Is Standardizing on Solar Value It? – Builder Journal

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Image Courtesy of Toll Brothers

Thanks to the dramatic discount of solar prices over the previous 10 years, electrical energy is now a commodity that buyers can both purchase from their native utility or generate themselves with solar power. The decrease price of solar mixed with enhancements in zero-down solar financing (for certified prospects) signifies that solar is usually now inexpensive than buying power from the electrical utilities for a lot of Americans. Essentially, at present’s homebuyer can purchase decrease priced, clear and dependable electrical energy for many years to come back as an alternative of paying ever-increasing utility charges.1

“If given the choice to pay less for clean energy compared to higher priced power plant energy with the likelihood of price increases in the future, the choice is simple,” says Matt Brost, vice chairman of gross sales for SunPower, a number one nationwide solar energy firm. “It’s time that we all rethink traditional energy. Builders can now offer customers lower priced clean energy at zero cost to themselves with zero-down financing options for the homebuyer.”

Investor expectations are additionally driving elevated builder deal with sustainability. A latest Builder Online article revealed how builders with an ESG (environmental, social and governance) focus are rapidly outgunning these with out one on the funding capital entrance.2 And a latest survey carried out by Forbes discovered that 47% of executive-level respondents inside the engineering and building industries mentioned that sustainability is top-of-mind.3

KB Home just lately revealed its fifteenth Annual Sustainability Report, which highlights the corporate’s management in ESG and long-term pursuit to construct higher properties, higher communities, and a greater future.

“We installed our first solar system in 2005, and since then have built over 14,000 solar-powered homes with SunPower,” mentioned Jacob Atalla, vice chairman of innovation and sustainability at KB Home. “They’ve been a tremendous partner, helping us lower the overall cost of homeownership and enable our customers to enjoy a more sustainable lifestyle.”

Landsea Homes can also be doubling down on sustainability in new communities throughout the county.

“Standardizing on solar is another example of our innovative approach to our industry,” says Peter Beucke, vice chairman of innovation and sustainability for Landsea Homes. “It supports our aggressive ESG initiatives and allows our new home buyers to lock in a lower energy price for 25 years.”

With solar uniquely positioned to meet ESG objectives, present a decrease price of energy, and meet rising house owner demand for renewables, there’s by no means been a extra significant time for builders to include solar energy, battery storage and EV charging into their communities

To find out how SunPower can assist your subsequent single or multi-family building mission with excessive effectivity solar, battery storage, and zero-cost financing, go to www.sunpower.com/home-builders.

1In 2021, the common nominal retail electrical energy worth paid by U.S. residential electrical prospects elevated 4.3% from 2020. Source: U.S. Energy Information Administration, March 2022.

2https://www.builderonline.com/builder-100/strategy/why-esg-initiatives-can-be-a-double-edged-sword-for-home-builders

3https://www.forbes.com/sites/sap/2021/08/25/the-construction-industry-is-getting-greener-why-how-and-whats-changing/?sh=5e56a49b52bc

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