SOURCE: Solar Integrated Roofing Corp.

October 31, 2017 10:00 ET

Solar Integrated Roofing Corporation CEO Comments on California and U.S. Solar Market

POWAY, CA--(Marketwired - Oct 31, 2017) - Solar Integrated Roofing Corporation (OTC PINK: SIRC) CEO Dave Massey commented on recent data for the California and U.S. Solar Market.

"California is the largest market for residential photovoltaic solar installations," said Massey. "Total installed U.S. solar PV capacity is expected to nearly triple over the next five years. By 2022, over 17 GW of solar PV capacity will be installed annually. With our recent acquisitions and our deal with the large national home improvement chain, SIRC is poised to take advantage of this burgeoning market."

Last year, solar ranked as the No. 1 source of new capacity additions. Building off that momentum, solar accounted for 30% of all new electric generating capacity installed in the U.S. in Q1 2017, ranking as the second-largest driver of capacity additions across all fuel types.

"In California, PG&E and SDGE utility companies have petitioned for rate increases," added Massey. "Solar has never made more sense than right now."

About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.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 information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

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