Market Overview

BGE Ups Rebate for Energy Efficient Water Heaters to $550 for a Limited Time

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BALTIMORE--(BUSINESS WIRE)--

Over the Labor Day weekend, Sept. 4–Sept. 7, retailers traditionally offer some of the best appliance sales of the year to help make room new merchandise in the fall. BGE wants to make those holiday sales even more attractive for customers considering a water heater purchase by increasing the rebate we offer for select ENERGY STAR® certified hybrid heat pump water heaters to $550. The BGE Smart Energy Savers Program $550 rebate is available for the month of September through October 20, 2015.

Not only can customers combine lower sale prices with the $550 rebate, they then have an opportunity to save additional money because hybrid heat pump water heaters are so efficient. According to ENERGY STAR, an energy-efficient hybrid heat pump water heater can help significantly reduce energy costs, saving the average household nearly $300 per year on electric bills compared to a standard electric water heater. Water heating is a home's second largest energy expenditure after air heating and cooling.

Customers not currently shopping for water heaters can still take advantage of BGE Smart Energy Savers Program rebates for other appliances, including:

  • $100–$150 rebates on select ENERGY STAR certified refrigerators
  • $75–$100 rebates on select ENERGY STAR certified clothes washers
  • $50 rebates on select ENERGY STAR certified clothes dryers
  • $150–$400 rebates on select ENERGY STAR certified pool pumps

After October 20, the rebate on select ENERGY STAR certified hybrid heat pump water heaters returns to $500.

More information on rebates and other energy-saving programs is available at BGESmartEnergy.com. The BGE Smart Energy Savers Program helps contain the cost of energy and improve reliability. The programs also help to reduce peak demand and slow the growth in energy consumption to lessen the need for more power plants. BGE offers energy-saving solutions for homeowners, renters, large and small business customers, nonprofits and institutional customers. These programs support the EmPOWER Maryland Energy Efficiency Act.

BGE, headquartered in Baltimore, is Maryland's largest natural gas and electric utility, delivering power to more than 1.25 million electric customers and more than 650,000 natural gas customers in central Maryland. The company's approximately 3,200 employees are committed to the safe and reliable delivery of natural gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. Like us on Facebook and follow us on Twitter, YouTube and Flickr.

Baltimore Gas and Electric Company (BGE)
Aaron Koos, aaron.koos@bge.com
BGE Media Hotline: 410-470-7433

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