Cherubim Interests Inc (CHIT)

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Cherubim Interests, Inc. Enters Solar Energy Market
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Dallas, Texas Apr 22, 2021 (Issuewire.com) - Cherubim Interests, Inc. (OTC: CHIT) (“the Company”), a diversified holding company, announces that it has signed a Rep Agreement with Stingray Energy through its subsidiary CI Solar. CI Solar will be a project supplier to Stingray Energy.

Stingray Energy is a vertically integrated renewable energy firm utilizing an investment and data analytics approach assisting agriculture and commercial businesses in the transition to solar and backup power generation. Along with installation servicing Stingray dives deep into the client’s energy production, financials, and architectural infrastructure to design systems that exceed consumer expectations. Further services include cost modeling, tax credit financing, and utility tariff negotiations.

Solar is on track to make up the largest share of new capacity additions in Texas between 2020 and 2022. Almost 50% of the additions during this time period will be solar, surpassing wind (35%) and natural gas (13%) additions, according to the Energy Department’s Energy Information Administration (EIA).

The EIA said that the installation of 2.5 GW of solar capacity in 2020 marked the beginning of the Texas solar boom. The state is expected to add another 4.6 GW of solar capacity this year and 5.4 GW in 2022, which will bring the total installed solar capacity in Texas to 14.9 GW.

Utility-scale solar projects that start construction in 2021 or 2022 are eligible for a 26% tax credit. The tax credit drops to 22% for projects that start in 2023 and 10% for projects that start in 2024 or later.

Other factors driving solar investment in Texas include lower solar technology costs and plentiful sunlight, particularly in West Texas’s Permian Basin, where about 30% of the state’s planned solar capacity will be built.

Last year, more than 400,000 rooftop systems were installed, and that number is expected to continue to rise through the end of the decade. After witnessing the recent Texas/California grid issues, Americans’ demand for at-home energy resilience will almost certainly increase.

However, business models are evolving, and new construction mandates are taking shape across the nation.

“We are excited to enter into a market with generous upside potential, along with the ability to augment our existing construction and cannabis industry profile.” Said CHIT CEO Patrick Johnson.

About Stingray Energy

Stingray Energy has partnered with the top leaders and innovators in the Solar, Backup Power, and Installation industry in an effort to provide unparalleled service and affordability. Further backed by over 20 years of residential and commercial solar installation experience clients can rest assured that their decision to go solar will be met with the utmost integrity and professionalism.

For more information, visit: https://www.stingraynrg.com/



About C.I. Solar

CI Solar is a solar energy company focused on the residential and commercial construction and cannabis sectors.

For more information, visit: http://www.cisolar.net/



About Cherubim Interests Inc.

Cherubim Interests Inc. is a diversified holding company that focuses on acquiring assets in Alternative Energy, Traditional Energy, Real Estate, and Construction Sectors. The company was founded in 2006.

For more information, visit: http://www.cherubiminterests.net/