Solar Powered KB Homes Offer Big Savings Opportunity for Homebuyers
KB Home now including solar power systems as standard at 28 communities throughout Southern California
LOS ANGELES (November 21, 2011) – KB Home (NYSE: KBH), one of the nation’s premier homebuilders, today announced that it is significantly expanding its popular solar initiative by making solar power systems a standard feature of homes in nearly all of its communities across Southern California. Including the high-efficiency SunPower® solar power systems – now available at 28 communities – with a new KB home can help KB homeowners reduce their monthly energy bills by as much as 80% and lower their cost of homeownership for years to come.
“Consumers who buy a Built to Order™ KB home get the value of a custom home-like experience plus the tremendous energy efficiency of our latest advanced building techniques. And now, having solar included is like having the sun help pay their energy bills,” said Jeffrey Mezger, president and chief executive officer of KB Home. “The response to our solar initiative has been overwhelmingly positive and we are excited to expand our program so that many more homebuyers in Southern California can take advantage of this unique opportunity.”
To illustrate the potential benefit of solar power systems and the many other energy-efficient features of its homes, KB Home provides consumers with its Energy Performance Guide® (EPG®), which shows an estimate of monthly energy costs for each home as designed. For example, at KB Home’s Newbury at the Enclave in Eastvale, Calif., a one-story, four bedroom home without a solar power system has an estimated monthly electric and gas bill of $108. With the expansion of KB Home’s solar power initiative, this home will now include a 3.15kWp system as a standard feature and the estimated monthly electric and gas bill will be $27. Compared to a typical resale home, this new KB home is estimated to save a homeowner about $2,000 annually on energy costs.
“SunPower is proud to be a part KB Home’s industry-leading commitment to offer solar power systems as a standard feature in 28 of its Southern California communities,” said Howard Wenger, president, regions for SunPower. “As the world’s most efficient and reliable solar technology on the market today, SunPower technology delivers proven performance that can provide long-term significant savings.”
KB Home launched its solar initiative in March 2011 when it began including 1.4 kWp SunPower systems with homes in 10 of its Southern California communities. Based on consumer interest and the desire to provide additional savings on homeowners’ energy bills, the builder decided to increase both the number of communities participating and the size of the solar power systems included as standard. The smallest solar power system included as standard is now 1.8 kWp, with over half of the 28 participating communities including a 2.25kWp or 3.15kWp system as standard.
For more information on KB Home’s new home communities throughout Southern California and building your new KB home with a solar power system included, visit kbhome.com/socalsolar (need to verify that this URL will be updated to reflect expanded commitment) or call 888-KB-HOMES.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide™ (EPG). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in a 2010 study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.