SunPower To Install Energy Storage Solutions At Some KB Home Locations

(RTTNews) - SunPower Corp. (SPWR, SPWRB, SPWRA) announced a new collaboration with its longtime partner KB Home (KBH) to install innovative energy storage solutions at some KB Home locations in California, as part of a pilot program.

SunPower currently offers its high-efficiency solar power systems to purchasers of new homes in over 150 KB Home communities.

According to the company, this new pilot program expands the partnership and demonstrates this new technology's ability to store solar power generated during the day for use during power outages.

SunPower and KB Home are piloting the energy storage solutions this year in select KB Home communities in Irvine, El Dorado Hills, and San Diego, California, with the potential for a broader rollout to additional communities next year.

KB Home estimates that at current residential electric rates, a 1.4-kilowatt high-efficiency photovoltaic system provided by SunPower and installed as a standard part of a 3,654-square-foot, ENERGY STAR certified home at Vicenza would yield average energy savings of $216 per month, or about $25,900 over ten years, compared to a typical resale home without these features.