North Carolina Supreme Court Will Hear Arguments Regarding Exceptions To The State’s Solar Access Laws Involving HOAs; Decision Could Be Far Reaching To Sunny States Having Many HOAs, Such As Florida; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy
Some states like Florida and the Carolinas enjoy sunny days perfect for residential rooftop solar systems. But now the North Carolina Supreme Court has agreed to hear arguments regarding the legality of installing private solar within HOA-regulated communities. The case could have far-reaching impact among potential solar buyers who live in HOA communities that may wish to block solar systems over aesthetic issues. SIRC is successfully involved in solar and electric car EV Charging Stations in the alternative energy space and is in the midst of applying to FINRA to change its corporate name in SolarEV.
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).
North Carolina Supreme Court Will Hear Arguments Regarding Exceptions To The State’s Solar Access Laws Involving HOAs; Decision Could Be Far Reaching To Sunny States Having Many HOAs, Such As Florida; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy
The case is important according to site EnergySage because it is an important solar issue in North Carolina – and could have impact elsewhere. According to North Carolina laws, HOAs in that state created after 2007 are impacted by state access laws. However, the new arguments will test a loophole that permits HOAs to block ‘improvements’ — such as solar — to residences within the community.
Installers and solar advocates want to enable HOA homeowners to install solar systems. The court’s decision will offer clarity on the issue for all residents of HOA communities.
In states such as California and, more recently, Florida — financial ownership of solar is also under attack primarily by utilities. They want to install new fees for central electrical grid access — and to cut the rates that utilities pay to rooftop solar system owners for excess solar-generated electricity that want to sell to the central grid.
In other words, despite the alternative energy benefits of solar, now three different states wish to impede the installation of rooftop solar systems. In California and Florida, utilities may hamper the ability of rooftop solar system owners from enjoying a seven-ten year payback period on solar.
North Carolina Supreme Court Will Hear Arguments Regarding Exceptions To The State’s Solar Access Laws Involving HOAs; Decision Could Be Far Reaching To Sunny States Having Many HOAs, Such As Florida; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy.
Recent studies show that financial benefits have a significant impact on whether homeowners will invest in rooftop solar systems. Instead, they may have to manage their own solar excess electricity with personal rechargeable solar batteries that conserve the electricity generated by solar for rainy or cloudy days.
North America, with all its solar initiatives, will lead a 13.8% spike in concentrated solar market size now through 2030, according to a new study by Precedence Research Shows. As a result, worldwide solar growth will hit $133.43 billion by 2030. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) is committed to solar alternative energy and carbon capture.
The Precedence Study documents the success of North America as leader and the fastest-growing region globally in environmental impact. This includes carbon emissions capture, enactment of strict laws for environmental protection and government subsidies to fund solar initiatives and grants for adoption of renewable energy programs.
Reinforcing other solar studies, this new report says Asia-Pacific is already the No. 1. region in the world in terms of the largest global market for solar concentrated power.
While North America is fast-growing, it finds, other regions of the world are moving quickly to grow solar power. For example, the Middle East is making important gains in solar, it says. This developing region is developing energy plants and improving solar-led infrastructure.
The United Arab Emirates (UAE) has increased its sustainable energy capacity due to its commissioning of a new solar energy park in Abu Dhabi. North Carolina Supreme Court Will Hear Arguments Regarding Exceptions To The State’s Solar Access Laws Involving HOAs; Decision Could Be Far Reaching To Sunny States Having Many HOAs, Such As Florida; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy.
SIRC plays an important role in the growth of solar by selling an installing customized solar systems with rechargeable solar batteries that retain excess solar electricity generated during the daytime — and either selling it the centralized utility electrical grid — or conserving it for future use by the solar owner.
SIRC now sells and sells storage and sophisticated management components from Enphase (NASDAQ: ENPH) or even rechargeable Tesla (NASDAQ: TSLA) rechargeable solar battery PowerWall units.
The new Precedence report dovetails with an earlier solar energy study. That one shows Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026. That’s the finding of a new study titled, ‘Rooftop Solar Photovoltaic (PV) Installation Market’ by 360 Research Reports. If right, it documents the fast and continued growth of the solar installation market — despite pandemics, supply chain shortages, material price hikes and any other factors. Solar is here to stay.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business is installation of rooftop solar — which this Report says is a long term thriving industry. Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026.
High demand for rooftop solar will drive installation sales through at least 2026 by a 7.3% fast CAGR, the recent report shows. The solar industry, like other construction specialties, is exposed to supply chain shortages, price hikes, pandemics/variants and all kinds of impediments. Yet, consumer demand for more solar installations will drive its future at least through 2026, it finds.
SolarSage found that there were 13% more battery storage systems installed in the second half of 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) was a really big winner because it utilizes both Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) brands in its branded solar equipment for residential installations.
As SIRC builds a national footprint in solar installations, using the two most popular solar equipment brands is a positive trend.
David Massey, founder and CEO of SIRC, says, “Enphase (NASDAQ: ENPH) is a leader in home energy systems, and we are privileged to provide its energy solution to our over 250 sales teams spanning 40 states and our commercial development firms.
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.
In Florida, where SIRC hopes to be a major solar factor, the opportunity for solar is great. Weather is perfect for solar.
North Carolina Supreme Court Will Hear Arguments Regarding Exceptions To The State’s Solar Access Laws Involving HOAs; Decision Could Be Far Reaching To Sunny States Having Many HOAs, Such As Florida; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
