I bought this GE GeoSpring Heat Pump Water Heater in 2009 during Obama's Green Stimulus after Republicans crashed the economy. Again.
The rebates were incredible, turning a $1500 purchase into around $250, plus I got months of rebates from my city's utilities for buying it. The only downside was that in order to get the rebates you had to get it professionally installed (which helped local businesses crushed by Republicans crashing the economy. Again.)
GE has stopped making this, but Rheem and others still do
I posted about this in 2017 in
this thread. Here is what I wrote at the time:
Through that stimulus grant to my city I was able to purchase a new GE Hybrid energy water heater ($1430.00 at Lowes, now $899) and receive back from the city $1200.00 in credit on my energy bill, which meant I didn't get an electric bill for 5 months. Pretty great.
One catch: I had to hire a local plumber to professionally install it. This was by design in the stimulus: stimulate business for local companies. They charged me an outrageous $400, but look what I got: professional installation and a new 50 gallon water heater that costs an EnergyGuide average of $198 per year instead of the $600-$800 per year with my old Kenmore. All for $630.
And GE sold another cutting edge tech water heater. Helping their profits.
And Lowes had another water heater sale. Helping their profits.
And my local plumber had a $400 job on the books. Helping their profits.
And that's the 2009 Stimulus Act in a nutshell.
