Solar Soars And Gains Share In States Such As Georgia As 43% Drop In Instal-lation Costs Help Drive Solar Statewide Without Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar, Sees $250 Million FY 2023 After Recording 600% Jump In July 2021 Volume

The Wall Street Journal reports that solar is soaring in states even without mandates or renewable energy requirements. You may think of California when you think solar — but think Georgia, instead. Property owners, Georgia Power and smaller but efficient electric cooperatives have combined with a 43% drop in solar installation costs over the past five years to make Georgia a center of solar power. Solar lobbyist Solar Energy Industries Association (SEIA) says Georgia ranks ninth nationally in installed solar capacity. All this from a state that was solar power-less a decade ago. For Solar Integrated Roofing Corp. (OTC PINK: SIRC), with  a nationwide footprint in solar and roofing, Georgia’s success with solar energy is great news.

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), 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 Soars And Gains Share In States Such As Georgia As 43% Drop In Installation Costs Help Drive Solar Statewide Without Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar, Sees $250 Million FY 2023 After Recording 600% Jump In July 2021 Volume

The SEIA argues that the 44% drop in solar installation costs over the past five years has made the difference, but that lower pricing is only one factor — more are other factors such as low cost energy, low cost energy lines and the impact of electrify cooperatives. So, Georgia doesn’t need mandates to push solar. We’ve already seen those in California, Iowa, New York and Colorado.

Sometimes in those states we’ve seen legislative battles with solar vs. utility companies that want solar owners to pay more for access to the central power grid and be paid less for solar-generated excess electricity homeowners want to sell back to the power companies. Solar Soars And Gains Share In States Such As Georgia As 43% Drop In Installation Costs Help Drive Solar Statewide Without Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar, Sees $250 Million FY 2023 After Recording 600% Jump In July 2021 Volume.

The solar growth in Georgia due to low installation (materials) costs are documented by EnergySage’s 13th Semiannual study released last week, Solar Marketplace Intel Report™, reports that the cost of solar went down in a survey of 37 states through June 2021, while storage prices are creeping up 10% from Q3 2020 through Q2 2021. Meanwhile, financing costs for solar installations have dropped to near nothing.

“The consumer demand we’re seeing for energy storage on our platform is remarkable,” said Vikram Aggarwal, EnergySage CEO and founder. He noted that prior, solar loans stagnated — but finally began to drop in the first half of 2021. Consumers find loans in the 12-20 year range the most popular with some rates starting out for as little as 0.99%. Solar Soars And Gains Share In States Such As Georgia As 43% Drop In Installation Costs Help Drive Solar Statewide Without Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar, Sees $250 Million FY 2023 After Recording 600% Jump In July 2021 Volume.

In the green renewable energy space, Solar Integrated Roofing Corp. (OTC PINK: SIRC) has been active in growing its footprint in the total solar space.

David Massey, Chairman and CEO of SIRC, said the company is growing by acquisitions as well as internally-generated or organic growth. “The acquisitions drove annual revenues to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to achieve profitability in FY 2022.” He also predicts FY 2023 sales of some $250 million for SIRC.

SIRC achieved a 600% sales jump in July over last year’s volume for the month, preliminary and unaudited numbers show. SIRC reported volume for July 2021 of $10.5 million — the highest per month sales totals for the company. Massey said in a new live Q&A online session with shareholders and the total investment community. Massey projects $100+ million in sales for FY 2022 and $200 million in FY 2023. Solar Soars And Gains Share In States Such As Georgia As 43% Drop In Installation Costs Help Drive Solar Statewide Without Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar, Sees $250 Million FY 2023 After Recording 600% Jump In July 2021 Volume.

Congress is debating a final total infrastructure bill which would include extended and additional solar tax credits.  To firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), the infrastructure program is key to future renewable green spending — such as federal tax credits for solar installations. Biden has said he wants to double the number of solar panels in operation in the U.S.  For right now, infrastructure is in limbo as the Biden administration is busy with  Afghanistan.

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

Source: Stock Market Press

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