DeNova Homes, PetersenDean and Canadian Solar Offer Solar as Standard in New Lathrop, CA Home Community

  DeNova Homes, PetersenDean and Canadian Solar Offer Solar as Standard in New
  Lathrop, CA Home Community

Business Wire

LATHROP, Calif. -- March 12, 2014

DeNova Homes recently announced the future opening of the new contemporary
community of Edgewater at River Islands in Lathrop, CA, offering all new homes
with solar as standard, in a partnership with PetersenDean Roofing & Solar and
Canadian Solar.

While many new home communities offer solar as an option, Edgewater at River
Islands is one of the few that offer solar as a standard feature. The
community, which includes a variety of other eco-friendly attributes, has 92
lots that provide 1.5 kW Canadian Solar Standard on every home backed by a
25-year warranty. Buyers will have the option to upgrade to 3.0kW or 6.0kW,
depending on plans, elevations, orientations and available roof space.

Federal tax credits totaling about $2,500 are also available for most
homeowners with solar roofing. Additionally, estimated five-year savings can
total up to $10,296.

With four floor plans ranging from approximately 1,841 to 2,568 square feet of
living space and solar as standard on every home, Edgewater at River Islands
also includes an extensive program of options such as exterior loggias with
fireplaces and barbeques and premium lots on the water with docks. Other
eco-friendly features are tankless water heaters; radiant barrier; cool roof
colors; one-coat stucco; 14 SEER air conditioning; energy-efficient
appliances; select recycled framing material and more.

“Solar is clean energy and we are striving to build an eco-friendly home as
much as feasible. It’s also a great way to reduce utility cost for our
homeowners,” said Ryan Parlett, President of DeNova Homes, Inc. “Peterson Dean
and Canadian Solar were an easy choice because they come as package and
deliver some of the best materials in the industry.”

“We are pleased to be selected by DeNova Homes and PetersenDean. We fully
support DeNova Homes’ forward thinking strategy of making solar a standard
feature in this attractive new community. Homeowners will immediately benefit
from reduced energy bills and the environment will benefit from the
proliferation of clean, renewable energy. We hope to see other developers
adopt this win-win strategy, which greatly improves the ease of ownership for
homeowners,” said Dr.Shawn Qu, Chairman and Chief Executive Officer
ofCanadian Solar.

As the price of solar technology continues to drop, more builders and
developers are offering solar as standard and experts expect the trend to
continue, added Jim Petersen, founder of PetersenDean.

“As solar panel costs continue to fall, more and more builders like DeNova
Homes are offering solar as a standard feature. Consumers are asking for it
and building codes are requiring energy efficiency and renewable energy
products for new construction,” said Petersen. “Solar power is a logical
technology and is becoming so affordable that paybacks can be as low as three
years.After that the homeowner owns the power. As they say, ‘it’s the new
granite countertop’ and people love their granite countertops. But a granite
counter can’t pay your electricity bills, solar panels can.”

About DeNova Homes:

Over 25 YearsDeNova Homeshas earned a reputation as one ofthe most
respected homebuildersin the Bay Area. Our approach is simple — because we
are a private family-owned builder, we can address each community
individually, incorporate the unique characteristics of the surrounding area
and commit to build only the very best, a sentiment that the Building Industry
Association has reaffirmed with numerous awards.

Please visit http://www.denovahomes.com for more details.

About PetersenDean Roofing & Solar:

Founded in 1984 by Jim Petersen, PetersenDean is the largest, full-service,
privately held roofing and solar company in the United States. Specializing in
new residential and commercial construction, PetersenDean works with some of
the nation’s largest builders and developers. With more than a million roofs
under its belt, the Fremont, CA-based company employs 3,000 and operates in
six states: Arizona, California, Florida, Nevada, Oklahoma and Texas. Please
visit http://www.petersendean.com/ for more details. Please visit
http://www.petersendean.com/ for more details.

About Canadian Solar:

Founded in 2001 in Canada, Canadian Solar Inc., (NASDAQ: CSIQ) is one of the
world’s largest and foremost solar power companies. As a leading vertically
integrated provider of solar modules, specialized solar products and solar
power plants with operations in North America, South America, Europe, Africa,
the Middle East, Australia and Asia, Canadian Solar has delivered more than 6
GW of premium quality solar modules to customers in over 70 countries.
Canadian Solar is committed to improve the environment and dedicated to
provide advanced solar energy products, solutions and services to enable
sustainable development around the world. For more information, please visit
www.canadiansolar.com.

Contact:

for PetersenDean Roofing & Solar
Christine Rombouts, 949-631-1557
crombouts@ca.rr.com
 
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