If any good comes out of the Russian-Ukraine War, it is the quickening of goals for rooftop solar throughout Europe as countries seek to rid themselves of Russian fossil fuels, a new draft seen by Bloomberg yesterday shows. Hopefully, the trend will ripple to the U.S. as a fast-trend to rooftop solar and away from dependence on costly and emission-emitting fossil fuels. Solar Integrated Roofing Corp. (OTC PINK: SIRC) believes in the future of rooftop solar and alternative energy.
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Rooftop Solar Expected To Soar Internationally As European Commission Draft Sets Aggressive Doubles New Energy Goals To Offset Russian Fossil Fuels, Reports Say; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Future Globally Of Solar Alternative Energy
A report yesterday by Bloomberg leaked the results of a draft European Commission strategy study that suggests rooftop solar can replace Russian fossil fuels. It intends to seek to double the energy generated by solar — hoping to install over 300 gigawatts of photovoltaics by the middle of this decade, twice the level seen in 2020. Further, the new goal is also more than 500 gigawatts by 2030.
The ‘swift, massive deployment’ envisioned by the draft study will require speeded up permitting by governments to make attaining the aggressive goals possible. The leak of the draft was probably intentional — delivering a shot ‘across the bow’ to wartime Russia, and delivering a practical and efficient solution to the energy issues facing Europe.
If put in place, the strategy would place rooftop solar on a higher profile in the US, as well. Solar growth has been slowed in the US by utilities and new net metering policies a debate which has compromised the financial attractiveness of homeowners investing in a solar system.
In other words, rather than debating the now multi-state issue of whether solar fiscal benefits has low income utility ratepayers subsidizing ratepayers who invested in rooftop solar — this draft calls for emergency measures to get the ball rolling on solar internationally.
Solar Sage reports that the number of American homes with solar energy tops three million. The reasons are many — but its study finds that financial incentives to adding these systems are an important ‘closing’ power tool in completing the sale. 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.
Solar still manages to be a sensible financial choice for homeowners facing fossil fuel price increases. Even in 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 branded Powerwall — makes it possible for homeowners to manage their own solar energy.
Surveys are finding that while 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.
Consumers want a return on their rooftop solar investment and also seek safety from predicted rolling blackouts and other power interruptions.
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.
The Russian-Ukraine War will drive the installation of more rooftop solar in Europe — that could ripple to the US, as well.
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.
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.
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.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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