SunPower Announces that Demand for New Production Homes with Solar Systems Nearly Doubled from 2011 to 2012!


SunPower has been providing solar technology to major production home builders like KB Home, Lennar and Pulte since 2006, and currently leads the market with about 80% market share.

SunPower made the announcement on June 5, 2013 that demand for new production homes with solar systems nearly doubled from 2011 to 2012, according to data provided by the California Solar Initiative (CSI), and that they expect one in five new production homes will have solar this year.

An estimated 4,000 new production solar homes were built in California last year, ten times the number built just seven years ago during the housing construction boom. SunPower Corp. (NASDAQ: SPWR) is the market leader in providing solar energy solutions to major production homebuilders such as KB Home – who built the most solar-powered production homes in California in 2012 – Richmond American Homes, Lennar and Pulte. SunPower announced that it is installing the company’s 10,000th high efficiency solar power system on a new production home and to celebrate this milestone, they are providing an upgraded solar power system on the 10,000th home that is expected to generate all of the home’s electricity needs. Homebuyers Justin Levine and Bethany Rutstein, who are finalizing their home purchase with KB Home near San Diego, Calif. while simultaneously planning their June wedding, are thrilled with the complementary system upgrade.The market for new production homes with solar in California has been strengthened by the New Solar Homes Partnership program under the CSI. The California Energy Commission oversees the program, which provides incentives for homebuilders to construct energy efficient, solar powered homes. “By helping reduce the cost for homebuilders to offer solar in their communities, the New Solar Homes Partnership has helped make solar more affordable for families that might not otherwise have access to solar,” said California Energy Commissioner Andrew McAllister.

Source: Press Release- Growing Demand for New Production Homes with Solar, June 5, 2013

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