Solar Integrated Roofing Corp. Announces New Pricing Agreement with Tier 1 Solar Suppliers to Improve National Margin Profile
The SIRC family of companies will offer Enphase’s energy system, including battery backup and microinverters, covering its more than 250 sales teams in 40 states
New Pricing Agreement with Enphase and a Tier 1 Solar Panel Supplier to Cut Solar Installation Hardware Costs by More Than 25%
EL CAJON, Calif. /ACCESSWIRE/March 3, 2022/ Solar Integrated Roofing Corp. (OTC PINK: SIRC), an integrated solar power, rooftop installation and electric vehicle charging company, today announced that it has signed a new pricing agreement with Enphase Energy to offer the Enphase Energy System including IQ batteries, IQ microinverters and communication software for residential and commercial solar installations – as well as with a global Tier 1 solar panel supplier – through its more than 250 sales teams and business development companies spanning 40 states.
New pricing agreement with Enphase, coupled with new Tier 1 solar panel supply agreements, reduces the cost of Solar Integrated Roofing material costs for CED Greentech’s solar kits by more than 25%, from approximately 1 $.15 to $0.85 per watt. This wholesale pricing agreement offers a significant margin opportunity even after engineering and installation costs, when sold at a target price of $4.00+ per watt to residential customers.
Founded in 2006, Enphase transformed the solar industry with its revolutionary microinverter technology. The Enphase Energy System brings solar power, batteries, and monitoring software together in one complete package and empowers people to make, use, save, sell, and own their electricity. The company has installed more than 39 million microinverters in more than 1.7 million homes in more than 130 countries, helping millions of people access clean, affordable and reliable energy while creating good jobs and a carbon-free future for all.
Customers in the SIRC family of companies will benefit from Enphase’s IQ 3R batteries designed to work with grid-tied solar panel systems to provide homeowners with access to reliable backup power. It’s an all-in-one AC-coupled storage system that’s reliable, smart, simple, and safe. The IQ8 is Enphase’s smartest microinverter to date and fundamentally changes the paradigm of solar technology, which otherwise requires a grid connection to operate. With IQ8, homeowners can now form a microgrid during a power outage using sunlight, providing backup power even without a battery.
The Enphase Energy System can be monitored via a smart mobile app to see how much energy a customer produces, uses, and saves, both in real time and as it fluctuates over time. Customers also have access to Enphase’s proprietary Envoy communication system and Enlighten website, where Enphase customers can monitor and manage their solar power systems 24 hours a day. years of Enphase on equipment as well as 25-year 0.99% financing on solar systems through Solar Integrated Roofing – offering the best warranty available in the alternative energy market with attractive financing terms.
“Enphase is a leader in home energy systems, and we are privileged to provide its energy solution to our more than 250 sales teams in 40 states and our business development companies,” said David Massey, CEO of Solar. Integrated Roofing. “I have been using Enphase microinverters since 2006 and have the utmost confidence in their products. Bringing Enphase into our sales mix comes at an opportune time as owners are increasingly interested in a backup battery system during times of extreme weather and frequent power outages.This complete supply solution is often much cheaper than a consumer’s electricity bill, while our attractive project financing at 0, 99% and our 25 year warranty provide a very compelling reason to evaluate going solar.
“We estimate growing volumes of up to 3,000 kW per month for our residential vertical and 2,000 kW per month for our commercial vertical over time, providing us with improved margins through our preferred pricing structure. We expect that the new pricing agreement will increase margins and costs.savings that will translate into additional profits for our shareholders.I look forward to adding these Tier 1 products to our growing portfolio of companies in the future. national scale,” concluded Massey.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, California, is the world’s leading provider of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save and sell. their own energy and control it. all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and built all-in-one solar, battery and software solutions. Enphase has shipped over 39 million microinverters and over 1.7 million Enphase-based systems have been deployed in over 130 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC) is an integrated solar energy, rooftop installation and electric vehicle charging company specializing in commercial and residential properties across the United States. The company serves communities by providing the best experience through constant innovation and legacy-driven leadership. The company’s wide range of solutions includes the sale and installation of solar power systems, battery backup and electric vehicle (EV) charging stations for roofing, HVAC and contracting work electrical related. For more information, please visit the Company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995, with respect to potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release relates. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in these forward-looking statements. Although these statements are based on the best judgments of company management as of the date of this release, material deviations in magnitude, timing and other factors may result from business risks and uncertainties, including including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, availability of outside capital, revenue collection and other factors, many of which are beyond the company’s control. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release should not be considered a general solicitation.
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