Research Study Proves That Financial Tax Credits And Fiscal Savings Payback From Utilities Are KeyTo Solar Sales Growth As Consumers Rate Sustainability, Tax Credits And Utility Payback High; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar, Alternative Energies
A greener ecology, improved environment and alternative energy factors aid solar sales and sector visibility. But, financial savings drive solar system sales. The new 14th annual Solar Marketplace Intel Report™ from EnergySage found that solar buying consumers look to federal solar energy tax credits of 26%, payback savings from selling excess electricity to utilities and the safety of sustainability from blackouts and other energy interruptions, actually drive the sales. The greening of the ecology is far a top priority when consumers choose to buy solar, the study finds. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other solar installers see solar promising long term.
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).
Research Study Proves That Financial Tax Credits And Fiscal Savings Payback From Utilities Are KeyTo Solar Sales Growth As Consumers Rate Sustainability, Tax Credits And Utility Payback High; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Promising Future In Solar, Alternative Energies
The Solar Marketplace Intel Report™ by SolarSage documents that while consumers want backup rechargeable solar batteries and want a cleaner environment, they primarily want:
- Safety from blackouts and other energy interruptions;
- Federal tax credits of 26% to help them afford rooftop solar systems;
- Full payback from their utility companies for excess solar-generated electricity
Green alternative energy may be nice, but it hardly drives solar installations. Consumers want an eight year or so payback in total from the money they invest in solar and backup batteries. With these incentives, come consumers would have little interest in buying solar at all, the report shows.
Electric cars are going higher in price, but compared to the immediate high prices for gas, it is beginning to make fiscal sense for the individuals who can afford to go all-electric. As Tesla (NASDAQ: TSLA) prices top $100,000 now — if you can find and wait for new OEMs — consumers will do so on a fiscal basis. A clean environment is nice, but savings from sky-high fossil fuels is a significant factor.
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 consumer 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 against 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 matter impacting buying decisions..
Nowhere is it seen in the study that solar buyers want solely to use solar power cut carbon emissions from fossil fuel energy. That may be an end result, but it is not a driving force in buying solar. If these money-saving factors are removed, solar buyers may not want to commit at all to a solar purchase.
SIRC is building its national footprint and branding in solar installation. It is in the midst of changing its corporate name to SolarEV — reflecting its two top alternative energy priorities — and it sees opportunities in helping build a national network of EV Charging Stations nationwide, with the help of government funding grants.
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 from solar system owners.
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 are 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 income ratepayers. The measure is so controversial that California — the nation’s largest solar state — it has been ‘punted’ away with no resolution.
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 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 receive the solar federal tax credit at its top level.
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
