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FOR IMMEDIATE RELEASE
April 8, 2008

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Contact Information:
Ed Dumas- VP of Communications: (516) 719-9838
Media Pager: (516) 525-LIPA
media.relations@lipower.org

Grey Line

Going Green
LIPA and Town of Hempstead Host Free Solar & Home Performance with ENERGY STAR® Seminar

Uniondale, NY—April 8, 2008—As concerns about global warming increase and the cost of fossil fuels continue to rise, homeowners are looking for ways to make a difference. The Long Island Power Authority (LIPA) is providing an opportunity for residential customers to invest in the future and supplement their energy needs with solar power (Photovoltaic-PV) and improve overall home energy efficiency.

To help educate its customers on how to reduce their dependence on fossil fuels, LIPA is teaming up with the Town of Hempstead to offer a free Solar Energy and Home Performance with ENERGY STAR® Seminar. The program will be held Tuesday, April 15, 2008 at 7:30PM in the Town of Hempstead at Levittown Hall, 201 Levittown Parkway, Hicksville, NY. The seminar will include topics such as: how to lower your electric bill; types of PV systems; details on LIPA rebates and solar incentives; net metering; and how to choose a contractor.

“Replacing just one incandescent bulb with a Compact Fluorescent bulb (CFL) can save the typical electric consumer almost $18 per year while using up to 75% less energy then incandescent bulbs,” said LIPA President and CEO Kevin S. Law. “I commend Hempstead Town Supervisor Kate Murray for her commitment to providing the residents with information enabling them to save on energy costs while reducing environmental damage. With the costs of energy rising, it is important to know what energy efficiency improvements will help keep home energy costs down.”

“We are pleased to partner with the Long Island Power Authority and Renewable Energy Long Island and host this informative program,” Supervisor Murray stated. “This is a great opportunity for homeowners to become solar pioneers and reduce electricity consumption while protecting the environment. This is also the first time we will be combining the solar seminar with a seminar on how to make your home more energy efficient with ENERGY STAR.”

“Supervisor Kate Murray must be commended for hosting these home energy efficiency seminars and RELI looks forward to working with the Town of Hempstead and its residents to help people save energy and money while reducing harmful emissions from our homes,” said Gordian Raacke, executive director of Renewable Energy Long Island (RELI), a not-for-profit organization. “We may not realize it, but our homes are often poorly insulated and use antiquated or needlessly wasteful heating and air conditioning systems, appliances and lighting. Thanks to LIPA’s Home Performance with ENERGY STAR program, homeowners can now get help from specially trained home energy experts and find out how much money they can save by making energy efficiency improvements.”

LIPA offers significant rebates for PV systems up to 10 kilowatts (kW) in size. A 10kW can produce about 12,730 kWh per year, which would be an annual value of $2,291 at the current electric rates. The rebate available now for residential and commercial customers is $3.50 per watt. Investing in solar power enables customers to not only generate clean electricity, but also reduce the amount of electricity purchased from LIPA. And, any excess electricity produced can be sold back to LIPA through net metering.

In addition to the LIPA rebates, New York State offers up to a 25% tax credit with a $5,000 cap. The Federal government offers up to 30% tax credit with a $2,000 cap. Nassau and Suffolk Counties charge no sales tax on the equipment of PV systems, and homeowners can take advantage of New York State’s 15-year property tax exemption for solar energy systems. After all the incentives are applied it is possible to enjoy a 50% reduction on the total cost of a PV system.

To date, under its Solar Pioneer Program, LIPA has rebated over $30.8 million for the installation of approximately 1,208 PV systems Island-wide. That number breaks down to 1,117 residential and 52 commercial systems and 39 systems installed at educational, not-for-profit and government facilities. Additionally, there are 483 rebate applications pending for PV systems that are about to be installed.

In addition to the solar topics, homeowners are invited to learn how they can obtain a Comprehensive Home Assessment by an accredited Building Performance Institute (BPI) contractor, and implement cost effective measures for improving their home’s overall energy efficiency through the LIPA Home Performance with ENERGY STAR program.

The LIPA Home Performance with ENERGY STAR program created a network of independent contractors that are accredited by the Building Performance Institute (BPI). BPI is a national resource for building science technology that sets standards for assessing and improving the energy performance, as well as the health and safety of homes.

Home Performance contractors have been trained in taking a “whole-house” approach when testing homes and identifying necessary energy efficiency improvements. This approach considers the inter-relationship between the various systems within a home (insulation, doors and windows, mechanicals and air leakage) and factors these relationships into a work scope designed to enhance the energy model of your home.

The time has never been better to maximize your home’s performance for greater energy and environmental savings. For more information on LIPA’s Solar Pioneer Program and Home Performance with ENERGY STAR® programs and to sign up for FREE public seminars in your area, please call 1-800-692-2626 or visit www.renewableenergylongisland.org today.

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LIPA, a non-profit municipal electric provider, owns the retail electric Transmission and Distribution System on Long Island and provides electric service to more than 1.1 million customers in Nassau and Suffolk counties and the Rockaway Peninsula in Queens. LIPA is the 2nd largest municipal electric utility in the nation in terms of electric revenues, 3rd largest in terms of customers served and the 7th largest in terms of electricity delivered. In 2006, LIPA outperformed all other overhead electric utilities in New York State in all three major reliability categories. LIPA does not provide natural gas service or own any on-island generating assets. More information about LIPA can be found online at: http://www.lipower.org

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