The FINANCIAL -- Nearly all Americans 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.

To address consumers’ growing desire to save money and be environmentally conscious, GE is launching GeoSpring, the first hybrid electric ENERGY STAR-qualified water heater manufactured in the U.S. that will save an average consumer $325 every year on their utility bills.

According to General Electric Company, a standard electric water heater can cost an average homeowner $520 every year to operate. The GeoSpring costs an average of $195 to operate annually and uses 62 percent less electricity than a standard electric water heater and will pay for itself in less than 2.5 years.

The GeoSpring Hybrid Water Heater combines energy-saving heat-pump technology with traditional electric heating systems used in most conventional water heaters on the market.

This hybrid technology is designed to absorb heat in ambient air and transfer it into the water. Since this requires much less energy than the energy used to generate radiant heat – as used in a conventional electric tank water heater – the GeoSpring Hybrid Electric Water Heater is more economical to operate.A standard electric water heater can cost an average homeowner $520 every year to operate. The GeoSpring costs an average of $195 to operate annually and uses 62 percent less electricity than a standard electric water heater and will pay for itself in less than 2.5 years.

The GeoSpring Hybrid Water Heater combines energy-saving heat-pump technology with traditional electric heating systems used in most conventional water heaters on the market.

This hybrid technology is designed to absorb heat in ambient air and transfer it into the water. Since this requires much less energy than the energy used to generate radiant heat – as used in a conventional electric tank water heater – the GeoSpring Hybrid Electric Water Heater is more economical to operate.

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