This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

When Consumers Buy The New GE® GeoSpring™ Hybrid Water Heater, They Are Eligible To Apply For A $800 Rebate Through Austin Energy, Reducing The Cost To Purchase The Water Heater. (Photo: GE)

GE Appliances (NYSE: GE):

When consumers buy the new GE® GeoSpring™ Hybrid Water Heater, they are eligible to apply for a $800 ...

When consumers buy the new GE® GeoSpring™ Hybrid Water Heater, they are eligible to apply for a $800 rebate through Austin Energy, reducing the cost to purchase the water heater. (Photo: GE)

Consumers in Austin, Texas, can buy a GE® GeoSpring™ Hybrid Water Heater, valued at $1,299, for next to nothing thanks to an Austin Energy® rebate and recently reinstated federal tax credit. 2 Through Feb. 20, participating retailers in the area are offering the GeoSpring for the sale price of $999. 3 After the rebate up to $800 1 from Austin Energy and $300 tax credit are applied to the purchase, the cost of the GeoSpring ends up being $199 or less. This does not include taxes and installation charges. With many utility rebates, professional installation is required. 2

The water heater is the second single-biggest energy drain in the home behind the HVAC system. 4 The GeoSpring ENERGY STAR ®-qualified water heater will save the average consumer $325 every year on their utility bills . 5 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.

“With the sales promotion, Austin Energy rebate program and the federal tax credit for ENERGY STAR-certified appliances eliminating the cost of the GeoSpring, consumers start saving money from day one on utility bills,” said Francois Lebrasseur, marketing manager, water products, GE Appliances.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs