In an attempt to help American households save money and be more environmentally conscious, General Electric (GE) has launched GeoSpring, the first hybrid electric ENERGY STAR-qualified water heater manufactured in the U.S., a water heater that’s expected to save the 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.”
According to the GE press announcement, 96 percent of Americans think that improved appliance efficiency is important for personal financial reasons. This is according to a report published by the Consumer Federation of America in March of last year. However, it is the water heater that is the second single-biggest energy-consuming appliance in the average household.
The GeoSpring only costs an average of $195 to operate annually, a marked decrease on the average $520 of a standard electric water heater. The GeoSpring also uses 62 percent less electricity than a standard water heater as a result of its ability to absorb heat in ambient air, rather than needing to generate radiant heat like a standard water heater.
Other features according to GE of the GeoSpring include:
- The GeoSpring has the same footprint and electrical connections as the standard electric water heater, making it easy to install.
- The GeoSpring provides the same amount of hot water as traditional 50-gallon standard electric water heaters.
- The 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 on the day before the homeowner’s return.
- The GeoSpring offers more control over water temperature, allowing you to adjust in one degree increments from 100 to 140 degrees Fahrenheit.
The GeoSpring is expected to be available at national retailers in March of this year, at an estimated price of $1,199-$1,299. For more information on the GeoSpring, visit GE’s publicity site for the GeoSpring.