Sigora Home

8 9 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 S IGORA HOME issues. What we have seen though, is pretty significant cost increases on materials as a result of the raw goods, silicone is probably the most dramatic but certainly aluminum and steel, and then, of course, shipping costs are dramatically increased as a result of fuel prices and labor shortages.” he elaborates. Sigora Home is strictly focused on residential energy solutions and recently moved to offer wrap-around services that include roof installations, and Landry says, “We work closely with municipal utilities, we kind of have to, obviously, for interconnection purposes. The application process and all of that of course we handle for the homeowners.” At one point the federal government stopped offering incentives for homeowners to make the move to solar, but Landry said Sigora didn’t see a large reduction in business, and now that the government is offering 30 percent and sometimes higher rebates business is booming, “For us, it’s been great in every market that we serve, even with the very temporary sunsetting of the federal tax credit2, the ITC really, this business for us and for most of the industry that I know didn’t slow. I think overall you had probably more disruption on the CNI utility scale but on the residential front, business continued to boom,” Landry outlines. “Now, maybe growth rates were less, but the growth rates were still stronger than I presume in most industries. now since the IRA has passed and the tax credits are renewed to 30 percent and locked in for 10 years in some cases even more than 30 percent if you meet certain requirements, live in low to moderate-income households, and use American-made products in the system. There are ways to even go beyond that 30 percent tax credit and then that coupled with all the energy efficiency components, the industry is going to do pretty massive growth continuing forward for sure,” he determines.