Washington Outsiders Think BBB Bill Is Dead, But Think Again Because Demo-crats Are Keeping It Alive With Various Clean-Energy Investment Tax And Produc-tion Tax Credits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Future In Alternative Energy Such As Solar And EV Charging Stations

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Washington outsiders think the Build Back Better (BBB) is dead, as are all of its tax incentives for clean energy. They’re wrong. Segments of BBBB are still alive in Congress — especially investment tax incentives and production tax perks. Democrat want to keep these tax segments active. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees future in Alternative Energy Such As Solar And EV Charging Stations.

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Washington Outsiders Think BBB Bill Is Dead, But Think Again Because Democrats Are Keeping It Alive With Various Clean-Energy Investment Tax And Production Tax Credits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Future In Alternative Energy Such As Solar And EV Charging Stations

Read the fine print because Democrats want to keep elements of the BBB bill alive — especially those investment tax and production credits for clean energy companies. In the House-passed measure, these tax breaks change in design over time and are less tied to particular technologies, according to an analysis by The Wall Street Journal.

BBB as an entire bill is dead, but elements of the green renewable agenda remain alive. Even Joe Manchin likes parts of the segments to be rescued from the ashes of the BBB bill. In total these taxes are worth some $300 billion. Some legislators see this as a once in a lifetime opportunity to save clean energy incentives while the party remains in control.

The tax incentives designed to to stimulate carbon capture is perhaps a once in a lifetime opportunity. If Democrats lose the midterms — an increasingly likely scenario — they may never see an opportunity like this again for green energy supporters.

Some even see this strategy as a way of re-securing energy independence again.

The tax incentives in the original BBB bill are seen as being able in themselves to support green energy initiatives from companies that stand to receive the tax breaks. Washington Outsiders Think BBB Bill Is Dead, But Think Again Because Democrats Are Keeping It Alive With Various Clean-Energy Investment Tax And Production Tax Credits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Future In Alternative Energy Such As Solar And EV Charging Stations.

Legislators are targeting tax breaks for nuclear energy and hydrogen production, both green clean energy priorities. The goal now is to win the votes of Sen. Manchin and Sinema so a re-drafted bill can pass the Senate.

President Biden acknowledged that he cannot get Congress to pass in whole his BBB Bill. As a result, he and House Leader Nancy Pelosi say now they will ‘rename’ BBB and try to pass it in pieces or ‘chunks.’ That is happening now.

Passage of the Bill is critical to SIRC and other EV Charging Station installers because it also contains extended tax credits for EV buyers. Supporting an all new EV vehicle sales program would call for a nationwide network of EV Charging Stations. If all works out, the future opportunity for SIRC and its subsidiaries would be dramatically increased.

On the positive side, some Republicans as well as Democrat Joe Manchin have gone on record saying they like the segment of the bill which addresses the environment. That could be good news for alternative green energy incentives.

Washington Outsiders Think BBB Bill Is Dead, But Think Again Because Democrats Are Keeping It Alive With Various Clean-Energy Investment Tax And Production Tax Credits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Future In Alternative Energy Such As Solar And EV Charging Stations

The U.S. is lagging other countries, such as China, and Europe, in offering subsidies to propel EV vehicle sales. As a result, the U.S. is far behind in market penetration now of EVs into the general car/truck population.

In Germany, 25% of all new car sales are electric. In China, it is some 14%.

The U.S. is far behind those two at only 4% penetration o all OEM sales. Some of this reflects concern over environmental and geo-economic concerns.

Also, Solar installers like SIRC see the tax credits as vital to selling solar to consumers and business prospects. The tax credits serve as a valuable issue in SIRC and others being able to ‘close’ installation sales.

For solar advocates, such as SIRC, if the segment including EV tax credits was included first, this would be a great and important development. More and longer federal tax credits would help solar installers, such as SIRC, close more solar system sales this year. The timing would also be helpful because it would drive pressure for potential buyers to commit now.

SIRC is an applicant for some $80 million in EV Charging Station grants to build and install more units.

The Congressional Budget Office (CBO) in its analysis believes that the original BBB would add some $400 billion to the federal budget deficit. A study by the Wharton School says BBB will cost even more to the U.S. taxpayer — north of $3 billion. That appears dead in the water and unacceptable.

Solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are awaiting final approval of a new piecemeal bill because It could drive perks for electric car/truck buyers. An extension of federal tax credits could mean more purchases.

Washington Outsiders Think BBB Bill Is Dead, But Think Again Because Democrats Are Keeping It Alive With Various Clean-Energy Investment Tax And Production Tax Credits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Future In Alternative Energy Such As Solar And EV Charging Stations

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

Source: Stock Market Press

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