Solar May Enjoy Dream Week As Biden Set To Sign $1.2 Trillion Infrastructure Bill Into Law And $1.75 Trillion 'Build Back Better' Bill With Extended Solar Tax Cred-its Faces Congressional Vote; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Awaits Solar Tailwind Funding From Government

Solar May May Enjoy Dream Week As Biden Set To Sign $1.2 Trillion Infrastruc-ture Bill Into Law And $1.75 Trillion ‘Build Back Better’ Bill With Extended Solar Tax Credits Faces Congressional Vote; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Awaits Solar Tailwind Funding From Government

Posted November 15, 2021

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

For alternative energy and solar in particular, this may be dream week as President Biden is set to sign as early as today (Monday, November 15, 2021) the $1.2 trillion Infrastructure Bill into law. Congress is scheduled to vote this week on the $1.75 or $1.85 trillion ‘Build Back Better’ bill that extends solar tax credits. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), it could be even sweeter because the Company is an applicant for $100 million in federal energy grants. Passage of the ‘Build Back Better’ bill could make them a reality.

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), Sunburn, 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 May Enjoy Dream Week As Biden Set To Sign $1.2 Trillion Infrastructure Bill Into Law And $1.75 Trillion ‘Build Back Better’ Bill With Extended Solar Tax Credits Faces Congressional Vote; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Awaits Solar Tailwind Funding From Government

The ‘Build Back Better’ bill facing a Congressional vote this week could drive perks for solar buyers — such as an extension of federal tax credits for as long as 10 years. It could also mean more funding for production of domestic solar panels.

As part of an eco-system alternative energy spending package, Biden’s ‘Build Back Better’ bill is a massive social spending bill. It also allocates funding support for solar, wind and other alternative energy sectors.

Key is winning the support of Sen. Joe Manchin and Sen. Krysten Sinema. Other moderate Democrats, with an eye of next year’s mid-term elections, also appear skittish approving elements of the proposed bill. Meanwhile, 13 Republicans voted for the $1.2 trillion infrastructure bill to help it pass.

The solar industry, including installation firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), want the solar tax incentives approved to enable them to close sales on more solar installations. It will provide an incentive for prospective homeowner buyers due to a 10-year extension on federal tax credits for solar systems.

Last week, Congress passed the $1.2 trillion first Infrastructure Bill. In provides $7.5 billion for electric vehicles and grants to propel building of more EV Charging Stations. Through its subsidiary PLEMCo., SIRC is in the EV Charging Station business and hopes to grow with more acquisitions in this space. President Biden is expected to sign that passed bill this week, possibly as early as today.

SIRC itself is an applicant for about $100 million in government grants to help build more EV Charging Stations. President Biden wants a national network of 500,000 charging stations completed by 2030. Solar funding is now the next step in the two-bill infrastructure process. Solar May Enjoy Dream Week As Biden Set To Sign $1.2 Trillion Infrastructure Bill Into Law And $1.75 Trillion ‘Build Back Better’ Bill With Extended Solar Tax Credits Faces Congressional Vote; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Awaits Solar Tailwind Funding From Government.

Installers of EV Charging Stations, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA) and others will benefit from the passage of the Infrastructure bill. Funding for electric vehicles and their supporting network of EV Charging Stations means more money from the federal government in the $1.2 trillion infrastructure program. Analysts say the stock prices of firms above could rise as a result.

Funding and grants are for electric vehicle OEM manufacturers and installers of EV Charging Stations. The spending is designed to alleviate range anxiety from potential buyers concerned about running out of charge on longer trips. Solar May Enjoy Dream Week As Biden Set To Sign $1.2 Trillion Infrastructure Bill Into Law And $1.75 Trillion ‘Build Back Better’ Bill With Extended Solar Tax Credits Faces Congressional Vote; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Awaits Solar Tailwind Funding From Government.

SIRC is an applicant for about $100 million in government grants towards building more EV Charging Stations. David Massey, Chairman and CEO of SIRC, said he remains optimistic about approval on the grants — but said he had heard no definitive news yet.

As proposed now, the solar sector would receive funding for consumer and commercial buyers in the form of extensions of the solar tax credits. Passage in some form looks assured. The $550 billion for climate change initiatives in the new $1.75 trillion- $1.85 trillion ‘Build Back Better’ Bill is a compromise. The deal as now proposed includes about $320 billion in tax credits for companies that buy and build solar, wind and nuclear power. It would mark the biggest spending program on climate investment in U.S. history.

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

Source: Stock Market Press

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Shannon Roxborough

Shannon Roxborough is SMP's senior contributor writer. A financial journalist for more than 20 years, he has covered U.S. and global markets across all sectors. A former correspondent with Money magazine and columnist with Small Cap Investor, his writings have appeared in The Wall Street Journal and numerous other financial publications.