American Homes 4 Rent (NYSE: AMH) ("American Homes 4 Rent"), a leading provider of high-quality single-family homes for rent, today announced a first-of-its kind partnership with Elevation, a fully integrated residential energy solutions company, to bring energy efficient technology to its residents and amenity centers.
The partnership has begun with the integration of solar energy into American Homes 4 Rent's current and future amenity centers in its new single-family rental communities and will continue with the deployment of energy solutions in participating homes.
"As one of the top homebuilders in the nation, we continue to build the future of America responsibly, prioritizing durability and efficiency and implementing a strategy for managing our carbon footprint," said Bryan Smith, Chief Operating Officer of American Homes 4 Rent. "This partnership with Elevation aims to reduce the environmental impact and energy costs for both American Homes 4 Rent and our residents, while aligning with our Environmental, Social and Governance (ESG) principles."
Participating homes and amenity centers will benefit from solar energy, energy efficiency upgrades and smart energy technology that provides real-time, appliance-level consumption data.
"Our vision is to bring this proprietary combination of software and renewable technology to scale," said Greg Fasullo, Chief Executive Officer of Elevation. "We see this as an incredible opportunity to make a real difference in how energy is being used at home. Historically, the rental market has not had access to energy solutions that can make a real impact, and we are excited to be the solution for this fast-growing market."