Solar And Storage Sales Driven By Homeowner Fear Of Power Outages, Energy Instability And Higher Electric Costs According To New SunPower (NASDAQ: SPWR) 2021 Energy Sense Index Survey; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar Energy, Projects $250 Million FY 2023 Sales

Solar sales are growing and so, too, are its opportunities for installers in financial and geographic terms. SunPower 2021 Energy Sense Index Survey of 1,500 homeowners in U.S. finds that power outages, energy instability and higher electric costs are driving solar and storage sales. Homeowners, fearing the instability of energy and having experienced an energy failure, live in fear of falling victim to another power outage, as a result they are potential solar and battery customers, according to the new SunPower’s 2021 Energy Sense Index Survey. The SunPower (NASDAQ: SPWR) Index survey also found that found that 70% of the power outage-fearing group of consumers surveyed are planning to buy an energy storage battery in their initial solar purchase. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is bullish on solar energy and projects its FY 2023 sales will reach $250 million.

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), 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).

Solar And Storage Sales Driven By Homeowner Fear Of Power Outages, Energy Instability And Higher Electric Costs According To New SunPower (NASDAQ: SPWR) 2021 Energy Sense Index Survey; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar Energy, Projects $250 Million FY 2023 Sales

SunPower 2021 Energy Sense Index Survey of 1,500 homeowners in U.S. finds that power outages, energy instability and higher electric costs are driving solar and storage sales. Homeowners who fear or who have experienced energy blackouts are seeking solar and storage batteries that can protect them from a future occurrence. They have outage-anxiety, the survey says, and are prime potential customers for solar system and battery installations.

That’s why such a large percentage of potential solar buyers choose to initially add storage batteries to their solar installations. They want to be insulated from any future outages — and say they are less confident now in uninterrupted service from their utility company. Solar And Storage Sales Driven By Homeowner Fear Of Power Outages, Energy Instability And Higher Electric Costs According To New SunPower (NASDAQ: SPWR) 2021 Energy Sense Index Survey; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar Energy, Projects $250 Million FY 2023 Sales.

The demographics of solar buyers is also changing dramatically. Some 74% of solar energy users are generation Z, millennials or baby boomers, people who are in lower income brackets —- under $100,000 — are also considering solar adoption. In other words, lower solar installation costs and fear of power outages are resulting in developing a broader range of potential solar customers — now including lower income potential buyers, such as those making less than $100,000 annually, the survey found. The index now says 75% of homeowners surveyed considering solar make less than that figure. Solar And Storage Sales Driven By Homeowner Fear Of Power Outages, Energy Instability And Higher Electric Costs According To New SunPower (NASDAQ: SPWR) 2021 Energy Sense Index Survey; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar Energy, Projects $250 Million FY 2023 Sales.

Not only is the financial demographic of potential solar customers changing, so is the geographic opportunity for solar installers. The Index also found that while homeowners considering solar are concentrated in California and Southern states, the Midwest is the next promising area for solar sales — some 24% of homeowners considering installing solar are from this region. Solar And Storage Sales Driven By Homeowner Fear Of Power Outages, Energy Instability And Higher Electric Costs According To New SunPower (NASDAQ: SPWR) 2021 Energy Sense Index Survey; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar Energy, Projects $250 Million FY 2023 Sales.

In the green renewable energy space, Solar Integrated Roofing Corp. (OTC PINK: SIRC) has been active in growing its footprint in the total solar space.

David Massey, Chairman and CEO of SIRC, said the company is growing by acquisitions as well as internally-generated or organic growth. “The acquisitions drove annual revenues to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to achieve profitability in FY 2022.” He also predicts FY 2023 sales of some $250 million for SIRC.

SIRC achieved a 600% sales jump in July over last year’s volume for the month, preliminary and unaudited numbers show. SIRC reported volume for July 2021 of $10.5 million — the highest per month sales totals for the company. Massey said in a new live Q&A online session with shareholders and the total investment community. Massey projects $100+ million in sales for FY 2022 and $200 million in FY 2023.

Congress is debating a final total infrastructure bill which would include extended and additional solar tax credits.  To firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), the infrastructure program is key to future renewable green spending — such as federal tax credits for solar installations. Biden has said he wants to double the number of solar panels in operation in the U.S.  For right now, infrastructure is in limbo as the Biden administration is busy with military matters in Afghanistan.

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

Source: Stock Market Press

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