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FOR IMMEDIATE RELEASE CALIFORNIA HOMEOWNERS GET CONNECTED WITH XANTREX's NEW GT 3.0 GRID TIE SOLAR INVERTER PLACERVILLE, CA, November 18, 2004 --/WORLD-WIRE/-- Homeowners Joe and Monique Sweeney recently discovered the joys of solar living when they had a solar electric system installed in their new 3,000 sq. ft. home in Placerville, California. Two Xantrex GT 3.0 Grid Tie Solar Inverters form the heart of the system that will supply clean, environmentally-friendly electricity to their household. This system marks one of the first residential grid tie installations of the GT 3.0 in the United States. Granite Bay Solar of Sacramento installed the 6 kW system, which incorporates 44 Sharp 165-watt solar panels. Solar distributor DC Power supplied the Xantrex GT 3.0 Inverters. "The GT 3.0 is the easiest inverter we have ever installed ¯ it decreased our install time by ten hours," said Robert Brashear, Granite Bay Solar's part owner and system installer. "It only weighs 45 pounds, so I could mount it by myself and the 600-volt DC disconnect included with the inverter eliminated the need to wire a separate one for each inverter." Holli Tamas, part owner and sales associate for Granite Bay Solar added: "The GT 3.0's wide input range and three-kilowatt power rating makes array sizing and system design more flexible. The inverters' competitive price, reduced installation time and integrated disconnect saved our company at least $1,500. "In addition, the efficiency of the GT 3.0 provides a higher rebate to the homeowners than another inverter we considered using," continued Tamas. "We have two jobs over the next two weeks requiring five inverters and we will definitely be using Xantrex." The Sweeney's system will receive the maximum three dollar per watt incentive for residential systems in California, about $18,000, and an additional 7.5 percent state tax credit of $2,600. Currently, their system is producing an average of 27 kWh per day, which will save them approximately $2,000 per year (18 cents per kWh) in annual utility costs. The main advantages of the GT 3.0 Grid Tie Solar Inverter are a lower dollar per watt cost, simplified installation, and superior solar energy harvest, which results in a cost savings and ensures that home owners get the most out of their solar system investment. For more information on the Xantrex GT 3.0 Grid Tie Solar Inverter, visit www.xantrex.com/gridtie. About Xantrex Xantrex Technology Inc. (www.xantrex.com) is a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the distributed, mobile and programmable power markets. The company's products convert raw electrical power from any central, distributed, or backup power source into high-quality power required by electronic and electrical equipment. Headquartered in Vancouver, British Columbia, the company has facilities in Arlington, Washington; Livermore, California; Elkhart, Indiana and Barcelona, Spain. Xantrex is publicly listed on the Toronto Stock Exchange under the ticker symbol “XTX”. About Granite Bay Solar Granite Bay Solar provides commercial and residential solar energy solutions to the Sacramento area. Specializing in solar power, pool heating, hot water and water pumping, the company is a turn-key operation that prides itself on its custom designs and installations. The company provides competitive prices, and excellent customer service that includes managing customers’ paperwork, arranging financing, and preparing the warranty and tax paperwork. About DC Power DC Power Systems is a leading wholesale renewable energy distributor. It works with a national network of dealers and installers to offer complete renewable energy solutions, including system design, consulting, and project financing. DC Power is committed to helping its partners and clients design and implement renewable energy systems for their unique needs. For more information, please visit www.dcpower-systems.com. Note that this news release contains forward-looking statements related to Xantrex Technology Inc. Such statements reflect the current views of Xantrex with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in these forward-looking statements. CONTACT: Maria LoScerbo Xantrex Technology Inc. Maria.loscerbo@xantrex.com 604.422.2589 |
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