USA Solar Networks, Acquired By Solar Integrated Roofing Corp. (OTC PINK: SIRC), Strengthens Its Potential Client Base By 30+% And Footprint To 40 States Through Tier 1 Strategic Joint Venture Agreement For Sunnova Energy Interna-tional, Inc. (NYSE: NOVA) To Provide Leasing And Financing Services Across Its Network Nationwide
Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces that its subsidiary, USA Solar Networks, has formed a Tier 1 strategic partnership for Sunnova Energy International, Inc. (NYSE: NOVA) to provide leasing and financing services for USA Solar Networks expanding client base — offering options such as lending, leasing or PPA options. Pablo Diaz, CEO of USA Solar Networks, says his company within SIRC has now grown to serving 40 states and grown its client base y 30+%. NOVA, valued at over $3.8 billion, has assisted more than 160,000 homeowners with solar installations.
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).
USA Solar Networks, acquired by Solar Integrated Roofing Corp. (OTC PINK: SIRC), strengthens its potential client base by 30+% and footprint to 40 states through Tier 1 strategic joint venture agreement for Sunnova Energy International, Inc. (NYSE: NOVA) to provide financing services across its network nationwide
In multiple interviews, Pablo Diaz, CEO of USA Solar Networks, has maintained that funding is a key driver of new solar installations — making it simpler to close solar installation sales through available financing. Sunnova now serves as the third leg of that stool for SIRC’s USA Solar Networks, enabling its National Dealer and Contractor Network to add more clients across a larger nationwide footprint of 38 states. USA Solar Networks, acquired by Solar Integrated Roofing Corp. (OTC PINK: SIRC), strengthens its potential client base by 30+% and footprint to 40 states through Tier 1 strategic joint venture agreement for Sunnova Energy International, Inc. (NYSE: NOVA) to provide financing services across its network nationwide.
Diaz said on the latest JV agreement, “By combining Sunnova’s innovative financing options with our strong ‘service first’ culture, we are quickly becoming the premier solar provider in many areas of the country. Leasing capabilities have been a missing piece of our sales program — we are truly privileged to offer this in conjunction with a tier-1 provider like Sunnova, greatly expanding our revenue potential and growing our potential client base by an estimated 30% or more. I look forward to working with the Sunnova team to further their goal of bringing the benefits of solar to every homeowner in the country.”
Through the partnership, USA Solar Networks has now expanded to over 40 states nationwide, and services over 100 solar sales organizations across the country. SIRC and its subsidiary USA Solar Networks, this transaction could ‘significantly improve’ its sales organizations, generate thousands of new projects annually, driving millions of dollars in incremental revenue, the company said. USA Solar Networks, acquired by Solar Integrated Roofing Corp. (OTC PINK: SIRC), strengthens its potential client base by 30+% and footprint to 40 states through Tier 1 strategic joint venture agreement for Sunnova Energy International, Inc. (NYSE: NOVA) to provide financing services across its network nationwide.
In a recent Q&A with shareholders, David Massey, SIRC Chairman and CEO, and Diaz were bullish about SIRC’s related solar joint venture partnership with Storm Ventures Group (SVG) and its SVG University. The goal is to attract dealers and contracts to USA Solar Networks and educate them about adding solar to their services and join USA Solar Networks. Pablo Diaz, CEO of USA Solar Networks, says the transaction may mean hundreds of incremental solar projects per month — resulting in millions of new sustainable monthly revenue for his company and parent SIRC.
Diaz and Massey said on the Q&A that the strategic partnership between SIRC and SVG could be lucrative for both of them. Without giving total revenue for planned projects, Diaz told listeners the new venture could mean 100 new projects per month — with USA Solar Networks overseeing them and, if necessary, offering capital solutions funding to drive them forward. At $30,000 average per installation project, the monthly numbers can be exciting, he said.
USA Solar Networks, acquired by Solar Integrated Roofing Corp. (OTC PINK: SIRC), strengthens its potential client base by 30+% and footprint to 40 states through Tier 1 strategic joint venture agreement for Sunnova Energy International, Inc. (NYSE: NOVA) to provide financing services across its network nationwide
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/. To learn more Sunnova International International, Inc. (NYSE: NOVA), go to www.sunnova.com
Source: Stock Market Press
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