Solar Carports Will Drive Solar Growth In Urban Markets Through 2029, According To New Report From Fortune Business Insights™; Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Core Business Is Solar

Solar Carports Will Drive Solar Growth In Urban Markets Through 2029, According To New Report From Fortune Business Insights™; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

Posted April 8, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: ENPH, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: CHPT, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Solar carports will help drive solar growth and awareness in urban areas through 2029, according to a new research report from Fortune Business Insights™. Solar carports are essentiially panels covering parking lots like a canopy. They can be important in bringing solar growth and awareness to urban locations, the report says. They reduce energy consumption and decrease carbon footprint. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business Is solar.

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).

Solar Carports Will Drive Solar Growth In Urban Markets Through 2029, According To New Report From Fortune Business Insights™; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

Solar carports are seen growing globally through the 2029 research period. Worldwide, solar growth will hit $133.43 billion by 2030 fueled by a 13.8% CAGR growth rate, other studies project. Solar Carports Will Drive Solar Growth In Urban Markets Through 2029, According To New Report From Fortune Business Insights™; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

The Fortune Business Insights™ report believes that solar carports will grow aggressively through the end of the decade as it delivers the efficiency and carbon-consumption in heavily populated but tight urban areas. The ground-mounted panels make these projects easier to install than traditional roof-mounted system solar systems.

Solar carports provide vehicles with shade and provide solar energy with a minimum of land space. Solar carports can be commercial or non-profit in an efficient cantilever design format, the report concludes.

The major importance of this format is that it identifies solar as a natural source of energy and renewable. It reduces the need for plowing in snowy weather, and provides shade in warm climates. Also, it offers a great place for industry to provide EV Charging Stations in a shaded, urban location, the report adds. In cloudy or rainy days, these facilities are not solar-efficient. Renewable solar batteries enable managers/owners to efficiently manage the use of solar-generated electricity.

In off-the-grid remote locations, solar carports can offer natural-generated energy where grid electricity is not available. Solar carports may be weather independent, but they still require massive initial capital. Solar Carports Will Drive Solar Growth In Urban Markets Through 2029, According To New Report From Fortune Business Insights™; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Core Business Is Solar

High capital investments are required to make progress in concentrated solar power technology. Precedence finds that this high cost may serve as a hindrance to market growth during the forecast period.

SIRC is playing an important role in the growth of solar by selling and installing customized solar systems with rechargeable solar batteries that retain excess solar electricity generated during the daytime — with owners either selling it to the centralized utility electrical grid — or conserving it for future use.

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.

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. As Solar Global Grows To $133.43 Billion By 2030, Europe Will Initially Still Rely On Fossil Fuels Then Transition To Alternative Energy Such As Solar And Wind; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Will Help Drive Green, Clean Energy.

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) is the big winner because it utilizes both Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) brands in its branded solar equipment for residential installations.

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.

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

Source: Stock Market Press

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Bina Murarka

Bina Murarka is a India-based technology reporter for Stock Market Press. A freelance writer who covered tech for various mainstream and financial websites, she writes about everything from small-cap telecommunications companies to the digital economy's impact on financial markets. She graduated from Calcutta University.