All you need to do is open your electric bill… look at your heating costs… or watch your local news station. A new type of energy crisis is sweeping the nation – one that affects every one of our homes… and our bank accounts.
Find out how SolarBank Corporation (CSE:SUNN)(CSE:SUNN) – an established company with a proven track record of success that has earned the trust of Fortune 100 companies like Honeywell International – is poised to tackle the new home energy crisis… and provide an attractive investment opportunity
Disseminated on behalf of SolarBank Corporation (CSE:SUNN). Please refer to “Important Notice and Disclaimer” at the end of this document for important additional information and risk factors.
Energy costs are soaring… Fuel supplies are tightening…
And many American families are questioning whether they’ll be able to afford heating their homes this winter… or even power them.
In fact, Bloomberg recently reported:
“U.S. power prices rose at their highest rates in 41 years… with electricity bills for U.S. consumers recording their biggest jump since 1981.” 1
But the Worst is Still to Come…
The U.S. Energy Information Administration (EIA) predicts consumers can expect to pay up to 28% more to heat their homes this winter.2 That’s on top of record residential electricity prices Americans are already paying: a whopping 14.8 cents per kilowatt hour today…3 almost double what it was 20 years ago.
Mark Wolfe, executive director of the National Energy Assistance Directors Association admits:
“These are very high prices and will not be affordable for many households.” 4
Enter SolarBank Corporation (CSE:SUNN)(CSE:SUNN) with a unique solution to soaring energy costs – one that’s already being delivered to thousands of homes across North America… and sought after by some of the world’s most valuablele companies.
In fact, it could potentially help answer one of the biggest problems affecting American households today.
More than 20 million American households have already fallen behind on their utility bills.5 That means almost 1 in every 6 homes is at risk of having their power shut off.
Believe it or not, we’re looking at a “home energy crisis” the likes of which we’ve never seen.
But as we’re about to explain, the company that’s able to help put out this inflationary fire could provide…
An Attractive Investment Opportunity
SolarBank is a growing independent power producer tapping one of the few major energy sources that’s actually declined in cost…by a whopping 85%… since 2010.6
And that’s why you should pay close attendion to SolarBank Corporation (CSE:SUNN)(CSE:SUNN).
It’s already developed dozens of behind-the-meter solar power plants (which generate enough energy that could rank the company as one of the top 20 solar developers in the nation).
And it’s trusted by Fortune 100 companies like Honeywell International (HON:NYSE) and Panasonic, who work with SolarBank to lower their energy costs and reduce their carbon footprint – another booming market worth tens of billions of dollars7,8 (as you’ll soon see).
But that’s not all…
SolarBank is also pioneering a new wave of “community solar gardens” – a concept that utilizes nearby vacant land to provide low-cost energy to neighborhoods around the nation.
With inflation ripping through the economy, and utility bills set to hit unprecedented levels, community solar gardens could be the key to cutting energy costs.
In fact, they have the potential to transform the entire residential energy market as we know it – triggering a switch away from large-scale, regional power plants to small, localized power production. SolarBank is helping lead the charge with goals of developing solar gardens across the entire United States in the coming years.
A Future Market Size Estimated at $607 Billion
If you’re looking to invest into an industry with tremendous upside and long-term growth potential, look no further.
Solar companies could represent one of the biggest investment opportunities we see in the next ten years.
Here’s why…
- In the last decade, the U.S. solar market grew by a whopping 42% annually…9
- It’s expected to increase another 27% this year alone…
- And by 2032, renowned research firm Wood Mackenzie expects the industry to triple… again.10
This rampant growth is being driven by a dramatic reduction in solar costs:
- The average cost of solar (PV) panels has dropped almost 70% since 2014.
- The cost of electricity from concentrated solar radiation (CSP) has fallen by over 50% in the last decade.11
- And, according to the International Renewable Energy Agency (IRENA), the global weighted-average levelized cost of electricity for newly commissioned utility-scale solar photovoltaic (PV) projects fell by 85% between 2010 and 2020, from $0.381/kWh to $0.057/kWh (or even $0.025/kWh in some locations).12
Guggenheim Security analysts report that solar is now 33% cheaper than gas power in the U.S…. making solar not only the smart, cost-effective solution for utility companies, but an opportunity that investors should seriously consider.
