SunPower grows New Homes footprint in eight
states including expanded agreements with Meritage Homes and Toll
Brothers
Builders respond to rising energy bills and
power outages with renewable energy
RICHMOND, Calif., Oct. 31,
2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a
leading residential solar technology and energy services provider,
today announced it signed deals with four new home builders for
solar standard communities across the country, signaling a rising
prioritization of more sustainable, reliable, and affordable energy
in new home building. Now Beazer
Homes, CC Homes, Meritage Homes and Toll Brothers are
pre-installing SunPower Equinox® solar systems in select
communities, making it easier than ever for homeowners to adopt
clean energy. These four deals represent nearly 1,000 solar homes
across eight states.
"Builders are trying to appeal to today's energy-conscious
homebuyer who is concerned about the high cost of powering their
home," said Matt Brost, vice
president of New Homes sales for SunPower. "Forward-thinking
builders who incorporate a renewable infrastructure from day one
can reduce the cost of homeownership, provide a shield against
rising energy bills and positively address climate change. That's
exactly what Beazer Homes, CC Homes,
Meritage Homes and Toll Brothers are doing."
SunPower continues to play a major part in Meritage's solar
offerings across the U.S.
Meritage Homes Corporation (NYSE: MTH), the fifth-largest public
homebuilder in the U.S., has expanded its solar collaboration with
SunPower beyond California to
certain residential communities in Colorado. The builder will soon begin
including solar as a standard feature on single-family homes and
townhomes across the greater Denver area.
"To build on our green mission of delivering energy-efficient
homes, we have been partnering with SunPower to install solar
panels in Meritage communities for many years and are excited to
bring this solution to additional Colorado communities," said Clint Szubinski, chief operating officer of
Meritage Homes.
Toll Brothers expands solar offerings to include all new home
communities in California,
Nevada, New York and Massachusetts
Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of
luxury homes, has expanded its national agreement with SunPower to
include solar on Toll Brothers' homes and communities in four
markets across the nation. In addition to powering all its homes
built in California with SunPower,
Toll Brothers will now offer the technology as an option to its
home buyers in Nevada in the West,
and New York and Massachusetts in the East.
"We are excited to expand our partnership with SunPower to
provide solar technology solutions to our home buyers in Toll
Brothers communities spanning four major markets across the U.S.,"
said Seth Ring, Executive Vice
President of Toll Brothers. "Home buyers in all Toll Brothers
communities in California,
Nevada, New York and Massachusetts will now have the opportunity to
enjoy the benefits of leading solar technology for renewable and
reliable power built into their new luxury homes."
Beazer Homes boosts
residential solar adoption across the Mid-Atlantic
Beazer Homes (NYSE: BZH) plans to
add SunPower solar to 125 homes across Maryland and Delaware including the Chase Oaks development
in Lewes, DE and all future
homes built at Holly Farms in Parkville,
MD. All homes in these communities will be certified by the
U.S. Department of Energy (DOE) as a DOE Zero Energy Ready
HomeTM.
"Our collaboration with SunPower Solar will provide additional
energy cost savings and bring Beazer homeowners one step closer to
realizing net zero energy usage," says Chance Hall, division president for Beazer Homes in Maryland.
Beazer Homes is the first
national homebuilder to publicly commit to ensuring that by the end
of 2025 every home they build will meet the requirements of the DOE
Zero Energy Ready Home program.
CC Homes helps alleviate energy burden in the Sunshine State
with solar
CC Homes, one of the largest private builders in South Florida, is now offering SunPower's
solar systems to all homeowners in their communities who are
interested in electrifying their home and making it more energy
efficient. The collaboration is expected to retrofit hundreds of
households within CC Homes' communities with SunPower's solar
panels, with plans to add solar into future builds from the
onset.
"Adding home solar technology in our communities has been a goal
for some time and SunPower made this advancement an easy decision.
We build a variety of home styles and our clients have various
needs. SunPower's experience working with other homebuilders made
them an excellent fit for our business," said Andres Miyares, President of CC Homes.
SunPower's New Homes business saw record sales in the second
quarter with $108 million in
bookings, 11% growth year-over-year, as more builders turn to solar
to offset the significant home electricity demand. SunPower Equinox
panels are backed by an industry-leading 25-year warranty covering
parts, labor and power production, named "the most reliable panels
of 2023" by Good Housekeeping.
To learn more about how SunPower is changing the way our world
is powered, visit www.sunpower.com.
