Solar Integrated Roofing Establishes Strategic Partnerships to Expand Deeper into California’s $1B New Home Market
Company Forms Strategic Partnerships With San Diego County Builders; Maintains pipeline of 500 roof and solar systems in new housing developments
EL CAJON, CA / ACCESSWIRE / November 24, 2020 / Solar Integrated Roofing Corp. (OTCPINK: SIRC), an integrated solar energy and rooftop installation company, announced today that it has partnered with several San Diego county developers to expand its addressable opportunity into the new home market, the first entry into the San Diego County Company engaged in the maintenance of large, new housing developments.
Now that state regulations mandate the incorporation of solar energy into the roof of every new home in the state of California, new housing developments offer not only a significant roof installation option, but also a mandatory minimum solar installation option. The company expects any new home to be roofed, and the minimal solar panels required will generate sales of at least $ 13,000.
Solar Integrated Roofing has partnered with several small and medium-sized construction companies in San Diego County to expand into this new market. The company has already secured around 500 new houses in its project pipeline. This will give Solar Integrated Roofing an estimated $ 6.5 million in revenue from that first batch of homes.
According to the San Diego Tribune, California’s new home market has an average of 80,000 new homes a year. As mentioned earlier, the need for solar integration for every new home will help reduce the current blackouts and blackouts in California that result from the current limited energy supply.
“We are pleased to announce our strategic partnership with local builders to enter the new home development market. This provides a significant opportunity to take advantage of the full range of our services,” said David Massey, CEO of Solar Integrated Roofing Corporation. “In addition to the rooftop and solar income from each new housing estate, we offer the opportunity to sell additional solar or battery storage solutions to the end buyer, creating an exciting new sales pipeline for our growing team. I look forward to continued growth through 2021 and beyond as we work to create value for our shareholders. “
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTCPINK: SIRC) is a one-stop, integrated solar and roof installation company specializing in commercial and residential real estate in the Southern California market. For more information, please visit the company’s website at www.solarintegratedroofingcorp.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements. As such a term is defined in the Private Security Litigation Reform Act of 1995, which addresses potential developments that have an impact on the business, prospects, financial condition and other aspects of the company to which this news release relates. Actual results on the specific items described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the company’s best management as of the date of this publication, material differences in size, timing, and other factors could result from business risks and uncertainties, including, without limitation, the company’s reliance on third parties, general market and uncertainties economic conditions, technical factors, availability of debt, receipt of income, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in forward-looking statements. This press release is not intended as a general solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Senior Vice President
MZ North America
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