Solar Advocates Seen Pushing “Too Fast” For Solar And Other Renewable Energy Solutions Vs. Coal, New Mexico Utility Finds, And May ‘Derail” Path To Carbon-Free; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Long-Term Promise Of Solar

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Solar Advocates Seen Pushing “Too Fast” For Solar And Other Renewable Energy Solutions Vs. Coal, New Mexico Utility Finds, And May ‘Derail” Path To Carbon-Free; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Long-Term Promise Of Solar

A New Mexico utility is having a hard time transitioning to solar from coal, as mandated by the state’s laws. As other energy networks, such as PJM Interconnection on the East Coast cannot handle its overflow of 1,200 solar projects, utility PNM in New Mexico cannot handle its mandated transition from fossil fuel coal to solar fast enough. It may have to in an emergency continue its coal-powered energy through next fall until solar is ready. Tom Fallgren, vp of generation at PNM, tells AP, “This has the opportunity to derail the whole path to carbon free.” The issue only reinforces the belief of Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other Solar Installers that solar and other renewables are here long term.

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Solar Advocates Seen Pushing “Too Fast” For Solar And Other Renewable Energy Solutions Vs. Coal, New Mexico Utility Finds, And May ‘Derail” Path To Carbon-Free; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Long-Term Promise Of Solar

The nation’s largest electricity grid operator in 13 states, PJM Interconnection, has so much solar electricity coming into its hands, it is now asking for a two-year pause because of the logjam of primarily solar projects. Inside Climate News reports PJM has a backup of some 1,200 energy projects — mostly solar.

New Mexico utility PNM has the opposite problem. Because of supply side shipping delays and other legislative entanglements, it can’t find enough solar and other renewable energy to replace the coal-powered energy at the San Juan Generating Station that has delivered electricity for millions of customers for decades in the Southwest.

As a result of high speed requests from renewable energy proponents, the result may be extended use of coal-fired electricity from that plant until solar can kick in.

PNM’s Fallgren tells the AP that some renewable energy advocates are pushing too fast to replace coal and gas, and reliability and cost issues are already arising as utility officials seek to follow state mandates.

And it could get worse.

In 2023 and 2024, PNM’s leases with the Palo Verde nuclear plant in Arizona expire. State regulators are already asking PNM to replace that power with more solar and storage, as well. PNM executives told the AP that it has a commitment to renewables instead of fossil fuels, but it also has a responsibility to balance reliability, cost and environment.

Environmentalists acknowledge that they may have to keep some fossil fuel-powered plants operating through September while the transition to solar and other renewable energy sources is made. PNM reflects the experiences of other utilities that cannot be rushed to make the switch.

To Solar Integrated Roofing Corp. (OTC PINK: SIRC) the issues of PNM and PJM are really positive issues as solar grows. One electrical grid operator is overwhelmed by so many solar projects, while a New Mexico utility cannot transition fast enough to solar to meet the state’s requests for solar power and other renewable energy sources.

These growing pains are short term — to be replaced by the longer term impact of solar power and other renewables. Rooftop solar systems and solar batteries rechargeable installations are the cost business of SIRC. To see unbalanced transition to solar nationwide is a nice immediate problem to experience. Long term, solar and renewable energy is here to stay.

“It’s a kink in the system,” declares Adam Edelsen, a former state auditor in Kentucky who is working to bring solar projects and jobs to ailing coal communities along the East Coast.

Edelsen adds, “There is broad national consensus, in the leadership from the public and the private sector, that we need to hasten the adoption of renewable energy.” PJM’s electrical grid runs from Virginia to northeastern Illinois.

Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state. This is the situation in states such as California — which has 1.3 million solar system households. Central electricity grids cannot handle all the solar powered electricity they receive.

The move within three years to generate 30% of the nation’s electrical capacity — from just 25% today — needs momentum from new funding and technology. This includes incentive awards for new rooftop and small-scale solar projects.

Also, new technology can bring down installation costs.

SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business, which are potential buyers of solar systems, can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now to beat the federal solar tax credit drop from 26% to 22% in 2023.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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