Solar Growth Impeded On East Coast By N. Carolina Courts Looking At HOAs And Review Bottleneck Of 2,500 Solar Projects In Maryland, Pennsylvania And Virginia With 13 States Involved; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Be-lieves In Alternative Energy Such As Solar Which Helps Drive Green, Clean Ener-gy
Solar energy on rooftops and commercial projects cannot grow fast on the East Coast of the US due to court-HOA issues in North Carolina and far-reaching bottlenecks impacting review and approval of solar impacting a total of 13 states and 2,,600 solar projects in states such as Maryland, Pennsylvania and Virginia. Solar has always been more popular in the sunny West, but cannot grow as quickly on the East Coast due in part to overwhelming requests for governmental approval. Solar Integrated Roofing Corp. (OTC PINK: SIRC) believes in alternative energy such as solar which helps drive green, clean energy.
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Solar Growth Impeded On East Coast By N. Carolina Courts Looking At HOAs And Review Bottleneck Of 2,500 Solar Projects In Maryland, Pennsylvania And Virginia With 13 States Involved; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy
PJM Interconnection, the organization that coordinates electric transmission to 13 states and D.C., has some 2,500 solar projects on hold for more than a year awaiting results from studies that are required to move some projects forward.
The concern is that some initiatives will eventually drop out of activity due to long waits — and issues like cost increases that make the proposed solar projects untenable to complete. That would affect the scheduled rollout of solar projects and some may not survive the wait.
The projects waiting in line may affect 5.6 million homes awaiting approval to get started. Currently, solar powers some 128,000 homes in the three East Coast states impacted most by the rollout delays. It could be a lot more if the long waits were eliminated.
Even if PJM’s streamlined process that would address the stalled projects, it would still take an estimated two years to clear the solar backlog, experts say. Solar Growth Impeded On East Coast By N. Carolina Courts Looking At HOAs And Review Bottleneck Of 2,500 Solar Projects In Maryland, Pennsylvania And Virginia With 13 States Involved; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy.
The PJM plan to cut the backlog back is approved by power utilities, transmission line owners, renewable energy developers, financial traders and state consumer advocates. It all requires approval by the Federal Energy Regulatory Commission to proceed.
States such as Virginia set an aggressive goal of establishing clean energy by 2050. But with 416 backlogged solar projects, the goal is great — but the reality of installing all proposed solar projects for clean energy seems less likely.
PJM is the largest of the 10 biggest transmission operators in the U.S.
The North Carolina Supreme Court is also planning to hear arguments regarding stalled projects in the Northeast impacting solar plans within HOA communities. As the two sides argue, solar is further delayed in another East Coast state.
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. Solar Growth Impeded On East Coast By N. Carolina Courts Looking At HOAs And Review Bottleneck Of 2,500 Solar Projects In Maryland, Pennsylvania And Virginia With 13 States Involved; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Such As Solar Which Helps Drive Green, Clean Energy.
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.
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.
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. 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..
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.
Solar Growth Impeded On East Coast By N. Carolina Courts Looking At HOAs And Review Bottleneck Of 2,500 Solar Projects In Maryland, Pennsylvania And Virginia With 13 States Involved; 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
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