New Research Report Finds While Solar Materials Cost More, Total Install Tickets Are Higher Because 13% More Residential Solar Installations Are Adding Battery Storage; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar In-stallers See Promising Future In Solar

The new 14th annual Solar Marketplace Intel Report™ from EnergySage finds that while for the first time in seven years solar prices for materials rose slightly, solar total installation tickets rose because 13% more battery storage systems were installed in 2021. First and foremost, some 69% of solar buyers want backup power for their solar systems — and 51% want to achieve savings on utility rates. Financial considerings and savings are key to making solar purchase decisions. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other solar installers see promising future in solar

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).

New Research Report Finds While Solar Materials Cost More, Total Install Tickets Are Higher Because 13% More Residential Solar Installations Are Adding Battery Storage; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar

Solar may be an environmentally sound strategy, eliminating the need for fossil fuel energy to heat and cool the home, but financial savings is an important driver of a commitment to installing a solar system, the new report finds.

That trend is an intriguing one because of the controversy over the impact of new net metering policies by state legislatures and utilities. If prices paid to solar owners for solar-generated electricity declines — and new fees are made to solar owners for access to the central electrical grid — the financial savings calculated for new solar owners becomes a non-factor. This is especially true in California and Florida, where the issue is a major buying matter.

The other study finding about solar trends now is related to off-the-grid solar. This 14th study of the Solar Marketplace Intel Report™ reports that 14% of solar systems are bought for off-the-grid purposes while another 34% are bought for self-supply reasons. So, increasingly, solar residential systems are purchased: 1) to beat utility price points; 2) to create backup power; 3) for self supply; and to live completely off the grid.

Nowhere is it seen that solar buyers want solely to use solar power cut carbon emissions from fossil fuel energy. That be an end result, but it is not a driving force in buying solar.

This new report also finds that the same five states are the leaders in solar: California, Texas, Florida, North Carolina and Arizona. New Research Report Finds While Solar Materials Cost More, Total Install Tickets Are Higher Because 13% More Residential Solar Installations Are Adding Battery Storage; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar.

As SIRC builds its national footprint in solar installation, these are five key states in its solar operation strategy. Weather makes them perfect for solar — leading the US in sunny days.

In seven of the top ten solar states, quoted system size jumped. That indicates the need for more comprehensive solar residential systems is growing. Solar prices are lower in the West, where solar is prevalent, and is higher in the Midwest. The East still has the highest prices. Highest of all was Indiana. New Research Report Finds While Solar Materials Cost More, Total Install Tickets Are Higher Because 13% More Residential Solar Installations Are Adding Battery Storage; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state. This is the situation in states such as California — which has 1.3 million solar system households. Central electricity grids cannot handle all the solar powered electricity they receive.

In Florida, where SIRC hopes to be a major solar factor, the opportunity for solar is great. Weather is perfect for solar, but utilities such as FP&L is hurting the growth of residential solar by backing a controversial bill requiring a change net metering pricing policy seemingly against solar owners and in favor of lower incme ratepayers. The measure is so controversial that California — the nation’s largest solar state — it has been ‘punted’ away.

The move within three years to generate 30% of the nation’s electrical  capacity —- from just 25% today — needs momentum from new funding and technology. This includes  incentive awards for new rooftop and small-scale solar projects.

Also, new technology can bring down installation costs.

Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.

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

Homeowners and small business, which are 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 to beat the solar federal tax credit drop from 26% to 22% in 2023.

New Research Report Finds While Solar Materials Cost More, Total Install Tickets Are Higher Because 13% More Residential Solar Installations Are Adding Battery Storage; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar

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

Source: Stock Market Press

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