SunPower and KB Home Team Up To Provide Residential Solar Systems

SunPower solar panels being installed on a roofby Tate Dwinnell – KB Home (KBH) announced Tuesday that it’s going to provide residential solar systems as a standard feature using Sunpower (SPWRA) technology in 10 Southern California communities. While KB Home has provided solar systems as an option for several years, it’s the first time it will be included standard for every home. Depending on the response in these 10 communities, the company is prepared to expand the initiative across the country.

“By offering solar power systems as a standard feature on their award-winning homes, KB Home is providing homebuyers a secure, reliable alternative to electricity sourced from non-renewable fossil fuels,” said Jim Pape, president of SunPower’s residential and commercial business group. “We are pleased to partner with KB Home as they embark on this exciting initiative to help their homeowners take control of their energy usage and reduce their electricity costs.”

Shares of SPWRA aren’t moving up on the news today and down a few percent, but remain technically bullish on the daily chart.