential-based installations.
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).
In the recent live Webcast and prior interviews, Massey made clear that he is focused on developing existing and new commercial solar projects. Senate Bill 49 (SB49) in the California legislature aims to jump-start large solar projects — such as solar canopies built over parking lots and near highways on state-owned rights-of-way locations. Groups like Environment California have endorsed the Bill and sent a letter signed by 64 other environmental, consumer and more community groups echoing this support. The bill will be assigned to a Senate policy committee and heard in early 2023, sources said.
Sen Joseph Baker supports the Bill and said he wanted to encourage the installation of more solar power and solar battery storage throughout the State. To that end, Sen. Baker participated in a legislative briefing webinar to outline his plans for more solar in California, sources said.
The goal is to locate solar installations close to where it is needed, he said. It would also mean more solar installation jobs and generate more revenue for California as it leases state-owned land for solar.
Sen. Josh Becker (D-San Mateo), who introduced the Bill, said, This is one of the many tools we’re going to need to use to hit our targets of using 90% clean energy by 2035 and achieving carbon neutrality by 2045.”
If enacted, the Bill would be perfect legislation for SIRC in 2023. Logically, because it is being pushed by environmental groups, it could also dovetail into an adjoining issue — the installation of more commercial EV Charging Stations within those new solar canopies and on state-owned land near highways within the State.
Source: Stock Market Press
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