GridPoint Helps Consumers Reap Tax Credits and Other Benefits of New Energy Law with Intelligent Energy Management Products.WASHINGTON Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. -- Law Encourages Advanced Technologies Like GridPoint's to Help Consumers Take Advantage of Tax Credits as Well as Ability to Sell Excess Energy Back to the Utility GridPoint, Inc., a provider of intelligent energy management (IEM IEM Industrial Engineering and Management (course/program) IEM In Ear Monitor IEM Institution of Engineers, Malaysia IEM Inborn Errors of Metabolism (molecular biology) IEM Intelligent Energy Management ) appliances for residential, light commercial and government markets, announced today that its products will help consumers reap the benefits of tax credits, net metering Net metering is a electricity policy for consumers who own, generally small, renewable energy facilities, such as wind or solar power, or uses vehicle-to-grid systems. "Net", in this context, is used in the sense of meaning "what remains after deductions" -- in this case, the , time-based pricing Time-based pricing refers to a type offer or contract by a provider of a service or supplier of a commodity, in which the price depends on the time when the service is provided or the commodity is delivered. and other forms of demand response outlined in Energy Policy Act of 2005, signed into law by President Bush this month. The new law increases tax credits for commercial and private solar installations or related equipment such as GridPoint Connect(TM), which integrates alternative energy sources such as solar panels as well as sells excess energy back to the utility. Businesses can claim a federal tax credit equal to 30 percent of the cost of GridPoint Connect, with no dollar limit on the credit. Homeowners, who are offered a credit for the first time in 20 years, can also claim a credit of 30 percent, capped at $2,000 per system. GridPoint's products vary in price from $6,000 to $16,000 depending on size. The new law encourages the deployment and use of advanced metering and communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry as well as requires utility companies to work with consumers who implement it. For example, the utility must provide customers with a time-based rate schedule and make available net-metering service, which allows the consumer to sell energy generated from his GridPoint Connect product back to the utility to offset the consumer's electric bill. "We are delighted that the government is encouraging the adoption of clean, innovative technologies that directly benefit consumers as well as the light commercial market," said Peter L. Corsell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GridPoint. "The new law will also go along way toward promoting a smarter, more reliable energy grid." As the industry's first intelligent energy management (IEM) appliances tailored for the home and business, GridPoint's 2006 product releases will lower energy costs by 10 to 15 percent, improve power reliability and itemize To individually state each item or article. Frequently used in tax accounting, an itemized account or claim separately lists amounts that add up to the final sum of the total account on claim. energy consumption for the home and small business in a clean, silent, automatic way. They also will enable utilities to reduce peak demand costs and offer value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. . GridPoint's sophisticated "plug-and-play" appliances, the size of a small refrigerator, are marketed through premium home builders, utilities, retail chains and government entities as well as installers and contractors of electrical, heating, air-conditioning, home automation and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. systems. To learn more about GridPoint products, please call 800.998.GRID or visit www.gridpoint.com. About GridPoint GridPoint builds intelligent energy management (IEM) products to reduce electricity costs, improve power reliability and itemize energy consumption for the home and business. GridPoint IEM appliances provide traditional and renewable energy users with instant, automatic backup power An additional power source that can be used in the event of power failure. See UPS and backup.  A Half Minute of Backup This roomful of lead acid batteries stands ready to drain itself entirely in less than a minute. based on clean, high-capacity, battery-based technology. GridPoint products also offer the renewable energy user a superior way to integrate alternative energy sources. GridPoint's single cabinet, "plug-and-play" appliances are easy to install and sold through a network of premium home builders, utilities, retail chains and government entities as well as installers and contractors of electrical, heating, air-conditioning, home automation and renewable energy systems. On the Net: www.gridpoint.com |
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