As all home builders know, building codes are ever evolving. Many cities and states across the country are modernizing their energy building codes to drive all-electric, clean energy building practices, a trend often referred to as electrification.
Smart, all-electric homes that come standard with solar panels, battery backup and EV charging are increasing in popularity in places like California, Colorado, New York - and elsewhere. According to reports, the zero-energy buildings market is expected to grow by more than $91 billion from 2020 to 2025 at a CAGR of 26.41%.
Spurred by building code updates, consumer demand, more affordable solar technology and climate concerns, energy efficiency is a building trend that’s here to stay. There are several benefits for builders that standardize on all-electric, smart home amenities like solar.
- A growing number of states offer appealing financial subsidies and incentives to builders. For example, Colorado’s Energy Star New Homes program provides up to $9,500 per dwelling.
- Green building practices can also help fulfill builder ESG goals, which many investors increasingly expect from their business partners. See SunPower’s recent article on Builder Online for more information.
- Energy efficient homes also provide great marketing opportunities. According to the National Association of Realtors 2020 Realtors & Sustainability Report, 68% of buyers want an environmentally friendly home.
With solar energy uniquely positioned to meet new building codes, fulfill ESG goals and satisfy growing homeowner demand for clean energy, there’s never been a better time for builders to integrate solar energy into their plans. In fact, many industry-leading builders are getting ahead of the curve by standardizing on smart-home amenities like solar, storage and EV charging now.
SunPower’s longstanding expertise in solar policy and code compliance has made us a trusted partner for several of the nation’s top builders. Count on SunPower to keep you up to date on the solar building codes, energy trends and financing options that will positively impact your projects and your customers’ buying decisions. To learn more visit www.sunpower.com/home-builders.