We’re talking about a rapidly growing multi-billion-dollar market for solar energy systems.
In fact, Vision Research Reports estimate:
But even that number could be too low…
“The total solar energy systems market could be worth a staggering $607 billion within the eight years” 13
But even that number could be too low…
America’s Energy Future Isn’t In The Ground… It’s In The Sky
The U.S. government recently passed a blockbuster bill dedicating a whopping $369 billion to the development of clean energy.
Called the Inflation Reduction Act, it represents the U.S. government’s largest federal investment in clean energy to date – and could supercharge demand in an already red-hot solar market.
Indeed, a report from the Solar Energy Industries Association and Wood Mackenzie found that solar developers now expect to install 40% more solar capacity over the next five years as a direct result of the Inflation Reduction Act! 14
In addition to this record-setting investment in clean energy… the IRA also extends the solar investment tax credit (ITC) for another 10 years. For some, the 30% credit could be as high as 50% – representing significant cost-savings for purchasers and market certainty for developers.
It’s a boon to homeowners who already saw the average cost of a residential solar energy system decrease by a whopping 55% – from $40,000 to $18,000 – between 2010 to 2018.15
But even for the 44 million households in America that rent, the Inflation Reduction Act (IRA) is poised to assist.
“The incentives in the IRA are like pouring gasoline on a fire”
Pol Lezcano, BloombergNEF on how the IRA will affect an already booming solar market.
Community solar gardens are smaller-scale projects that are installed either on vacant land, or commercial rooftops. They generate electricity and feed into the local power grid.
Depending on the size of the garden or the number of panels, dozens or even hundreds of renters or local community members can subscribe and save money from the electricity that is generated by the project.
These gardens could become a big part of the future of energy in America. Twenty-two states and Washington D.C. have implemented policies that support community solar gardens. While projects are active in 39 states, Washington D.C. and Puerto Rico.16
SolarBank expects this to be a major growth opportunity and is establishing itself as a leader in this space. The company has already developed projects in New York – which serve more than 4,000 community solar subscribers – with plans for more in the coming years.
SolarBank (CSE:SUNN)(CSE:SUNN) Could Be Positioned For Major Growth
In addition to community solar gardens, SolarBank generates revenues from building behind-the-meter projects (such as rooftop installations on large warehouses), developing utility-scale solar projects, and engaging in corporate power purchase agreements.
But SolarBank’s competitive advantage lies in the fact that it provides start-to-finish solar project management for its customers. From site selection to project financing to construction and asset management – SolarBank successfully and efficiently does it all, start to finish.
This expertise enables the company to maximize revenues and potentially generate more profit on every project. It creates a competitive advantage over other companies that are only able to provide certain aspects of a solar project like panel installation.
It’s also a big reason why Fortune 100 company Honeywell International (HON:NASD) is working with SolarBank. Honeywell has already signed agreements with SolarBank to complete two projects, and engaged it to develop several solar projects.
But Honeywell could just be the start…
As we alluded to earlier, Corporate America is looking to become carbon neutral. And this unlocks another opportunity for SolarBank…
Why Corporate America Is Going Green
In September 2019, over 1,500 Amazon employees threatened to walk out of work demanding the company reduce their environmental footprint. The strike, along with increasing consumer pressure, led Amazon CEO, Jeff Bezos, to pledge that Amazon will become carbon neutral by 2040.
A couple months later, over 2,000 Google employees signed a petition urging the company to meet several sustainability demands, including a commitment to having zero carbon emissions by 2030.17 Google succumbed to the mounting pressure and subsequently adopted a 2030 net-zero goal, making it one of Big Tech’s most aggressive sustainability plans.18
Similarly, Apple has set a goal of net-zero for its supply chain by 2030 AND wants to make all its products carbon neutral by the same date!19
That’s three of the world’s largest companies making significant commitments to clean energy. In fact…
Companies Are Throwing Billions Into The Renewable Energy Market
Google is using solar panels to help power its data centers and offices across the globe… and has made a $3.5 billion investment through power purchase agreements, contracting to procure at least 3,000 megawatts of power across 26 solar projects.20
Amazon has 379 renewable energy projects, including 225 rooftop solar projects…21 and has become the largest corporate buyer of clean energy… in the world!22
Over the past three years, Amazon has purchased a whopping 15.7 gigawatts of solar and wind energy – 5 times the amount purchased by Google!
