Three new developments have now occurred, making economical TPV systems possible. The first development is the diffused junction GaSb cell that responds out to 1.8 microns producing over 1 W/cm2electric, given a blackbody IR emitter temperature of 1250 C. This high power density along with a simple diffused junction cell makes an array cost of $0.50 per Watt possible. The second development is new IR emitters and filters that put 75&percent; of the radiant energy in the cell convertible band. The third development is a set of commercially available ceramic radiant tube burners that operate at up to 1250 C. Herein, we present near term and longer term spectral control designs leading to a 1.5 kW TPV generator / furnace incorporating these new features. This TPV generator / furnace is designed to replace the residential furnace for combined heat and power for the home. © 2003 American Institute of Physics