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

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LATHROP, Calif.–(BUSINESS WIRE)–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 of Canadian 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 Years DeNova Homes has earned a reputation as one of the most respected homebuilders in 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.

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


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