And it’s not just the tech companies investing in clean energy. Some of the world’s largest oil and gas companies are also investing in renewable energy.
BP is working towards a 2050 net zero goal. In June 2022, it purchased a massive 40.5% stake in the Asian Renewable Energy Hub.
And ExxonMobil recently announced plans to invest more than $15 billion over the next 6 years on lower greenhouse gas emissions initiatives.22
The drive towards clean, renewable energy is clear.
Even the U.S. Securities and Exchange Commission (SEC) is supporting the clean energy movement.
It’s proposing Environmental, Social, and Governance (ESG) disclosure rules, which could require companies to report on climate-related matters in their registration statements and annual reports. If adopted, the proposal would pivot climate reporting from being largely voluntary to being standardized, reliable, and consistent for all publicly listed companies.
That means a corporation’s environmental footprint could be printed next to the company’s bottom line… making their renewable energy investment even more critical.
“Right now, demand for solar energy is at a fever pitch, the highest it's ever been”
Michelle Davis, principal analyst at Wood Mackenzie
As you can see, the demand for solar energy has never been greater.
The U.S. government is making its largest investment in clean energy ever… corporations are committing large amounts of money to go green… and solar could be the key to solving a home energy crisis plaguing America.
With so much bullish action, it should come as no surprise that…
Solar Stocks Are An Attractive Investment
Even as major markets flatline and crypto crashes, stocks of solar companies are performing well.
Investors.com reports:
Enphase Energy (ENPH) stock is up 37%…
Shoals Technology (SHLS) has climbed 46%…
Array Technologies (ARRY) increased by 147%…
And First Solar (FSLR) stock has DOUBLED!24
Investor’s Business Daily says, “Solar stocks have a bright outlook, thanks to new law”.25
And they’re not alone thinking the solar market is heating up…
Investment banks like Goldman Sachs and Bank of America also expect solar stocks to continue generating big gains for investors.
CNBC reports:
“Bank of America believes this solar stock [First Solar] — already up more than 60% this year — has more room to run” 26
Investing.com says:
“Goldman Sachs Sees Potential for Another 50% Rally in Solar Stocks…” 27
Meanwhile, Michelle Davis, principal analyst at Wood Mackenzie, says, “this is the first time the industry has a 10-year certainty.” 28
Experts believe we are in the early innings of a major bull-run in solar. And SolarBank could offer you an opportunity to invest in the industry.
Consider investing in SolarBank (CSE:SUNN)(CSE:SUNN).
The Top 5 Reasons to Consider Investing in SolarBank Corporation:
- Renewable Energy is One Solution to America’s Energy Crisis – SolarBank Corporation is poised to help solve America’s soaring energy cost crisis, pioneering a new wave of community solar gardens and helping corporations meet their clean energy goals. Solar is one of the few major energy sources that’s actually declined in cost (85% since 2010), and is now cheaper than gas power (by 33%) – making it the smart, cost-effective solution to skyrocketing utility bills
- A Large Market – The solar energy market is expected to more than triple its current size by 2032 and could exceed $607 billion in the next eight years. SolarBank Corporation is aiming to capture a share of this market.
- The Inflation Reduction Act is Supercharging The Industry – America has made its largest federal investment in clean energy… ever! The Government has set aside $369 billion for clean energy. The individual, corporate, and state & local government incentives have never been greater to invest in solar.
- Corporate America is Going Green – Corporate demand for solar is booming. Pressure is mounting for Corporate America to “go green”, and many companies have made commitments to be net-zero in the coming years.
- Solar Stocks Have Been Performing – The time to consider investing in solar energy is now.
With the goal of becoming carbon neutral being part of a global initiative, you could expect SolarBank to stay in the news for years to come.
That’s why now could be a good time to consider an investment in its shares.
That means you should consider calling your broker or advisor and showing him or her this report. Then discuss the new opportunity in solar and, in particular, SolarBank (CSE:SUNN)(CSE:SUNN).
