Solar Tops Three Million Homes In U.S. As Industry Overcomes Common Head-winds And Offers Consumers Technological Gains, Efficiency And 29% Cost Cuts Per Watt Generated; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Solar Alternative Energy

Posted May 2, 2022

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

Solar tops three million homes in U.S. as industry overcomes common headwinds and offers consumers technological gains, efficiency and 29% cost cuts per watt generated, according to a new report by Energy Sage. Despite labor shortages, some recent price hikes and supply chain issues, solar still offers consumers a financial energy alternative to fossil fuel HVAC. Solar Integrated Roofing Corp. (OTC PINK: SIRC) believes In solar alternative energy

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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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 Tops Three Million Homes In U.S. As Industry Overcomes Common Headwinds And Offers Consumers Technological Gains, Efficiency And 29% Cost Cuts Per Watt Generated; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Solar Alternative Energy

Solar Sage now says American homes with solar energy tops three million. The reasons are many — but financial incentives are a power tool. Solar offers greater cost benefits per watt generated, with technological advances helping to make rooftop solar panels more efficient. Industry statistics show that the industry has been successful in offsetting common industry headwinds: shortages of installation workers, supply chain interruptions, some higher component costs and other issues.

Despite it all, solar still manages to be a sensible financial choice for himeowners facing fossil fuel price increases. Even is markets where local utilities make selling back excess electricity generated by solar, the increased use of rechargeable solar battery systems — such as Tesla’s (NASDAQ: TSLA) own Powerwall — makes it possible for homeowners to manage their own solar energy.

Surveys are finding that whole solar does cut carbon emissions and makes for a green environment, homeowner/buyers choose solar primarily for its fiscal savings over the long term returning the investment in a rooftop system within eight years. That drives solar system installations nationally — especially in California, the nation’s largest solar state, where solar is required for all new residences.

High demand for rooftop solar will drive installation sales through at least 2026 by a 7.3% fast CAGR, a recent report shows. The solar industry, like other construction specialties, is exposed to supply chain shortages, price hikes, pandemics/variants and all kinds of impediments. Yet, consumer demand for more solar installations will drive its future at least through 2026, it finds.

Solar system installers, such as SIRC, will be challenged to keep up with heightened consumer demand for new systems. Home heating oil and gas are rising in price and sometimes in scarce supply. Solar provides continuous heating/cooling energy and is priced right — especially in conjunction with peripherals such as solar rechargeable batteries. Together, they give solar system owners control to manage their own energy needs.

Another recent solar system research study — the new 14th annual solar survey by EnergySage — found that Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) were standouts in the field in 2H 2021 for winning quotes in the solar system industry. They were rated being the least expensive quotes (Tesla) and gaining the most market share in branded solar battery quotes (Enphase) in report period.

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. Financial considerings and savings are key to making solar purchase decisions.

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 Tops Three Million Homes In U.S. As Industry Overcomes Common Headwinds And Offers Consumers Technological Gains, Efficiency And 29% Cost Cuts Per Watt Generated; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Solar Alternative Energy.

As SIRC builds a national footprint in solar installations, using the two most popular solar equipment brands is a positive trend.

For years, SIRC has been a certified installer of Tesla’s PowerWall brand solar rechargeable batteries. It recently announced it has also reached a new pricing agreement with Enphase for the pricing of its ‘Enphase Energy System’ Including IQ Batteries, IQ Microinverters And Communications Software. It enables SIRC more margins for its national solar installations in 40 states from its 250+ sales teams and commercial development firms.

Founded in 2006, Enphase’s revolutionary microinverter technology has changed the solar industry. The company has installed more than 39 million microinverters on some 1.7 million homes in more than 130 countries. Solar Tops Three Million Homes In U.S. As Industry Overcomes Common Headwinds And Offers Consumers Technological Gains, Efficiency And 29% Cost Cuts Per Watt Generated; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Solar Alternative Energy.

SIRC’s family of companies can now install in customer’s homes Enphase’s 3R rated IQ batteries designed to work with grid-tied solar panel systems. It offers customers reliable solar backup power and an all-in-one AC-coupled storage system that is smart, simple, and safe.

The IQ8 is Enphase’s smartest microinverter yet and changes the paradigm for solar technology, which otherwise requires a grid connection to operate.

David Massey, founder and CEO of SIRC, says, “Enphase is a leader in home energy systems, and we are privileged to provide its energy solution to our over 250 sales teams spanning 40 states and our commercial development firms.

“I have used Enphase micro inverters since 2006 and have the utmost confidence in their products. Further integrating Enphase into our sales mix comes at an opportune moment as homeowners are increasingly interested in a backup battery system in a time of extreme weather and frequent power interruptions,” he concluded.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state.

SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business, which are potential buyers of solar systems, can see clearly that 2022 offers them a rare chance to beat central grid electricity increases.

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

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

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.