Niche Solar Energy Battery Storage Market Projected To Reach $1.8 Billion By 2026 Growing At CAGR Of 34.5% Key To Solar Growth By Cutting Energy Ex-penses And Storing Electricity For Evening Use; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Into More Solar Markets And Forecasting Volume Of $40 Million In FY 2022
Solar energy battery storage systems are a niche key to the boom in solar, enabling homeowners to cut electricity costs and store energy for evening and cloudy day usage. As a result, Verified Market Research now projects that the solar battery market is growing at a CAGR OF 34.5% and will reach $1.8 billion by 2026 as solar continues its dynamic growth. Even Tesla, Inc. (NASDAQ: TSLA) markets its own Powerwall line of lithium-ion solar batteries. Solar Integrated Roofing Corp. (OTC PINK: SIRC), is forecasting a record-breaking $40 million volume by FY 2922, is targeting expansion to more markets, a future up listing, and more solar acquisitions.
stockmarketpress.com features specialized coverage of related stocks in the solar industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Tesla, Inc. (NASDAQ: TSLA), SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivint Solar Inc. (NYSE: VSLR).
Niche Solar Energy Battery Storage Market Projected To Reach $1.8 Billion By 2026 Growing At CAGR Of 34.5% Key To Solar Growth By Cutting Energy Expenses And Storing Electricity For Evening Use; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Into More Solar Markets And Forecasting Volume Of $40 Million In FY 2022
Solar Storage Battery Systems Key To Solar Industry Growth
According to site SolarReviews, solar battery systems can be invaluable in enabling homeowners to cut electricity costs, store energy for evening and cloudy day use, and are an instrumental part of the solar boom. Solar battery systems can range in price and capability — some even save enough electricity to permit a homeowner to store enough energy to be off the ‘grid.’ Generally the battery systems consist of a charge controller, battery bank and a hybrid or two-way inverter. Coupled with solar panels installed on the roof, a great system can pull a home off the costly grid. At minimum they can deliver significant long-term electricity cost savings.
Niche Solar Battery System Growth Appeals To Solar Marketers, Installers
Research firm Verified Market Research reports that the solar energy and battery storage market is projected to reach $1.8 billion by 2026 growng at a CAGR of 34.5% from 2019-2026. That kind of growth is appealing to solar installers and makes solar and its savings even more appealing to homeowners. Within its Southern California market, Solar Integrated Roofing Corp. (OTC PINK: SIRC) has been fast-growing with organic and acquisition growth. Now it is increasing its solar growth into more metropolitan markets and other states. Brands such as Tesla, Inc.’s (NASDAQ: TSLA) Powerwall instills brand confidence in the impact of solar batteries. They can also trigger cost-saving federal and local tax credits, cutting initial costs. Tesla’s Gateway software management system enables owners to monitor Powerwall through the Tesla app.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Into New Mexico
Solar powerhouse Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees multiple expansion opportunities. One is its recent expansion into New Mexico where it is expanding into the Albuquerque/Santa Fe metropolitan market with its recent partnership with SunPower Corporation as a premier dealer in the New Mexico market. For SIRC, this expansion is low cost because SIRC will utilize the company’s online infrastructure and virtual sales office. With a market of 1.1 million new customers and only a 5% penetration rate of solar energy from residential and commercial markets, this is an area ripe with opportunity.
More Growth Seen With Joint Venture Agreement
Another growth strategy is its recent announcement that Solar Integrated Roofing Corp. (OTC PINK: SIRC) have signed a one month (thirty day) joint venture agreement with Enerev, LLC to ensure a correct fit and successful combination if SIRC acquires Enerev in the future. The joint venture agreement is designed to ensure both companies will strategically align marketing, sales, operations of a combined business. SIRC projects that its volume will report a record breaking $40+ million in fiscal 2022 revenues, ending February 28, 2022. Solar Integrated Roofing Corp. (OTC PINK: SIRC) forecast that it would report record volume of $20 million for FY 2021, ended February 28, 2021. Learn more about Solar Integrated Roofing Corp. (OTC PINK: SIRC).
Solar Integrated Roofing Corp (OTC PINK: SIRC) Sees Expansion Beyond California And Becoming Industry Leader At The National Level
Solar Integrated Roofing Corp (OTC PINK: SIRC) sees legislation this year requiring that all new residences in California must operate on energy by solar as an expansion of the solar market. Best to come: copycat legislation in other states to mandate solar installations on new construction residences. Niche Solar Energy Battery Storage Market Projected To Reach $1.8 Billion By 2026 Growing At CAGR Of 34.5% Key To Solar Growth By Cutting Energy Expenses And Storing Electricity For Evening Use; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Into More Solar Markets And Forecasting Volume Of $40 Million In FY 2022.
SIRC Eyes Becoming An Industry Leader At The National Level
Dave Massey, CEO of Solar Integrated Roofing Corp (OTC PINK: SIRC), said, “Our business strategy has always been to expand beyond Southern California and become an industry leader at the national level.” He said that his Company is currently exploring five additional metropolitan areas for future expansion locations as it grows. Niche Solar Energy Battery Storage Market Projected To Reach $1.8 Billion By 2026 Growing At CAGR Of 34.5% Key To Solar Growth By Cutting Energy Expenses And Storing Electricity For Evening Use; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Into More Solar Markets And Forecasting Volume Of $40 Million In FY 2022.
This market is growing fast and Solar Integrated Roofing Corp. (OTC PINK: SIRC), headquartered in Southern California, is now expanding into more states as it eyes its goal of national growth, a stock market up listing and a larger national footprint.
Source: Stock Market Press
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