•• May 1, 2001 •• SolarQuest® iNet News Service ••
PORTLAND, Ore. (May 1, 2001) – While energy deregulation has created some headaches in California, it also has opened up new opportunities for consumers and businesses willing to invest in their own sources of renewable energy. States across the country, from New York and Pennsylvania to Texas and California, have formulated plans for deregulating their electric utility industries. These plans often include provisions for individuals to profit from excess power they generate with solar and wind power systems. In California, the state will rebate back one-half of the cost of purchasing a small solar or wind power system and 40 percent of a mid-sized or larger system. These systems are tied into the grid, so that their owners can sell any electricity they don’t use back to the electric utility company. “Consumers no longer have to be subject to wide fluctuations in their energy bills,” said Toby Kinkaid, founder and CEO for Solardyne Corp., a developer and online retailer of reliable renewable energy technology and high-efficiency appliances. “And by selling electricity to utility companies, they can actually profit from their investment in a home power system.” In Texas, a pilot program for electricity deregulation will launch June 1. The full program will begin next January. The Texas Public Utility Commission sees deregulation opening up opportunities for small companies and even individuals interested in distributed generation. Distributed generation refers to units that serve smaller power loads such as small businesses, office buildings, hospitals and individual homes through microturbines, fuel cells and renewable energy systems. Texas law requires utility companies to buy back any excess power distributed by home and office systems. “Solardyne helps consumers configure home power systems that permanently free them from utility bills,” Kinkaid said. “What’s more, they’ll be contributing clean power to the grid for use by their friends and neighbors.”
About Solardyne Corp.
Solardyne Corporation is the premiere source on the Web for reliable renewable energy technology and high-efficiency appliances. The company focuses on the sale of solar and wind power equipment, providing consumers with power-on-demand with no accompanying fuel costs or pollution. Based in Portland, Ore., Solardyne specializes in solar and wind home power systems, as well as portable personal utility packs. For more information, visit www.solardyne.com.
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