Solar Powered KB Homes Arrive In Arizona

KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced that homebuyers at all of its communities in Arizona now have the opportunity to own a solar-powered KB home. Combined with the energy-efficient features already included in all ENERGY STAR® certified new KB homes, solar power will help KB homeowners reduce their monthly energy bills by as much as 80% when compared to a typical resale home, and lower their overall cost of homeownership for years to come.

Today’s announcement advances KB Home’s commitment to building increasingly efficient homes and provides more homebuyers than ever the option to enjoy the environmental and financial benefits of solar. Solar power is already available at select KB Home communities in California, Colorado, Nevada and Texas, and KB Home estimates that the more than 2,200 solar KB homes built to date collectively help save their owners more than $1.5 million each year on electricity bills and offset the annual greenhouse gas emissions from over 1,200 passenger vehicles.

“KB Home’s long history of environmental leadership has already helped its customers save millions of dollars on energy costs, and the entire Arizona team is proud to continue that tradition of innovation by offering solar to our buyers right here in America’s sunniest state,” said Shawn Chlarson, president of KB Home’s Arizona division.

KB Home estimates that at current residential electrical rates, a 3-kilowatt high-efficiency photovoltaic system provided by SunPower (NASDAQ: SPWR) and installed on a 2,768 square foot ENERGY STAR certified home at its Alcantara Villas community in Phoenix would yield average energy savings of $216 per month, or approximately $25,000 over ten years, compared to a typical resale home without these features. Additionally, home shoppers who choose to incorporate solar in their home may also qualify for a 30% federal tax credit and $1,000 from the state of Arizona.

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