- $600 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 22, 2012 --- (NYSE: GE) --- It just got easier to save money on energy costs in Tallahassee, Fla., thanks to a rebate program from City of Tallahassee Utilities. When consumers buy the new GE® GeoSpring™ Hybrid Water Heater, they are eligible to apply for a $600 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 a 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 savings
The 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 resistance heat--- as used in a conventional electric tank water heater---the GeoSpring is more economical to operate.
Other features of the GeoSpring include:
- 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 City of Tallahassee is proud to be recognized as a national leader in energy conservation," said Sandra Manning, Tallahassee's utility marketing director. "As incentives, we offer various ENERGY STAR® rebates to help our customers save energy, water and money. The GeoSpring is an exciting new option for our rebate program because it gives customers another choice for energy efficiency and cost savings."
Rebate details
To participate, Tallahassee electriccustomers or homebuilders complete and submit a rebate application, providing corresponding details and information such as receipts. Rebate applications are available at energy-efficient water heater retailers and online at www.talgov.com. Rebates will appear as a credit on utility bills.**
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 availability
Assembly 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 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.
*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 applications must be received within 90 days of the installation's Final Inspection Date.
**Dealers set their own prices.
Kim Freeman
GE Consumer & Industrial - Americas
[email protected]
502-452-7819