1.https://www.bloomberg.com/news/articles/2022-09-13/us-electricity-prices-rise-most-in-41-years-as-inflation-endures 2.https://www.reuters.com/world/us/us-home-heating-bills-expected-surge-this-winter-eia-2022-10-12 3.https://www.bloomberg.com/news/articles/2022-09-13/us-electricity-prices-rise-most-in-41-years-as-inflation-endures 4.https://www.utilitydive.com/news/retail-electricity-prices-continue-rapid-rise-utility-debt-growing/631496/ 5.https://www.usatoday.com/story/money/2022/08/24/20-million-americans-are-behind-on-their-utility-bills/7884197001/?gnt-cfr=1 6.https://www.powermag.com/the-solar-and-wind-power-cost-value-conundrum/ 7.https://corporate.exxonmobil.com/news/newsroom/news-releases/2021/1109_why-we-are-investing-15-billion-in-a-lower-carbon-future 8.https://www.environmentalleader.com/2022/05/google-has-invested-3-5-billion-in-renewable-energy-projects-worldwide/#:~:text=Indeed%2C%20power%20purchase%20agreements%2C%20or,That’s%20a%20%243.5%20billion%20investment. 9.https://www.mordorintelligence.com/industry-reports/united-states-solar-energy-market 10.https://www.seia.org/sites/default/files/2022-03/USSMI%20-%202021%20YIR%20ES.pdf 11.https://www.energy.gov/eere/solar/solar-energy-united-states 12.https://www.powermag.com/the-solar-and-wind-power-cost-value-conundrum/ 13.https://www.visionresearchreports.com/solar-energy-systems-market/39509 14.https://time.com/6213666/amazon-renewable-energy/ 15.https://www.energy.gov/eere/articles/top-reasons-solar-energy 16.https://www.energy.gov/communitysolar/states-collaborative 17.https://medium.com/@googworkersac/ruth-porat-497bbb841b52 18.https://fortune.com/2022/09/12/google-has-one-of-big-techs-most-aggressive-sustainability-plans-heres-its-3-step-playbook-for-helping-the-planet/ 19.https://www.protocol.com/newsletters/climate/apple-supply-chain-clean-energy?rebelltitem=1#rebelltitem1 20.https://www.environmentalleader.com/2022/05/google-has-invested-3-5-billion-in-renewable-energy-projects-worldwide/#:~:text=Indeed%2C%20power%20purchase%20agreements%2C%20or,That’s%20a%20%243.5%20billion%20investment. 21.https://www.aboutamazon.com/news/sustainability/amazon-expands-its-renewable-energy-projects-with-firsts-in-brazil-india-and-poland 22.https://www.aboutamazon.com/news/sustainability/amazon-extends-position-as-worlds-largest-corporate-buyer-of-renewable-energy 23.https://corporate.exxonmobil.com/news/newsroom/news-releases/2021/1109_why-we-are-investing-15-billion-in-a-lower-carbon-future 24.https://www.investors.com/news/technology/solar-stocks-find-sure-footing/?src=A00220 25.https://www.investors.com/news/technology/solar-stocks-find-sure-footing/?src=A00220 26.https://www.cnbc.com/2022/10/31/bank-of-america-believes-this-outperforming-solar-stock-has-further-to-run.html 27.https://www.investing.com/news/stock-market-news/goldman-sachs-sees-potential-for-another-50-rally-in-solar-stocks-after-ira-432SI-2888387 28.https://www.investors.com/news/technology/solar-stocks-find-sure-footing/
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This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding SolarBank Corporation future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to SolarBank Corporation industry; (b) market opportunity; (c) SolarBank Corporation business plans and strategies; (d) services that SolarBank Corporation intends to offer; (e) SolarBank Corporation milestone projections and targets; (f) SolarBank Corporation expectations regarding receipt of approval for regulatory applications; (g) SolarBank Corporation intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) SolarBank Corporation expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute SolarBank Corporation business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) SolarBank Corporation ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) SolarBank Corporation ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) SolarBank Corporation ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of SolarBank Corporation to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) SolarBank Corporation operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact SolarBank Corporation business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing SolarBank Corporation business operations (e) SolarBank Corporation may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.
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