About SunPower
SunPower (NASDAQ:SPWR) is a leading residential solar, storage
and energy services provider in North
America. SunPower offers solar + storage solutions designed
and warranted by one company that gives customers control over
electricity consumption and resiliency during power outages while
providing cost savings to homeowners. For more information,
visit www.sunpower.com.
About Beazer Homes
Headquartered in Atlanta,
Beazer Homes (NYSE: BZH) is one of
the country's largest homebuilders. Every Beazer home is designed
and built to provide Surprising Performance, giving you more
quality and more comfort from the moment you move in – saving you
money every month. With Beazer's Choice Plans®, you can personalize
your primary living areas – giving you a choice of how you want to
live in the home, at no additional cost. And unlike most national
homebuilders, we empower our customers to shop and compare loan
options. Our Mortgage Choice program gives you the resources to
easily compare multiple loan offers and choose the best lender and
loan offer for you, saving you thousands over the life of your
loan.
We build our homes in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North
Carolina, South Carolina,
Tennessee, Texas, and Virginia. For more information, visit
beazer.com, or check out Beazer on Facebook, Instagram, and
Twitter.
About CC Homes:
Led by veteran developers Armando
Codina and Jim Carr, CC Homes
– a Codina-Carr Company – was founded on the principle of providing
families with high-quality new homes in desirable locations. With
more than 75 years of combined experience in South Florida real estate, Codina and Carr are
responsible for the development of more than 5,000 single-family
homes, over 100 home communities, and nearly 300 real estate
developments. With projects located throughout the state, CC Homes
is one of the largest builder-developers in Florida and is ranked among the Top 50 Luxury
Single-Family Home Builders in the U.S.A. by Builder Magazine.
About Meritage Homes Corporation:
Meritage Homes is the fifth-largest public homebuilder in
the United States, based on homes
closed in 2022. The Company offers energy-efficient and affordable
entry-level and first move-up homes. Operations span across
Arizona, California, Colorado, Texas, Florida, Georgia, North
Carolina, South Carolina
and Tennessee. Meritage Homes has
delivered over 165,000 homes in its 37-year history, and has a
reputation for its distinctive style, quality construction, and
award-winning customer experience. The Company is an industry
leader in energy-efficient homebuilding, a ten-time recipient of
the U.S. Environmental Protection Agency's ("EPA") ENERGY STAR®
Partner of the Year for Sustained Excellence Award since 2013 for
innovation and industry leadership in energy efficient
homebuilding, and the recipient of the EPA's 2022 Market Leader
Award for Certified Homes as well as the EPA's 2022 Indoor airPLUS
Leader Award. For more information, visit
www.meritagehomes.com.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation's
leading builder of luxury homes. The Company was founded 56 years
ago in 1967 and became a public company in 1986. Its common stock
is listed on the New York Stock Exchange under the symbol "TOL."
The Company serves first-time, move-up, empty-nester, active-adult,
and second-home buyers, as well as urban and suburban renters. Toll
Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New
Jersey, New York,
North Carolina, Oregon, Pennsylvania, South
Carolina, Tennessee,
Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its
own architectural, engineering, mortgage, title, land development,
smart home technology, and landscape subsidiaries. The Company also
develops master-planned and golf course communities as well as
operates its own lumber distribution, house component assembly, and
manufacturing operations.
Toll Brothers was named the #1 Home Builder in Fortune
magazine's 2023 survey of the World's Most Admired Companies®, the
eighth year it has been so honored. Toll Brothers has also been
named Builder of the Year by Builder magazine and is the first
two-time recipient of Builder of the Year from Professional Builder
magazine. For more information visit TollBrothers.com.
©2023 Fortune Media IP Limited. All rights reserved. Used under
license. Fortune and Fortune Media IP Limited are not affiliated
with, and do not endorse the products or services of, Toll
Brothers.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements regarding expected
demand, business plans, product performance, and cost savings.
These forward-looking statements are based on our current
assumptions, expectations, and beliefs and involve substantial
risks and uncertainties that may cause results to materially differ
from those expressed or implied by these forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, regulatory changes and
the availability of economic incentives promoting use of solar
energy and fluctuations or declines in the performance of our solar
panels and other products and solutions. A detailed discussion of
these factors and other risks that affect our business is included
in filings we make with the Securities and Exchange Commission
(SEC) from time to time, including our most recent reports on Form
10-K and Form 10-Q, particularly under the heading "Risk Factors."
Copies of these filings are available online from the SEC or on the
SEC Filings section of our Investor Relations website at
investors.sunpowercorp.com. All forward-looking statements in this
press release are based on information currently available to us,
and we assume no obligation to update these forward-looking
statements in light of new information or future events.
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SOURCE SunPower Corp.