The global solar energy market is projected to reach $223.3 billion by 2026.
The improvement in technology and the policies designed to encourage adoption of clean energy sources have spurred global interest in the industry.
And with the introduction of the federal solar investment tax credit (ITC), which provides a 26% tax credit for systems installed in 2020 – 2022, more homeowners have been encouraged to install solar panels.
Solar energy related stocks have been on a wild ride for the last decade as the industry has gone through a number of advancements and new technologies.
Through its innovative solar product offerings and industry partnerships, Green Stream Holdings Inc. (OTC: GSFI) is well-positioned to become a significant player in the solar space.
Green Stream, a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada.
- The Company’s next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali.
- The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels.
Green Stream announced that Anthony Morali, the Company’s Advisor on Creative Solar Design has completed his Initial Design For 350 thousand foot, 3 Megawatt Roof Mount System for 565 Blossom Road Rochester, NY and that nationally recognized solar engineer, KMB Design Group, will do the feasibility study for the project.
The Company previously contracted with KMB in order to have them conduct solar feasibility studies for three separate locations. This interconnection application is for the 565 Blossom Road Rochester, NY site.
Green Stream stock has done very well in the past, climbing above the $0.25 levels twice over the past few months and this month, it was looking as if shares had started to claw their way back up again.
With a lot of good press lately we may see GSFI keep climbing over the month ahead.