Solar Powered KB Homes Arrive in Arizona

  Solar Powered KB Homes Arrive in Arizona

Expansion of builder’s popular solar initiative gives all of its new
homebuyers in the Grand Canyon State the chance to let the sun help pay their
energy bills

Business Wire

PHOENIX -- March 18, 2014

KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced that homebuyers at all of its communities in
Arizona now have the opportunity to own a solar-powered KB home. Combined with
the energy-efficient features already included in all ENERGY STAR® certified
new KB homes, solar power will help KB homeowners reduce their monthly energy
bills by as much as 80% when compared to a typical resale home, and lower
their overall cost of homeownership for years to come.

Today’s announcement advances KB Home’s commitment to building increasingly
efficient homes and provides more homebuyers than ever the option to enjoy the
environmental and financial benefits of solar. Solar power is already
available at select KB Home communities in California, Colorado, Nevada and
Texas, and KB Home estimates that the more than 2,200 solar KB homes built to
date collectively help save their owners more than $1.5 million each year on
electricity bills and offset the annual greenhouse gas emissions from over
1,200 passenger vehicles.

“KB Home’s long history of environmental leadership has already helped its
customers save millions of dollars on energy costs, and the entire Arizona
team is proud to continue that tradition of innovation by offering solar to
our buyers right here in America’s sunniest state,” said Shawn Chlarson,
president of KB Home’s Arizona division.

KB Home estimates that at current residential electrical rates, a 3-kilowatt
high-efficiency photovoltaic system provided by SunPower (NASDAQ: SPWR) and
installed on a 2,768 square foot ENERGY STAR certified home at its Alcantara
Villas community in Phoenix would yield average energy savings of $216 per
month, or approximately $25,000 over ten years, compared to a typical resale
home without these features. Additionally, home shoppers who choose to
incorporate solar in their home may also qualify for a 30% federal tax credit
and $1,000 from the state of Arizona.

“There is no better time to purchase a solar system than when the home is
being built,” said Matt Brost, director of sales at SunPower. “Savvy
homebuyers today understand the return on investment that a high-quality,
solar-powered new home delivers. Solar is a great complement to the
energy-efficient features KB Home offers, particularly in sunny Arizona.”

KB homeowners will be able to watch in real-time as their solar panels work to
lower their home’s energy usage with a Wiser™ home management system, a ‘smart
home’ technology that KB Home includes in all of its new homes to help
homeowners track their energy consumption. The standard system can be enhanced
with additional technology that gives homeowners the power to control their
home’s lighting, thermostat and security functions with the click of a button.

All KB homes are designed with state-of-the-art energy- and water-conserving
features that make them some of the most efficient available today. Features
like programmable thermostats, low-E windows and WaterSense labeled faucets
and fixtures all contribute to the award-winning energy and water performance
KB Home is proud to provide its customers.

More information about KB Home’s sustainability initiatives and Arizona
communities is available online at www.kbhome.com or by calling 888-KB-HOMES.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in
the United States. Since its founding in 1957, the company has built more than
half a million quality homes. KB Home's signature Built to Order™ approach
lets each buyer customize their new home from lot location to floor plan and
design features. As a leader in utilizing state-of-the-art sustainable
building practices, all KB homes are highly energy efficient and meet strict
ENERGY STAR® guidelines. This helps to lower monthly utility costs for
homeowners, which the company demonstrates with its proprietary KB Home Energy
Performance Guide® (EPG®). KB Home has been named both an ENERGY STAR Partner
of the Year Sustained Excellence Award winner and WaterSense® Partner of the
Year for three consecutive years by the EPA. Los Angeles-based KB Home was the
first homebuilder listed on the New York Stock Exchange, and trades under the
ticker symbol "KBH." For more information about KB Home's new home
communities, call 888-KB-HOMES or visitwww.kbhome.com.

Contact:

KB Home
Craig LeMessurier
925-983-4509
clemessurier@kbhome.com
 
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