- A $200 instant rebate from Smart Water Heat combined with up to $900 in tax credits allows Oregon consumers to buy efficient water heaters and recoup the cost
- Smart Water Heat and GE Appliances' new promotion aims to raise awareness and increase adoption of efficient heat pump technology used in the GeoSpring™ water heaters
LOUISVILLE, Ky. --- Nov. 20, 2013 --- Through Dec. 4, 2013, Smart Water Heat, an initiative of the Northwest Energy Efficiency Alliance (NEEA), is funding a $200 instant rebate for residents in Idaho, Montana, Oregon and Washington to make the GE (NYSE: GE) GeoSpring™ water heater more affordable.1 In addition to the instant rebate, a combination of state and federal tax credits up to $900 are available to help Oregon homeowners recoup the cost paid to own an advanced water heater.2
Many homeowners don't realize their water heater is the second biggest energy-consuming appliance in their home.3
Initiative Manager for Smart Water Heat at NEEA Jill Reynolds said, "Most people wait until their water heater fails to upgrade to a new product. This time of year, the Smart Water Heat program is providing instant rebates for this product in collaboration with its utility partners and GE to help consumers take a proactive approach to upgrading their water heater."
The GeoSpring reduces energy waste, decreases water-heating costs and ultimately can save an average consumer $325 per year throughout the life of the product.* François LeBrasseur GE Marketing Manager for Water Products said, "With GeoSpring's advanced heat pump technology, a consumer can save over $3,000 in a 10-year span. The savings can be used toward a vacation, shopping spree, home improvement or rainy-day fund. We're very excited to work with NEEA to spread the word about savings potential with the GeoSpring."
Tallying up the savings and gathering information on GeoSpring is easy using GE's and Smart Water Heat's online resources:
The GeoSpring is available at retailers and distributors nationwide. For more information on features and availability, visit geospring.com.
About Smart Water Heat
Smart Water Heat is an initiative of NEEA, in collaboration with more than 100 Northwest utilities, focused on promoting the education, development and adoption of heat pump water-heater technology that is best suited to meet the needs of homeowners in the Northwest. Visit SmartWaterHeat.org for more information.
About NEEA
The Northwest Energy Efficiency Alliance (NEEA) is an alliance of more than 100 Northwest utilities and energy efficiency organizations working on behalf of more than 13 million energy consumers. NEEA leverages its strong regional partnerships to affect market transformation by accelerating the adoption of energy-efficient products, services and practices. Since 1997, NEEA and its partners - including Avista Utilities, Bonneville Power Administration, Chelan County PUD, Clark Public Utilities, Cowlitz PUD, Eugene Water & Electric Board, Energy Trust of Oregon, Idaho Power, NorthWestern Energy, Pacific Power, Puget Sound Energy, Seattle City Light, Snohomish County Public Utilities, and Tacoma Power -have saved enough energy to power more than 600,000 homes each year. Visit NEEA.org for more information.
GE Appliances
GE 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.
1. GeoSpring Dealers set their own prices.
2. Consult your tax professional to determine whether you are eligible for rebates in your area and/or the Federal Tax Credit.
3. Water heating at http://en.wikipedia.org/wiki/Water_heating and DOE.
*Based on DOE test procedure and comparison of a 50-gallon standard electric water heater using 4879 kWh per year vs. the GeoSpring™ Hybrid Water Heater using only 1830 kWh per year and national average electricity rate of 12 cents per kWh.
Kim Freeman
GE Consumer & Industrial - Americas
[email protected]
502-452-7819