Passing the BBB Bill won’t happen until 2022. And it may sacrifice solar tax credits if it does become law as part of a process of slimming its cost. Solar installers like Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) hope that expanded solar tax credits and grant funds for solar initiatives remain in BBB. Even liberal online sites like Politico acknowledge that the fate of BBB is in the new year.
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Biden’s BBB Bill Won’t Happen Until 2022 And Solar Tax Credit Extensions May Be Reduced Or Cut If A Smaller Bill Becomes Law; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Are Watching Washington DC
President Biden’s BBB bill and its funding for solar — through extended solar tax credits — will be delayed until the 2022 Congressional session. It may still pass, but probably not in its current form. If it passes as a smaller expense bill, solar tax credit extensions and federal funds for solar initiatives may be reduced.
Solar installers like SIRC see the tax credits as vital to selling solar to consumers and business prospects. The tax credits serve as a valuable issue in SIRC and others being able to ‘close’ installation sales. Biden’s BBB Bill Won’t Happen Until 2022 And Solar Tax Credit Extensions May Be Reduced Or Cut If A Smaller Bill Becomes Law; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Are Watching Washington DC
The BBB bill is geared more to ‘social’ infrastructure and includes solar tax credits. Biden’s Infrastructure bill is now law — with its built-in support for EVs and EV Charging Stations important.
SIRC is an applicant for some $100 million in EV Charging Station grants to build and install more units.
Washington insiders recently predicted passage of a downsized BBB bill. Now they are not so sure, as inflation makes BBB a mid-year election issue. If BBB is seen as any factor in higher or longer inflation, Senators may not be as eager to pass it.
Mike Feroli, chief US economist at J P Morgan, says, “Nothing in D.C. is 100% sure. But I think …….