SAN JOSE, Calif. and
OAKLEY, Calif., June 18, 2020 /PRNewswire/ -- KB Home (NYSE:KBH)
today announced that it is the first homebuilder to offer
SunPower's (NASDAQ:SPWR) new OneRoof™ product at its Ashbury
new-home community in the San Francisco
Bay Area. The first-of-its-kind SunPower OneRoof system
delivers an efficient, durable, attractive and cost-effective solar
roofing product that is ideal for the new-home market.
Experience the interactive Multichannel News Release here:
https://www.multivu.com/players/English/8690351-sunpower-kb-home-oneroof-solar-system/
KB Home has been a pioneer in solar homebuilding for nearly 15
years. The company was one of the first national homebuilders to
offer solar, well before solar became a requirement of the
California Energy Code. In 2011, KB Home partnered with SunPower to
introduce the homebuilder's first all-solar community, taking an
early leadership position in the industry and developing an
enduring partnership in the process.
SunPower has been serving homebuilders for 15 years, installing
50,000 new-home solar systems and leads in this segment, with more
than 50 percent market share. During the past 18 months, SunPower's
Research and Development team collaborated with KB Home to develop
SunPower OneRoof. The innovative new product features
interlocking metal roof trays with integrated panel clips to
install SunPower solar panels directly to the roof deck. This is
designed to create a watertight, impermeable solar roof. It is
designed to install faster and easier than traditional rack-mounted
solar systems and has passed UL tests, including the Class A Fire
Rating for building-integrated solar. The aesthetically pleasing
solar roof was designed specifically to meet the needs of
California new-home solar
communities and replaces concrete tile roofing materials.
"KB Home has once again demonstrated its leadership, and given
our long-time partnership with the homebuilder, we are confident
that OneRoof will be another successful collaboration," said
Tom Werner, SunPower CEO and
chairman of the board. "OneRoof is an innovative solution for
homebuilders working to meet California's new-home solar mandate, as well
as for other states that are considering similar policies. Given
our place in the new-home market, investing in the development of a
complete integrated solar system to benefit homebuilders was a
priority, and we plan to incorporate OneRoof into all new-home
installations."
"We are proud to have paved the way by providing energy savings
potential to thousands of our homeowners through renewable solar
power, which helps to lower their overall cost of homeownership and
enables them to enjoy a more sustainable lifestyle," said
Jeff Mezger, Chairman, President and
Chief Executive Officer of KB Home. "Early on, we recognized that,
through innovation and partnership with SunPower, we could create a
winning solar combination for our homeowners."
Today, all KB homes are designed to meet or surpass ENERGY STAR®
certification standards, meaning the homes can have substantially
lower monthly utility costs when compared to typical used homes. In
fact, KB Home recently announced that it has delivered over 140,000
ENERGY STAR certified new homes, a milestone that surpasses all
other homebuilders. With the addition of solar to an ENERGY STAR
certified home, KB homeowners can further reduce their
environmental footprint and their electricity bills. To date, KB
solar homes have produced an estimated total of 428 million
kilowatt hours of electrical power, reducing CO2
emissions by an estimated 668 million pounds—the equivalent of
removing over 64,000 cars from the road for an entire year.
For more information on KB Home's sustainability initiatives,
visit kbhome.com/sustainability.
About KB Home
KB Home is one of the largest and most
recognized homebuilders in the United
States and has been building quality homes for over 60
years. Today, KB Home operates in 42 markets across eight states,
serving a wide array of buyer groups. What sets us apart is how we
give our customers the ability to personalize their homes from
homesites and floor plans to cabinets and countertops, at a price
that fits their budget. We are the first builder to make every home
we build ENERGY STAR® certified. In fact, we go beyond
the EPA requirements by ensuring every ENERGY STAR certified KB
home has been tested and verified by a third-party inspector to
meet the EPA's strict certification standards, which help to lower
the cost of ownership and to make our new homes healthier and more
comfortable than new ones without certification. We also work with
our customers every step of the way, building strong personal
relationships so they have a real partner in the homebuying
process, and the experience is as simple and easy as possible.
Learn more about how we build homes built on relationships by
visiting kbhome.com.
About SunPower
As one of the world's most innovative
and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a
diverse group of customers with complete solar solutions and
services. Residential customers, businesses, governments, schools
and utilities around the globe rely on SunPower's more than 30
years of proven experience. From the first flip of the switch,
SunPower delivers maximum value and superb performance throughout
the long life of every solar system. Headquartered in Silicon
Valley, SunPower has dedicated, customer-focused employees
in Africa, Asia, Australia, Europe, and North
and South America. For more information about how SunPower is
changing the way our world is powered,
visit www.sunpower.com.
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 project plans, expected cost
savings and product performance. 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.
©2020 SunPower Corporation. All Rights Reserved. SUNPOWER, the
SUNPOWER logo and ONEROOF are trademarks or registered trademarks
of SunPower Corporation in the U.S. and other countries as
well.
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SOURCE SunPower Corp.