KB Home (KBH - Free Report) recently offered to introduce solar powered homes at all its communities in Arizona. The company has already built 2,200 solar power homes in some of the communities in California, Colorado, Nevada and Texas.
One of the leading U.S. homebuilding companies, KB Home has collaborated with SunPower Corporation (SPWR - Free Report) to install a 3-kilowatt high-efficiency photovoltaic system whereby residents can save up to 80% (compared to a typical resale home) on their energy bills. They may also qualify for a 30% federal tax credit and $1,000 from the state of Arizona.
All KBH homes offer energy efficient features and help residents save on their utility bills. The homes incorporate ENERGY STAR certified appliances, Wiser home management systems, and WaterSense labeled faucets and fixtures, which also help to conserve natural resources. The solar panels will be connected with the Wiser home management systems so that homeowners can monitor their energy usage. This will not only lower energy expenditure but also reduce greenhouse gas emissions by a significant amount.
Homebuyers tend to look for properties, which minimize their home maintenance costs. These often include larger floor space to accommodate future needs, energy efficient electric appliances and other facilities. The introduction of this smart solar power system will help them to reduce their energy bills over the long term.
KB Home carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Investors interested in the homebuilding sector can also consider stocks like William Lyon Homes (WLH - Free Report) and Taylor Morrison Home Corporation (TMHC - Free Report) . Both the companies sport a Zacks Rank #1 (Strong Buy).