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President Biden Says Yesterday BBB Bill Will Be Cut Into Pieces Designed To Pass Congress: Solar Tax Credit Extensions And Other Green Energy Funding At Stake; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Install-ers Are Watching Reformatting Of Bill

At his press conference yesterday, President Biden says he will cut Build Back Better (BBB) bill into segments designed to pass it piecemeal in Congress. At stake is green alternative energy funding including extended tax credits for solar installation. For solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), passage of this segment is critical. SIRC will be watching how the re-formatted bill would be presented.

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)

President Biden Says Yesterday BBB Bill Will Be Cut Into Pieces Designed To Pass Congress: Solar Tax Credit Extensions And Other Green Energy Funding At Stake; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Are Watching Reformatting Of Bil

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. Biden’s BBB Bill Won’t Happen Until 2022 And Solar Tax Credit Extensions May Be Reduced Or Cut If A Smaller Bill Becomes Law; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Are Watching Washington DC

The Administration BBB has already passed the Democratic-majority House. Unable to pass the Senate and missing several ‘deadlines’ — now Biden says yesterday he will have to impose a new tactic. This. He floated the idea in the press conference of submitting a reformatted BBB bill to the Senate in pieces or segments to win passage.

Now solar installers are are intrigued and wondering in which segment the green energy funding will be included. 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 — such as solar.

Other sections of the BBB are seen as too costly and not vital to BBB’s passage.

For solar advocates, such as SIRC, if the segment including solar 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.

The BBB bill is geared more to ‘social’ infrastructure and includes solar tax credits. Biden’s Infrastructure bill is now law — with its built-in support for EVs.

SIRC is an applicant for some $80 million in EV Charging Station grants to build and install more units. President Biden Says Yesterday BBB Bill Will Be Cut Into Pieces Designed To Pass Congress: Solar Tax Credit Extensions And Other Green Energy Funding At Stake; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Are Watching Reformatting Of Bill.

Washington insiders last year predicted passage of a downsized BBB bill. Now they are not so sure, as inflation makes BBB a mid-term election issue in upcoming elections. If BBB is seen as any factor in contributing to higher or longer inflation, Senators may not be as eager to pass it.

So the question now is that form will the new BBB take. How far will Senators slash BBB funding — and how will solar tax credits be impacted?

The Congressional Budget Office (CBO) in its analysis believes that the bill BBB bill — in its initial form — 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.

Solar installers, such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), are awaiting final approval of the new bill because It could drive perks for solar buyers. An extension of federal tax credits for as long as 10 years could mean more installations. More funding for production of domestic solar panels manufacturers could blunt price hikes and market share won by imported models.

The new spending package calls for the biggest spending program on climate investment in U.S. history.

President Biden Says Yesterday BBB Bill Will Be Cut Into Pieces Designed To Pass Congress: Solar Tax Credit Extensions And Other Green Energy Funding At Stake; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Are Watching Reformatting Of Bill.

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

Source: Stock Market Press

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