Solar Integrated Roofing Corp. Introduces Innovative Low Income Solar Financing Product to Non-Profit Commercial Entities

Rhea-AI Summary

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has launched an innovative solar financing product aimed at non-profit entities, developed in partnership with Renewable Energy Products Manufacturing (REPM). This low-income, no credit score financing only requires proof of timely electricity bill payments for the past six months. The joint venture allows SIRC to focus on solar system installations while REPM handles financing. This initiative could lead to the installation of solar systems for up to 100 non-profits in 2022, supporting organizations focused on climate change, homelessness, and education.

Positive

• Launch of low-income, no credit score solar financing for non-profits, increasing potential market share.
• Ability to install solar systems for 100 non-profits in 2022, enhancing revenue opportunities.
• Partnership with REPM provides a competitive edge in the non-profit financing sector.

Negative

• None.

Introduction of Innovative Financing Product to Non-Profit Sector through Partnership with REPM Unlocks New Commercial Scale Opportunities in Sector with Minimal Competition

HENDERSON, NV / ACCESSWIRE / July 19, 2022 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the introduction of an innovative new solar financing product to non-profit entities. The low income, no credit score solar financing product - funded through a joint venture with Renewable Energy Products Manufacturing ("REPM") - unlocks new commercial scale solar opportunities for SIRC in a sector with minimal competition due to historical financing difficulties.

The financing product, exclusively available to non-profits through installers within the SIRC family of companies, only requires an organization to prove that they have paid their last six months of electricity bills. REPM retains ownership and offers financing for the system through its fund, allowing the SIRC family of companies to remain focused on the efficient sale and installation of these commercial scale solar projects.

"This exciting new financing agreement allows nonprofits to quickly meet their sustainability goals and lower power costs with no upfront expense," said David Massey, CEO of Solar Integrated Roofing Corp. "Our solar solutions protect non-profit customers against the risk of rising energy prices, all while avoiding the historical issues that non-profits have had with securing financing. We have already seen immense interest, securing approvals to install solar for eight non-profits with the potential to install 100 more in 2022 alone.

We are proud to begin offering solar to a variety of public benefit nonprofits around the country, allowing them to focus on their causes ranging from climate change to homelessness and education. We look forward to offering these incredible organizations the opportunity to add solar to their operations without the typical upfront costs of installation, or burdensome credit and income requirements. This partnership with REPM represents another exciting alternative for our non-profit customers and positions SIRC to dominate this niche," concluded Massey.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. 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 such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

SOURCE: Solar Integrated Roof Corp.

View source version on accesswire.com:
https://www.accesswire.com/708969/Solar-Integrated-Roofing-Corp-Introduces-Innovative-Low-Income-Solar-Financing-Product-to-Non-Profit-Commercial-Entities

FAQ

What is the new financing product introduced by SIRC for non-profits?

SIRC's new financing product allows non-profits to secure solar installations with no upfront costs and minimal credit requirements.

How does SIRC's financing product benefit non-profit organizations?

It helps non-profits achieve sustainability goals and reduce energy costs without upfront expenses.

How many non-profits does SIRC plan to assist with solar installations in 2022?

SIRC aims to assist up to 100 non-profits with solar installations in 2022.

What are the eligibility requirements for SIRC's solar financing product?

Non-profits need to prove payment of their last six months of electricity bills to qualify.

Who is the partner in SIRC's new financing initiative?

SIRC partnered with Renewable Energy Products Manufacturing (REPM) to offer this financing solution.