This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

KB Home And SunPower Celebrate 1,000th Solar Home And Nearly $1 Million In Estimated Annual Savings For Homeowners

KB Home (NYSE: KBH) and SunPower Corp. (NASDAQ:SPWR) came together today for a special event in Lancaster, Calif. In a little over a year and a half, KB Home has built more than 1,000 new homes powered by SunPower’s high efficiency solar power systems. More than 200 of these homes are in Lancaster, a city focused on advancing the use of solar power.

During an event at KB Home’s Dorado Skies community, KB Home and SunPower surprised new homeowners Joe and Brittaney Ellison with a free upgrade to their standard-size solar power system. Dorado Skies is one of KB Home’s newest communities in Southern California where SunPower solar systems are included as a standard feature of every home built. KB Home estimates that the standard 1.8-kilowatt (kW) system provides up to 40 percent in energy cost savings per year when compared to a typical resale home. The Ellisons’ home was built with a 3.2 kW system, which means they could enjoy up to 80 percent in energy cost savings per year, according to the homebuilder.

“Completing our 1,000 th solar powered home is an important milestone for KB Home. Less than two years ago, we made building solar powered homes a priority because of the value they provide to our homeowners in terms of energy and cost savings,” said Jeffrey Mezger, president and chief executive officer of KB Home. “Now, thanks to our relationship with SunPower and with our commitment to energy efficiency and lowering the total costs of homeownership, at nearly 40 KB Home communities in Southern California we have completed, or are offering, homes with solar power systems included as a standard feature.”

KB Home’s commitment to solar extends beyond California, with additional communities in Texas and Colorado where SunPower systems are offered as an option. In total, KB homeowners of these 1,000 homes are expected to save nearly $1 million annually on their electricity costs as a result of their solar power systems. According to estimates provided by the U.S. Environmental Protection Agency, the systems installed at KB Home communities offset the production of more than 3,700 tons of carbon dioxide per year, which is equivalent to removing 703 passenger vehicles from the road annually.

“SunPower is proud to achieve this significant milestone in partnership with KB Home, allowing 1,000 families in KB Home communities to significantly reduce electricity costs through the use of emission-free solar power,” said Howard Wenger, SunPower president, regions. “The guaranteed performance of high efficiency SunPower technology, which generates more electricity per square meter than any other photovoltaic product on the market, will ensure the systems reliably generate clean power and reduce energy bills over the long term.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs