Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking Forward To 2021 As its Volume Grows, Focus On Up Listing Increases, Solar Federal Tax Credits Will Drive Sales And Entry Into More Adjacent Clean Energy Categories Offers Opportunities
Solar Integrated Roofing Corp. (OTC PINK: SIRC) has multiple reasons to look forward to 2021 as its volume continues to break records and it enter into multiple adjacent sectors ranging from EV electric charging stations, all-electric clean energy tractors in a worldwide farming market, a focus on the hot categories of solar systems, rechargeable solar batteries and efficient HVAC. SIRC is joined by Tesla, Inc. (NASDAQ: TSLA), SunPowerCorp. (NASDAQ: SPWR) and other solar companies in seeing a bright 2021 ahead. As clean energy businesses expand, SIRC sees the federal solar tax credit expansion at a higher 26% through 2023 as driving more sales next year and beyond.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing 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), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPowerCorp. (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking Forward To 2021 As its Volume Grows, Focus On Up Listing Increases, Solar Federal Tax Credits Will Drive Sales And Entry Into More Adjacent Clean Energy Categories Offers Opportunities
Analysis by The National Law Review and other sites of the federal solar tax credit extension finds that the solar investment tax credit (ITC) will enable current solar customers fighting to meet the current 2021 deadline to breathe easier as the federal tax credit now offers two additional years at the higher rate for solar customers. The new COVID-19 Relief Bill offers homeowners two more years to order solar systems and receive the higher 26% federal credit.
Clean energy experts say the pressure is off for solar customers to be on time to receive the higher credits. Solar system manufacturers and installers are looking forward to more record breaking solar sales due, in part, to the new Covid Relief Bill as law.
Pressure Is Off Solar Customers
For Solar Integrated Roofing Corp. (OTC PINK: SIRC), clean energy offers opportunities under a friendly Biden administration seen as supporting solar and electric energy. For SIRC, state mandates in its home state of California means a 2035 mandate for new sales of only all-electric cars and solar systems in all new residences beginning in 2020. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking Forward To 2021 As its Volume Grows, Focus On Up Listing Increases, Solar Federal Tax Credits Will Drive Sales And Entry Into More Adjacent Clean Energy Categories Offers Opportunities.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is not only in both of those two sectors — including a dedicated new subsidiary in the EV charging station business — but also entering clean energy all-electric tractors in a worldwide farm equipment market. It is also entering the new home market in greater San Diego with other builders within a California that mandates all new residences be powered by solar systems. For all those reasons, SIRC is in the right place at the right time. Clean energy is a multiple-sector opportunity now offering more opportunity than ever before for Solar Integrated Roofing Corp. (OTC PINK: SIRC).
SIRC’s strategy of acquiring other solar and HVAC companies is already paying off for Solar Integrated Roofing Corp. (OTC PINK: SIRC). The Company reported a record $5.3 million in preliminary unaudited sales for Q3 FY 2021. That represents a 130% volume jump compared to the same period the prior year. Goldman Small Cap Research says SIRC sales will reach $38.5 Million In FY 2022 and $90 million in FY 2023. It predicts the Company will attain that volume at substantial profit in both years and said its stock price will hit a $0.25 price target set for 3-6 months. As a result, SIRC is focused on an up listing that will expose it stock to more potential investors.
For the solar industry, the federal tax credit extension after President Trump signed the $900 billion Covid Relief Bill Sunday night, is seen as leading to more fast-growing expansion. Homeowners will be offered a higher solar tax credit for two additional years to 2023 at a higher tax credit percentage — 26%. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking Forward To 2021 As its Volume Grows, Focus On Up Listing Increases, Solar Federal Tax Credits Will Drive Sales And Entry Into More Adjacent Clean Energy Categories Offers Opportunities.
SIRC Enters EV Charging Stations, All-Electric and Solar Powered Tractors In Worldwide Farm Equipment Market
As SIRC enters the clean energy classification in more adjacent sectors, such as EV charging and all-energy farming equipment internationally, it is seeing a brighter 2021 as it continues to break volume records. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking Forward To 2021 As its Volume Grows, Focus On Up Listing Increases, Solar Federal Tax Credits Will Drive Sales And Entry Into More Adjacent Clean Energy Categories Offers Opportunities.
A Higher 26% Two-Year Solar Federal Credit Extension In Newly Signed COVID Relief Law
The extension of the higher Federal Solar Tax Credit is seen as great news for SIRC, TSLA, SPWR and other solar companies. A tax credit makes solar installations even more popular because it already offers a healthy four year pay back on installation investment and the solar units themselves have a 40 year operational expectancy. Now, with the extension of the 26% federal tax credit, solar is even a greater and faster ROI investment.
SIRC Services Now Include Solar, Battery Pickup, EV Charging, Roofing Installation, HVAC Work And Electrical Contracting
David Massey, Solar Integrated Roofing Corp. (OTC PINK: SIRC) CEO, said, “With services now spanning solar, battery backup, EV charging, roofing installation, HVAC work and electrical contracting, we are well positioned to tackle increasingly large opportunities.” SIRC’s Massey projects that Company’s sales will reach a record breaking $40+ million in fiscal 2022 revenues, ending February 28, 2022. Solar Integrated Roofing Corp. (OTC PINK: SIRC) forecasts that it would report record volume of $20 million for FY 2021, ended February 28, 202.
Learn more about Solar Integrated Roofing Corp. (OTC PINK: SIRC) at its website.
Source: Stock Market Press
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