Richmond American Expands Solar Offerings to All Regions

Rhea-AI Summary

M.D.C. Holdings, Inc. (NYSE: MDC) announced that solar options are now available nationwide through its Richmond American Homes subsidiaries. This initiative follows successful solar implementations in California and Colorado, where 5,682 homes were built with solar panels, resulting in savings of 79,476 tons of CO² emissions.

The company also introduced improved energy-reducing features such as efficient HVAC systems and electric vehicle charging prewiring. Solar options will not be available at Cityscape™ communities.

Positive

• Expansion of solar options nationwide, enhancing sustainability.
• 5,682 homes equipped with solar panels closed in California and Colorado, saving 79,476 tons of CO2 emissions.
• Introduction of energy-efficient home features, potentially attracting eco-conscious buyers.

Negative

• None.

DENVER, Jan. 4, 2022 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC), parent company to the Richmond American Homes companies, is pleased to announce that solar options are now available in all regions in which Richmond American builds.

The Richmond American Homes companies have offered solar power systems to customers in California since 2012. Now, the leading national homebuilder is taking its commitment to sustainability to the next level by providing solar options at communities from coast to coast.

In addition, Richmond American will be introducing an even greater host of standard and optional features that help reduce energy usage without sacrificing functionality. These include even more efficient HVAC solutions (up to 16 SEER air conditioning and variable speed mid- or high-efficiency furnaces), high-efficiency MERV 13 air filters, high-efficiency tankless water heaters, Low-E windows and radiant roof barriers. The builder also now offers electric vehicle charging prewiring in all markets. 

Richmond American homebuyers seeking solar capability can choose from the following solutions:

• Install a solar power system through one of our preferred vendors
• Install a concealed conduit for a future solar power system

As of June 2021, the Richmond American Homes companies closed on 5,682 homes with solar panels in California and Colorado, saving 79,476 tons in CO² emissions and producing 32,882,271 kilowatt hours of renewable energy annually. The builder is now ready to help those in other states reduce their carbon footprints.

"We're always looking for ways to reduce energy usage and waste and promote a healthy environment, and we have seen great success with solar power systems in California and Colorado. So, offering solar solutions in all regions in which we build was a natural next step," said Andrew Harris, Senior Vice President of Richmond American Homes Corporation.

Solar options are not available at the builder's Cityscape™ communities.

For more information on the many benefits of powering your next home with the sun, call 888.500.7060 or visit a sales center today.

About M.D.C. Holdings, Inc.

Operating under the name Richmond American Homes, MDC's homebuilding subsidiaries have built more than 220,000 homes since 1977. Among the nation's largest homebuilders, MDC's subsidiary companies have operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.

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SOURCE M.D.C. Holdings, Inc.

FAQ

What new offerings has MDC launched for homebuyers?

MDC now offers solar options in all regions where Richmond American builds, along with improved energy-efficient features.

How many homes has MDC closed with solar panels?

As of June 2021, MDC closed on 5,682 homes with solar panels in California and Colorado.

What are the benefits of solar options from MDC?

Homebuyers can reduce their carbon footprint and potentially lower energy costs with MDC's solar options.

In which markets does MDC offer solar solutions?

MDC offers solar solutions nationwide, except at its Cityscape communities.

What types of solar solutions can MDC homebuyers choose?

Homebuyers can install solar power systems through preferred vendors or prepare homes for future solar installations.