Hot Water Solutions Q1 Supply Chain Newsletter
GE GeoSpring Promotion
Hot Water Solutions is pleased to announce that the GE GeoSpring 50- and 80-gallon Tier 2/3 promotion is extended through April 30, 2016. We hope this will help you continue heat pump water heater sales momentum. Take advantage of these substantial heat pump water heater markdowns while they are available:
- The promotion runs through April 30, 2016, or while funds last.
- $300 markdown throughout GE's Northwest supply chain.
- Additional $100 markdown ($400 total) on 50- and 80-gallon GeoSpring Pro units in the Northwest wholesale channel.
- GE's supply chain partners may offer additional markdowns - check with your local GE distributor for more information.
- Optional ducting kits available to increase installation flexibility.
The GeoSpring must be placed in Cold Climate Efficiency (CCE) mode to achieve Tier 3 efficiency providing homeowners with the highest water heating savings. Click here to learn more about the CCE mode and the GeoSpring ducting kit, and visit GeoSpring.com for additional product information.
Cozy Up with Large Tank Heat Pump Water Heaters
In April 2015, National Appliance Energy Conservation Act updates took effect to create higher baseline standards for large tank electric water heater efficiency. Since the standards took effect, large tank electric sales haven't reached their full potential in the market. We encourage you to become familiar with the technology to better serve your customers and offer heat pump water heater technology as the standard replacement for existing electric water heat, especially in installations that require a tank larger than 55 gallons. Be aware that work-arounds for large tank installations may have negative impact on warranty coverage, performance and product longevity. Correctly sizing your customers water heater will ensure their hot water needs are met for years to come.
Competitive pricing is available now on large tank heat pump water heater products; contact your local distributor to learn more. Selling heat pump water heaters has never been easier when you couple instant markdowns, utility rebates, tax credits, and the lifetime of savings on electric water heater costs.
Take Advantage of Heat Pump Water Heater Tax Credits
Congress recently passed legislation that retroactively extends federal residential energy efficiency tax credits to 2015 installations and is available for new purchases through the end of 2016. Let your customers know that their 2015 and 2016 installation may be eligible. Visit the ENERGY STAR® website to learn more.
Additionally, Oregon and Montana recently implemented new 2016 Residential Energy Tax Credit (RETC) changes that affect tax credit categories and qualifications for heat pump water heaters. Oregon 2015 Tier 2 tax credit amounts of $985 and Tier 1 incentive of $585 are still available for units purchased by December 31, 2015 and installed by March 31, 2016. The new 2016 rates are as follows:
- Oregon now offers up to $600 for Tier 2 and greater heat pump water heaters and up to $300 for Tier 1. More information can be found here.
- Montana now offers up to $300 for heat pump water heaters with an Energy Factor (EF) of 2.0 or greater, or up to $500 if combined when other energy investments are claimed. More information can be found here.
Tax credits and incentives are an excellent heat pump water heater selling tools. Hot Water Solutions will continue to provide timely tax credit updates to help you continue promoting heat pump water heater technology.
New Utility Rebates Available
New utility incentive programs have launched in Idaho, Montana, Oregon and Washington. There are now more than 50 utility rebate programs in the region. Contact your local utility to learn about their offerings and eligibility requirements. Informing your customers about available utility rebates can increase your sales and let customers know how affordable heat pump water heater technology can be.
Join us for the Hot Water Solutions Installer Orientation Webinar on the second Thursday of each month. This training provides comprehensive heat pump water heater product, technical, marketing, and rebate information. Additionally, attendees can gain listing on the Hot Water Solutions Installer Finder. To register for a training event, click here.