An alternative method uses the property that the equation of a chord of a conic with a given midpoint $(x_1, y_1)$ is given by $T=S_1$. For the ellipse $4x^2+y^2-4=0$, this would be $4xx_1+yy_1-4 = 4x_1^2+y_1^2-4$. The slope of this chord is $-4x_1/y_1$. Since the chord is $y=x+1$, its slope is 1. So, $-4x_1/y_1=1 \implies y_1=-4x_1$. Since $(x_1,y_1)$ is on the line, $y_1=x_1+1$. Solving these two gives $-4x_1=x_1+1 \implies -5x_1=1 \implies x_1=-1/5$, and $y_1=4/5$.