Meritage Homes Includes SunPower Solar Power System on New Homes in California

SCOTTSDALE, Ariz. and SAN JOSE, Calif., April 10, 2014 /PRNewswire/ — Meritage Homes (NYSE: MTH) includes a high-efficiency solar power system from SunPower Corp. (NASDAQ:SPWR) at no additional cost with the purchase of a to-be-built home in select Meritage California communities.

This promotion launched a nationwide joint offering announced by Meritage and SunPower in February 2014 to provide leading comprehensive energy efficiency and solar power solutions to all Meritage homebuyers throughout the U.S. It reinforced Meritage’s commitment to make every home it builds solar-ready, with the ability to achieve zero net energy consumption.

“Meritage Homes is setting new standards of excellence for energy-efficient homes, and the addition of well-designed, cost-effective solar power systems helps achieve even greater energy cost savings while enhancing the quality of life for our customers,” said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. “By partnering with SunPower, the industry’s most experienced provider of solar technology to new home communities, we can provide homebuyers the most reliable and efficient solar technology available, enabling customers to create value the moment they take ownership of their new Meritage home.”

“Increasingly, homebuyers understand the return on investment that a high quality, energy efficient, solar-powered new home delivers,” said SunPower CEO Tom Werner. “We’re very proud to partner with Meritage Homes, and to participate in this extraordinary offer to California homebuyers.”

With the limited-time offer announced, Meritage Homes included a 1.4-kilowatt SunPower solar power system, which uses the most efficient solar panels available, for no additional cost with the purchase of a to-be-built home in select Meritage California communities. Homebuyers had the option of upgrading the size of their system at an additional cost and may also include online monitoring, which allows homeowners to understand how much power their solar system is generating and better control energy use. SunPower will also work with Meritage Homes sales personnel and Meritage homebuyers to provide training and education on the benefits of their solar power systems.

“Meritage offers a comprehensive system of advanced features such as spray foam insulation, double low-e windows, variable drive HVAC, LED lighting, home energy monitoring and control, and triple-certification by the EPA for meeting ENERGY STAR, Indoor airPLUS and WaterSense standards,” concluded Hilton. “We believe the addition of SunPower solar power systems will make the best homes even better.”

SOURCE SunPower Corp., Meritage Homes

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