Meritage Homes Corporation recently opened its first net zero energy home in Central Florida. Located in the city of Windermere, it is called the Enclave at Windermere Landing.
The homes use a combination of energy efficient features and renewable energy to reduce consumption and meet the power requirements for a family of four. It incorporates highly efficient SunPower solar power solutions. This system comes with a 25-year manufacturer’s warranty.
Priced from $407,990 to $606,990, Enclave at Windermere Landing homes are like conventional homes with improved insulation and more efficient windows to beat the Florida heat. The homes also include improved lights, appliances and HVAC.
Meritage Homes has been making net zero energy homes for the past five years. Through 2016, Meritage Homes will install SunPower Equinox solar power systems in new homes in the Orlando Metropolitan area.
The net zero energy homes cater to increasing demand for energy efficient homes, which will help homebuyers to lower their utility bills over the years. The net zero energy homes will also have increasing resale value over the years.
Meritage Homes performed very well in fourth-quarter 2015. The addition of this new property will boost its community count, which will in turn drive its top line. Meritage Homes expects community count to increase 5–10% by the end of 2016.
Meritage Homes holds a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the construction sector may also consider Hovnanian Enterprises Inc. , KB Home and MDC Holdings Inc. . All three companies have a Zacks Rank #2.
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