Solar Stock Deal News – Solar Integrated Roofing (OTC: $SIRC) Subsidiary Partners with Sunnova Energy (NYSE: $NOVA)
EL CAJON, CA – Oct. 1, 2021 (Investorideas.com Newswire) Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single installer solar and roofing systems company, today announced that the company’s subsidiary USA Solar Networks, LLC has entered into a nationwide partnership with Sunnova Energy International Inc. (NYSE: NOVA) to offer financing services through its national dealer and contractor network.
Founded in 2012, Sunnova is one of the nation’s leading private solar lenders – offering homeowners in 32 states nationwide loans, leasing and PPA options, with rates as low as 0.99%. The company, valued at more than $3.8 billion dollars, has helped more than 160,000 homeowners experience the benefits of solar energy.
Under the partnership agreement, USA Solar Networks will add Sunnova’s comprehensive line of financing programs to its National Dealer and Contractor Network, giving dealers the ability to offer loans, leasing and PPA options to their customers. Through the partnership, USA Solar Networks has now expanded to more than 40 states nationwide and serves more than 100 solar sales organizations nationwide. The company believes this could significantly improve sales opportunities, generating thousands of projects annually, generating millions of dollars in incremental revenue.
“Combining Sunnova’s innovative financing options with our strong ‘service first’ culture, we are quickly becoming the leading provider of solar energy in many parts of the country,” said Pablo Diaz, CEO of USA Solar Networks. “Leasing opportunities were a missing part of our sales program – we are truly privileged to offer this in partnership with a tier-1 provider such as Sunnova, significantly expanding our revenue potential and growing our potential customer base by an estimated 30% or more. I look forward to working closely with the Sunnova team to further their goal of bringing the benefits of solar energy to every homeowner in the country.
About Sunnova Energy International Inc.
Sunnova Energy International Inc. (NYSE: NOVA) is a leading provider of solar and residential energy storage with customers in the US and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to promote energy independence so that homeowners have the freedom to live uninterrupted lives. For more information, visit www.sunnova.com.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar and rooftop installation platform specializing in commercial and residential real estate in the United States. The company serves communities by delivering the best experience through constant innovation and legacy-focused leadership. The company’s wide range of solutions spans the sale and installation of solar energy systems, backup batteries and charging stations for electric vehicles (EVs) to roofing, HVAC and related electrical installation work. For more information, visit the company’s website at: www.solarintegratedroofing.com.
Any statements 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, in reference to potential developments affecting the business, prospects, financial condition and other aspects of the business to which this release relates. Actual results of the specific items described in this press release, and the Company’s operations in general, may differ materially from those projected in such forward-looking statements. While such statements are based on the best judgment of the company’s management as of the date of this press release, significant differences in size, timing and other factors could arise from business risks and uncertainties, including, but not limited to, reliance on the business of third parties, general market and economic conditions, technical factors, the availability of outside capital, receipts of income and other factors, many of which are beyond the company’s control. The company disclaims any obligation to update the information in any forward-looking statement. This press release should not be regarded as a general request.
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