SAN RAMON, Calif.--(BUSINESS WIRE)--Lennar Homebuilding, one of the largest residential developers in the country, has announced that, beginning immediately, all new communities constructed in the greater San Francisco Bay market will be equipped with a roof integrated solar electric system from PowerLight, a subsidiary of SunPower Corporation (Nasdaq: SPWR), as a standard feature. Lennar Bay Area launched its solar push with the introduction of Milano, a 77 luxury home development in Danville, California. The solar-powered program puts Lennar in the forefront of forward-thinking builders who have their eye on the future and a concern for the environment. These solar-electric equipped homes can help consumers save on their monthly utility bills in addition to providing the buyer with a one-time $2,000 federal tax credit. In 2006, Governor Arnold Schwarzenegger signed legislation (Senate Bill 1) aimed at establishing California as the nation’s leader in solar energy. By 2011, his Million Solar Roofs Plan will provide incentives to builders and homeowners who install solar power in new homes and convert to solar energy in existing homes. The bill, which provides tremendous support to Lennar’s existing solar energy initiatives, is just part of a broader effort to push green energy alternatives throughout the state. The solar electric system will become part of Lennar’s Everything Included package. Rather than offering costly upgrades, Lennar researches what customers want and value in a new home and includes those items as standard in their homes. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes in 20 states across the country. Lennar's Financial Services Division provides primarily mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Additional information about the Company may be obtained at www.lennar.com A tax professional should be consulted regarding any tax-related matters.
