GE began manufacturing its hybrid hot water heater, the GeoSpring, last week.

The GeoSpring is the most efficient hot water heater on the market. GE reports that it is up to 62% more efficient than a standard hot water heater.

GE's GeoSpring provides the same amount of hot water as a standard water heater, but uses hybrid technology to reduce its energy consumption. Essentially, an evaporator draws ambient heat into the hot water heater, saving energy. See this video to learn how the GeoSpring works.

Also, the GeoSpring has multiple settings to optimize both energy efficiency and comfort. You can set the water heater to vacation mode, hybrid mode, high demand mode, and more.

What is the Payback Period?: Cost and ROI of the Geospring

The GeoSpring's MSRP is $1,399.

GE says that the hybrid hot water heater will save $320 per year in energy costs - meaning it has a payback period of about 3 years.

However, you must also factor in that GeoSpring qualifies for state and utility rebates in almost 30 states. These savings could make the payback period much shorter.

You can calculate your savings by using GE's GeoSpring Savings Tool. The calculator factors in the cost of electricity in your area and your local incentives and rebates.

 

GE's hybrid hot water heater can contribute to a building's LEED certification because of its energy savings. According to LEED for New Construction 2009, the GeoSpring can help to earn the following credits:

• Energy and Atmosphere (EA) Prerequisite 2, Minimum Energy Performance (0 points):
This prerequisite mandates a minimum level of energy performance for the LEED building. The GeoSpring can help to meet this requirement since it is the most energy efficient hot water heater on the market.

• EA Credit 1, Optimize Energy Performance (1-19 points): This credit awards points based on the percentage improvement over the minimum energy efficiency level established in EA Prerequisite 2. Again, the GeoSpring can contribute because of its high level of energy efficiency.

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