Western Washington Water Heater Rebate Puts a Fast $500 in Homeowners’ Pockets, New GE® Water Heater Saves Them Even More

News release:

30 May 2012

Western Washington Water Heater Rebate Puts a Fast $500 in Homeowners’ Pockets, New GE® Water Heater Saves Them Even More

 

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• $500 rebate applies to the purchase of GE’s GeoSpring™ Hybrid Water Heater
• Hybrid water heating technology can save consumers more than $3,000 during the 10-year warranty period

LOUISVILLE, Ky., — May 30, 2012 — (NYSE: GE) — It just got easier to save money on utility bills in western Washington, thanks to a rebate program from Puget Sound Energy. When Puget Sound Energy consumers buy the new GE^® GeoSpring™ Hybrid Water Heater, they may be eligible to apply for a $500 rebate, reducing the cost to purchase the water heater. The ENERGY STAR^®-qualified water heater saves up to $325 per year on utility bills, which means the GeoSpring quickly pays for itself.*

Over 10 years, this savings can add up to more than $3,000 that can be used toward a vacation, a shopping spree, a home improvement or a rainy-day fund rather than going into the utility bill.

“Many consumers are unaware that the water heater is the second biggest energy user in the home behind the HVAC system,” said Keith Burkhardt, marketing manager for GE Appliances. “Through this rebate program, money is saved on both the product purchase and on utility bills—money the family can spend on something more enjoyable.”

Technology that drives energy and cost savingsThe GeoSpring’s hybrid technology is designed to absorb heat in ambient air and transfer it into the water. Since this uses much less energy than what’s needed to generate radiant heat—as used in a conventional electric tank water heater—the GeoSpring is more economical to operate.

Other features of the GeoSpring:

• Includes same water and electrical connections as the standard electric water heater, making it easy to install.
• Provides the same amount of hot water as traditional 50-gallon standard electric water heaters.
• Integrated electronics on the GeoSpring’s control panel offer exclusive features, such as Vacation mode, which will lower the water temperature to 50 degrees for the duration of a trip, and then automatically reenergize itself the day before the homeowner’s return.
• Offers additional control over water temperature by allowing consumers to adjust the temperature setting in one-degree increments from 100 to 140 degrees Fahrenheit.

"The goal of the PSE rebate program is to encourage our customers to save energy and money," said Walker Dodson, program manager with Puget Sound Energy. "The GeoSpring is a great choice for customers because of its energy efficiency and the ongoing savings it delivers.”

Rebate detailsTo participate, the water heater must be installed outside of the living space, such as a garage, attic or crawl space. Customers must then complete the rebate application and submit it with a copy of the receipt that clearly shows the equipment brand name, model number, purchase price and purchase location.** For additional information about the water heater rebate and eligibility requirements for the rebate program, please visit PSE.com/rebates.

As an added convenience to simplify the shopping experience, GE Appliances’ new Rebate Finder easily allows consumers to see rebates by appliance model that may be available in their area. From GEAppliances.com, simply enter your zip code and select Water Heaters in the product field to view rebate details and submit.

Pricing and availabilityAssembly of the new GeoSpring Hybrid Water Heaters started in February in Louisville, Ky. GeoSpring is available at national retailers such as Lowe's and Sears and national plumbing distributors such as Ferguson, as well as many local retailers and distributors. For more information on features and availability, visit www.GEAppliances.com/GeoSpring. The estimated retail price for GeoSpring is $1,199-$1,299.***

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About GE AppliancesGE Appliances is at the forefront of building innovative, energy-efficient appliances that improve people’s lives. GE Appliances’ products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners, water filtration systems and water heaters. General Electric (NYSE: GE) works on things that matter to build a world that works better. For more information on GE Appliances, visit www.ge.com/appliances.

*Based on DOE test procedure and comparison of a 50-gallon standard electric tank water heater using 4879 kWh every year vs. the GeoSpring hybrid water heater using 1830 kWh every year.

** Rebate application must be submitted within 30 days of equipment installation. One rebate per qualifiying metered, residential customer on qualifying installations.

***Dealers set their own prices.