President-Elect Biden Could Represent A Boon For Solar Industry, With A Doubling Of Annual Solar Deployments And Goal Set For 500 Million Solar Panels By 2025 Projected; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Strengthens Executive Team For Growth, Up Listing Strategy And Expansion Into New Mexico
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is positioning itself for a boom in the solar industry following the election of environmentally-conscious President-Elect Biden. Experts say at Utility Dive site that Biden’s election could mean a doubling of annual solar deployments to meet a new administration goal of 500 million solar panels installed by 2025. The residential solar industry has been stimulated by legislation effective January 2020 requiring that all new residences in California must be driven by solar. Solar Integrated Roofing Corp. (OTC PINK: SIRC) headquartered in Southern California is now expanding into Albuquerque/Santa Fe metropolitan market in New Mexico as it eyes national growth.
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),, SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ), Vivint Solar Inc. (NYSE: VSLR), Bank of America Securities (NYSE: BAC), and Credit Suisse (NYSE: CS).
President-Elect Biden Could Represent A Boon For Solar Industry, With A Doubling Of Annual Solar Deployments And Goal Set For 500 Million Solar Panels By 2025 Projected; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Strengthens Executive Team For Growth, Up Listing Strategy And Expansion Into New Mexico
Joe Biden’s win for President could trigger rapid acceleration in the solar industry and more installations of solar systems and storage. Vice President-Elect Kamela Harris had formerly held local office and was until becoming Vice President-elect a Senator from California. She is environmentally-active and favors pro-environmental power, such as solar and wind. Aneesh Prabhu, a senior director with S&P Global Ratings, said of the new administration’s goal of installing 500 million solar panels by 2025, “It’s clear this target would represent a game-changer for solar.”
Mandating Solar Usage In California In New Homes This Year. Copycat Legislation In Other States, Too?
The California solar legislation makes it the first state in the nation to mandate solar usage to drive electricity in residential buildings three stores or lower, but the trend to require solar in all new homes in California is being watched very carefully by other states. Massachusetts, for example, is looking at adopting similar legislation and other states are too, according to website Solar Industry. President-Elect Biden Could Represent A Boon For Solar Industry, With A Doubling Of Annual Solar Deployments And Goal Set For 500 Million Solar Panels By 2025 Projected; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Strengthens Executive Team For Growth, Up Listing Strategy And Expansion Into New Mexico.
California is the first state in the nation to mandate solar usage to drive electricity in residential buildings three stores or lower, but the trend to require solar in all new homes in California is being watched very carefully by other states. Massachusetts, for example, is looking at adopting similar legislation and other states are too, according to website Solar Industry.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Ready To Grow In Anticipated Solar Boom Industry
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is moving quickly to grow in an anticipated larger solar installer marketplace — not just in California, but other states, too. SIRC recently acquired solar installers McKay Roofing and Milholland Solar and Electric Roofing. SIRC most recently has entered into a 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. President-Elect Biden Could Represent A Boon For Solar Industry, With A Doubling Of Annual Solar Deployments And Goal Set For 500 Million Solar Panels By 2025 Projected; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Strengthens Executive Team For Growth, Up Listing Strategy And Expansion Into New Mexico.
More Expansion Ahead For Solar Integrated Roofing Corp (OTC PINK: SIRC)
Dave Massey, CEO of Solar Integrated Roofing Corp (OTC PINK: SIRC), states, “The timing (of the acquisition) is perfect for us to proceed with a major expansion into the Albuquerque strategy area. 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. The company projects $2 million in new revenues over the next 12-18 months from the new expansion.
Solar Integrated Roofing Corp (OTC PINK: SIRC) is also strengthening its executive talent team as it eyes a possible exchange up listing. This year, it has named Angela Smoley, CPA, CFO and also appointed Brian Milholland its new president. Smoley, the Company said, has more than 15 years of experience in CFO experience and brings a background in mergers and acquisitions and corporate finance. David Massey, CEO, said Milholland is a solar ‘Guru’ in the industry with vast experience. President-Elect Biden Could Represent A Boon For Solar Industry, With A Doubling Of Annual Solar Deployments And Goal Set For 500 Million Solar Panels By 2025 Projected; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Strengthens Executive Team For Growth, Up Listing Strategy And Expansion Into New Mexico.
Source: Stock Market Press
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