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Solar Integrated Roofing Corp. Announces New Pricing Agreement with Tier-1 Solar Suppliers to Enhance National Margin Profile
Solar Integrated Roofing Corp. Announces New Pricing Agreement with Tier-1 Solar Suppliers to Enhance National Margin Profile.
About this update from Solar Integrated Roofing Corporation
[{"type":"text","content":"SIRC Family of Companies to Offer Enphase's Energy System, Including Backup Batteries and Microinverters, Spanning its 250+ Sales Teams Across 40 StatesNew Pricing Agreement with Enphase and Tier-1 Solar Panel Supplier to Reduce Hardware Costs on Solar Installations by Over 25%EL CAJON, CA / ACCESSWIRE / March 3, 2022 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power, roofing systems installation and EV 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 communications software for residential and commercial solar installations - as well as with a tier-1 global solar panel supplier - through its 250+ sales teams and commercial development firms spanning 40 states.The new pricing agreement with Enphase, paired with new tier-1 solar panel supply agreements, lowers the cost of Solar Integrated Roofing's hardware costs for solar kits from CED Greentech by over 25% from an estimated $1.15 to $0.85 per watt. This bulk pricing agreement provides a significant margin opportunity even after engineering and installation costs, when sold at a target $4.00+ per watt price to residential customers.Founded in 2006, Enphase transformed the solar industry with its revolutionary microinverter technology. The Enphase Energy System brings solar, batteries, and monitoring software together in one complete package and enables people to make, use, save, sell, and own their power. The company has installed more than 39 million microinverters on more than 1.7 million homes in over 130 countries, helping millions of people gain access to clean, affordable, and reliable energy while creating good jobs and a more carbon-free future for everyone.Customers of the SIRC family of companies will benefit from Enphase's 3R rated IQ Batteries that are designed to work with grid-tied solar panel systems to provide homeowners with access to reliable backup power and is an all-in-one AC-coupled storage system that is reliable, smart, simple and safe. The IQ8 is Enphase's smartest microinverter yet and fundamentally changes the paradigm for solar technology, which otherwise requires a grid connection to operate. With IQ8, homeowners can now form a microgrid during a power outage using sunlight, providin...