LOUISVILLE, Ky.–(BUSINESS WIRE)–(NYSE: GE) — Nearly all Americans (96 percent) think improved appliance efficiency is important for personal financial reasons, yet many homeowners don’t realize their water heater is the second single-biggest, energy-consuming appliance in their home, behind the HVAC system and that more energy-efficient options are available in the marketplace.
“Approximately 50 percent of U.S. households use a standard electric water heater”
To address consumers’ growing desire to save money and be environmentally conscious, GE is launching GeoSpring™, the firsthybrid electric ENERGY STAR®-qualified water heater manufactured in the U.S. that will save an average consumer $325 every year on their utility bills.
“There are very few products for your home that will save homeowners as much money as the GeoSpring,” said Stephen Downer, GE product general manager for water products. “With the state of today’s economy, we’re betting on acceptance of this technology from consumers who want to save money on their energy bills and support the GE employees in the U.S.” Continue reading