De Young Properties Announces Partnership with SolarCity to Reduce Annual Electricity Usage to Zero
Fresno, CA (PRWEB) October 31, 2013 -- De Young Properties and SolarCity (Nasdaq: SCTY) have made it possible for homebuyers to save money and use clean energy with solar-powered Net Zero EnergySmart™ homes, now available in select De Young Properties communities. Designed to reduce annual electricity usage to zero, De Young Net Zero EnergySmart™ floorplans feature advanced building science that generates savings by combining De Young EnergySmart features with the power of SolarCity’s solar energy systems. De Young’s agreement with SolarCity makes it possible for homebuyers to pay less for clean electricity generated by their homes’ solar systems than they would pay for power from their local utility.
A De Young Net Zero EnergySmart home not only meets rigorous energy-efficiency standards, but is designed to annually consume zero net electric energy. The award-winning De Young Net Zero EnergySmart homes are designed to meet these criteria by using efficient climate control, lighting and other efficiency improvements to reduce their energy use, and then offsetting the remainder of their electricity needs by producing their own using a solar system. The result is a home that is far more advanced than the standard home on the market today. This environmentally responsible technology is designed to help homeowners save thousands of dollars in the future by reducing annual electricity costs.
“A De Young Net Zero EnergySmart home is designed to allow homebuyers to reduce their annual electricity expenses so they can have less stress on their pocket book, making it a very smart decision,” said Brandon De Young of De Young Properties. “We are pleased to partner with SolarCity as our solar provider for the De Young Net Zero EnergySmart home, as SolarCity will handle the installation process and continue to provide customer service for our homebuyers for years to come.”
The homes in select De Young Properties communities offer solar systems ranging from 2.94 to 4.9 or more kilowatts (kW) of solar generation capacity depending on the design and style of the home. De Young EnergySmart homes are built to the stringent California Advanced Homes Program Tier 2 standard, are GreenPoint Rated and significantly exceed California’s required energy-efficiency standards by a minimum of 30 percent. The individual savings for each homebuyer will vary based on their level of personal use and the amount of solar electricity generated from their individual solar system. The environmental impact of a 4.9 kW solar system is equivalent to reducing 172,465 pounds of carbon dioxide emissions in the air, or planting more than 180 trees, over the lifetime of the 20-year pre-paid lease agreement.*
“SolarCity is thrilled to be part of the De Young Net Zero EnergySmart homes that will run on clean, solar power and will be designed to save money and run efficiently,” said Walter Cuculic, SolarCity’s national manager of Builder Programs. “With solar, De Young homebuyers will enjoy savings from the very first day they move into their beautiful homes.”
SolarCity custom designs and installs each solar system at De Young Properties communities before the homebuyer moves into their new home, and will provide customer service, real-time monitoring and repairs if needed for the lifetime of the contract. SolarCity will also provide a personalized MySolarCity web portal to each homebuyer giving them direct access to view their electricity consumption and their solar system energy production online.
In addition to the already available Net Zero electric option, De Young Properties continues to explore energy efficient building science technology by building a Zero Net Energy home that is designed to not only offset annual electricity usage, but natural gas as well. With the support of SolarCity, De Young Properties’ new Zero Net Energy model home is designed to produce as much energy as it consumes each year. A private ribbon cutting ceremony will take place at De Young CountryCourt community and the home will be open to the public on December 1, 2013. For additional information about this home, please contact Elizabeth Helon at (559) 222-1322.
*Calculations are based on agreement terms of 20 years and based on data from Environmental Protection Agency (EPA).
About De Young Properties
Now in their third generation, Jerry and Paula De Young began building in 1974 to help families realize the American dream of home ownership. Building over 7,000 homes, De Young’s name is synonymous with quality craftsmanship, enduring value, innovation and customer service. For nearly 40 years, De Young has worked to improve the quality of life in the Central Valley by building quality crafted homes, but also by contributing time and resources to local schools, non-profits and community groups, as well as building a home for a local hero on the Emmy award-winning television show Extreme Makeover: Home Edition and serving as proud builder and major donor of seven St. Jude Dream Homes.
To learn more about De Young Properties, visit a De Young Welcome Center located at Chestnut and Teague in Fresno or on Armstrong, south of Gettysburg in Clovis. For additional information and open hours, please call (559) 434-2000 or (559) 323-6004 or visit http://www.deyoungproperties.com.
Building Your Dreams For Three Generations. Homes are offered by De Young Realty, Inc.
About SolarCity
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company offers solar power, energy efficiency and electric vehicle services, and makes clean energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 14 states and signs a new customer every five minutes. Visit the company online at http://www.solarcity.com and follow the company on Facebook & Twitter.
This release contains forward-looking statements including, but not limited to, statements regarding expected savings, expected electricity offsets and assumptions relating to the foregoing. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled “Risk Factors” in our registration statement on FormS-1, which has been filed with the Securities and Exchange Commission, which identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
For De Young Properties
Elizabeth Helon
559-222-1322
elizabeth(at)cohencommunications(dot)com
For SolarCity
Molly Canales
650-963-5674
mcanales(at)solarcity(dot)com
Molly Canales, SolarCity, 650-963-5674, [email protected]
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