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Meritage Homes and SunPower Offer Solar Power Systems with Energy Storage

HAYWARD, Calif., July 13, 2015 /PRNewswire/ -- Meritage Homes (NYSE: MTH) and SunPower (Nasdaq: SPWR) are now offering high efficiency solar power systems combined with energy storage technology at the 42-home Pinnacles at Stonebrae community in Hayward, Calif.

SunPower Logo.

"High efficiency SunPower solar power systems are reliable, attractive and help families save on electricity costs. With energy storage, homeowners can store the power their solar systems produce, enabling them to keep the lights on and serve other critical loads in a power outage," said C.R Herro of Meritage Homes. "This program with SunPower extends the value Meritage Homes offers homeowners as part of our long-standing commitment to building quality homes that set the standard for energy efficient homes."

SunPower® solar power systems are available as an option today at Meritage Homes communities across the U.S. The systems use high efficiency SunPower solar panels, which produce 70 percent more energy in the first 25 years than conventional solar technology, according to tests conducted by the U.S. Department of Energy's National Renewable Energy Laboratory. At the Pinnacles at Stonebrae community, SunPower is also offering advanced energy storage solutions from San Francisco-based Sunverge Energy.

"Meritage Homes has a visionary approach to offering smart, proven technologies that enhance their customers' lives and the communities in which they live," said Howard Wenger, SunPower president, business units. "SunPower solar power systems combined with energy storage technology help homeowners take control of their energy costs, while providing the additional peace of mind provided by back-up power when they need it."

Eight of Professional Builder's top ten new production home builders feature SunPower systems in their communities.

About Meritage Homes
Meritage Homes is the eighth-largest public homebuilder in the United States, based on homes closed in 2014. Meritage builds and sells single-family homes for first-time, move-up, luxury and active adult buyers across the Western, Southern and Southeastern United States. Meritage builds in markets including Sacramento, San Francisco's East Bay, the Central Valley and Orange County, California; Houston, Dallas-Ft. Worth, Austin and San Antonio, Texas; Phoenix/Scottsdale, Green Valley and Tucson, Arizona; Denver and Fort Collins, Colorado; Orlando and Tampa, Florida; Raleigh and Charlotte, North Carolina; Greenville-Spartanburg and York County, South Carolina; Nashville, Tennessee; and Atlanta, Georgia.

 Meritage has designed and built more than 85,000 homes in its 30-year history, and has a reputation for its distinctive style, quality construction, and positive customer experience. Meritage is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency's ENERGY STAR Partner of the Year for Sustained Excellence Award in 2013, 2014 and 2015, for innovation and industry leadership in energy efficient homebuilding. Meritage was the first national homebuilder to be 100 percent ENERGY STAR qualified in every home it builds, and far exceeds ENERGY STAR standards today.

About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on SunPower's 30 years of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North and South America, Europe, Australia, Africa and Asia. For more information, visit www.sunpower.com.

SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.

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SOURCE SunPower Corp.

For further information: Media, C.R. Herro, Meritage Homes, CR.Herro@MeritageHomes.com, 480.515.8019; Ingrid Ekstrom, SunPower, iekstrom@sunpowercorp.com, 510.260.8368