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Stock impact report

California Becomes 1st State to Require Solar Panels on New Homes. Here’s How It Will Reduce Utility Costs [Fortune]

Meritage Homes Corporation (MTH) 
Last meritage homes corporation earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.meritagehomes.com
Company Research Source: Fortune
By Natasha Bach 1:18 PM EST California has taken the final step to be the first state in the nation to require solar panels on new homes. The California Building Standards Commission on Wednesday unanimously upheld a May 9 decision to require solar panels on homes up to three stories. The requirement goes into effect Jan. 1, 2020. Currently, just 9% of single-family detached homes in California have solar panels . But as the state pushes toward decreasing greenhouse gas emissions—and with a 2045 goal to transition to a fully renewable energy grid devoid of fossil fuels— this rule will help accelerate that progress. Aside from energy efficiency, solar panels reduce ozone-damaging household emissions, most of which come from natural gas-generated electricity . In the long-term, solar panels benefit homeowners. While the upfront cost Show less Read more
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