Solar Market Growing At 35% CAGR Through 2025 Projects New Research Report As States, Companies Set Deadlines For Meeting Low Carbon Footprint; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Solar Market Into More States And Metropolitan Areas Via Cross-Selling Strategies

 In NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: VSLR, OTC PINK: SIRC

A new research report,‘Solar Energy Storage Market,’ projects that solar is growing quickly — expanding at a 35% CAGR through 2025. Off-grid homes, money-saving incentives, state legislation and a desire to reduce carbon footprints are some  reasons for the growth. A entrepreneur and visionary’s view of an efficient HVAC/solar home of the future all add up to more solar installation growth. Elon Musk, CEO of Tesla, Inc. (NASDAQ: TSLA), may see a bright future in electric cars and space travel. But he sees the brightest future in solar, battery backup storage and HVAC. Solar Integrated Roofing Corp. (OTC PINK: SIRC) shares his vision as it grows beyond its Southern California base into New Mexico as it eyes cross-selling opportunities in solar, backup solar storage batteries, HVAC and contract electrical work.

stockmarketpress.com features specialized coverage of related stocks in the solar industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Tesla, Inc. (NASDAQ: TSLA),  SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivint Solar Inc. (NYSE: VSLR).

Solar Market Growing At 35% CAGR Through 2025 Projects New Research Report As States, Companies Set Deadlines For Meeting Low Carbon Footprint; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Solar Market Into More States And Metropolitan Areas Via Cross-Selling Strategies

As it expands into more states, such as New Mexico’s Albuquerque/Santa Fe metropolitan area, it also finds solar opportunities in five more metropolitan markets. SIRC also sees the opportunity of making more acquisitions. If it buys Enerev, LLC it may also grow into the Phoenix, Arizona market. Enerev, LLC sees opportunities there. Solar Market Growing At 35% CAGR Through 2025 Projects New Research Report As States, Companies Set Deadlines For Meeting Low Carbon Footprint; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Solar Market Into More States And Metropolitan Areas Via Cross-Selling Strategies.

SIRC Generated 50+% More Sales Of $3.3 Million YOY In September And October 2020, Anticipates A Record-Breaking Q3 At 40% Gross Margins

As it grows organically and by acquisition, Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced yesterday a 50+% spike in its volume YOY in September and October with sales of $3.3 million. The Company anticipates a record-breaking Q3. The sales jump was highly profitable with the Company expecting a 40% gross margin for both months combined.

Cross Selling Of Solar Systems, Roofing, Backup Battery Installation And Related HVAC/Electrical Contracting Work

David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “With supportive industry trends driving increased solar adoption and our significant cross selling opportunities across solar, battery backup installation, roofing and related HVAC/electrical contracting work, we have driven what I expect to be a record third quarter, with year-over-year revenue growth in excess of 50% to $3.3 million at an expected 40% gross margin for the months of September and October 2020.” Solar Market Growing At 35% CAGR Through 2025 Projects New Research Report As States, Companies Set Deadlines For Meeting Low Carbon Footprint; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Solar Market Into More States And Metropolitan Areas Via Cross-Selling Strategies.

Massey Is Optimistic About 30-Day Joint Venture Agreement

Earlier this month, Solar companies Solar Integrated Roofing Corp. (OTC PINK: SIRC) and Enerev, LLC, announced on November 12 this year that they have signed a 30-day joint venture agreement to ensure a correct fit and successful combination if SIRC acquires Enerev in the future. The joint venture agreement is designed to ensure both companies will strategically align marketing, sales and operations of a combined business.

Achieving Scale Through Acquisition

Massey is bullish on the joint venture and a potential future acquisition of Enerev, LLC. “As we continue to achieve scale through acquisition, such as our recently announced HVAS acquisition or potential future Enerev acquisition after the completion of our 30-day joint venture,” Massey said, adding, “I would expect continued record-breaking results for us as we fully realize the immense cross-selling benefits that face us today.”

More Opportunities Ahead In The Phoenix, Arizona Market?

Enerev has completed more than 9,000 solar energy system installations in residential and commercial properties in California and is now looking at opportunities in the Phoenix, Arizona metropolitan area. Solar Market Growing At 35% CAGR Through 2025 Projects New Research Report As States, Companies Set Deadlines For Meeting Low Carbon Footprint; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Solar Market Into More States And Metropolitan Areas Via Cross-Selling Strategies.

Joint Venture Agreement Is Opportunity For Both Teams To Work Together

Massey added that Enerev is a market leader and its team includes solar energy systems installers with over 30 years of combined experience in the solar industry and a wide residential and commercial customer base. The company is expected to generate revenues of more than $2 million per month over the next 12 months, Massey said.

$40+ Million Volume For SIRC Seen In Fiscal 2022

SIRC is also expanding and projects that its fast-track growth in California and other markets will generate greater than $40 million in fiscal 2022 revenues. In the current 2021 fiscal year, SIRC forecasts it would report $20 million in volume for the year ended February 28, 2021. Learn more about both companies at  Solar Integrated Roofing Corp. (OTC PINK: SIRC) and Enerev LLC.

Massey said, “Our business strategy has always been to expand beyond Southern California and become an industry leader at the national level.” He said that his Company is currently exploring five additional metropolitan areas for future expansion locations.

SIRC Is Expanding Into Albuquerque/Santa Fe Metropolitan Market In New Mexico In Partnership With SunPower Corporation

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is expanding into the Albuquerque/Santa Fe metropolitan market in New Mexico with its recent partnership with SunPower Corporation as a premier dealer in the New Mexico market. For SIRC, this expansion is low cost because SIRC will utilize the company’s online infrastructure and virtual sales office. With a market of 1.1 million new customers and only a 5% penetration rate of solar energy from residential and commercial markets, this is an area ripe with opportunity.

Research: ’Demand For Solar Cells Has Gained Major Traction’

Research studies find that global solar is growing fast. Allied Market Research projects that worldwide global solar market is growing at a 20.5% CAGR to USD $223.3 Billion By 2026. The report states, “The demand for solar cells has gained major traction in owing to surge in rooftop installations, followed by increase in applications in the architectural sector.” According to a new (November 2020) study by Fortune Business Insights, the global solar market the global solar market size is projected to be USD $194.75 Billion by 2027, growing at a CAGR of 5.9% during the forecast period from 2020-2027.

Source: Stock Market Press

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