SunPower SunTile Powers Largest All-Solar Neighborhood in America
Lennar’s 650 New Homes Expected to Save 40 to 60 Percent on Electric Bills
SAN JOSE, Calif., Jan 15, 2007
Source: SunPower Corp, Press release
http://investors.sunpowercorp.com/releasedetail.cfm?ReleaseID=225664
SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of the world’s highest efficiency, commercially available solar cells and solar panels, and its subsidiary PowerLight Corporation, today announced the opening of the nation’s largest solar-powered neighborhood.
Built by Lennar Corp. (NYSE: LEN) in Roseville, Calif., the planned 650 homes will use SunPower’s roof-integrated SunTile(R) solar electric system, featuring the world’s most efficient solar cell. Lennar estimates that homeowners are expected to save an average of 40 to 60 percent on their monthly electric bills.
“We applaud Lennar for offering solar systems as a standard feature to all of their prospective homeowners in Roseville,” said Tom Werner, SunPower CEO. “Our acquisition of PowerLight Corp., completed last week, has expanded our business to include an outstanding portfolio of solar technology and systems, including SunTile installed on Lennar’s homes. SunTile is a market-changing solar system because it replaces roofing material, lowers installation time and improves solar system roof aesthetics.”
“Customers value solar systems today because they can significantly reduce their electric bill and help lower greenhouse gas emissions,” said Howard Wenger, vice president, Global Business Units. “With the support of great partners such as Lennar, a leading national homebuilder, and the City of Roseville, we are proud to offer affordable solar systems to entire communities of new homeowners today.”