Synthaholic
Diamond Member
- Thread starter
- #261
There was no welfare.Because I was able to buy a new hybrid water heater for $230!A lot of them were direct benefits to small businesses. It was designed that way. Remember, it was a Green stimulus?Temporary jobs..part time jobs and in the government..What do you mean no jobs? The stimulus hired millions of people.
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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.
So why did you need the welfare? You could have done the job yourself justifiably if it would save you so much. Why did you need the nanny state to prompt you to do something that made economic sense? I replace my water heater for $400 with a new one and didn't need anyone else, GE and Lowes still made their profits, no plumper involved.
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Even counting the installation it was a steal.
I wasn't in the market for a water heater until this deal, then it made perfect sense. And it stimulated the economy, locally and nationally.
Any purchase stimulates the economy, you said it made economic sense without the welfare. So why didn't you do it before?
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It made economic sense with the stimulus incentive. Without it I would have paid the full $1430.00 and then still may have opted for the pro install, since it isn't your normal water heater, plus they needed to drill through the outer wall to run the drip PVC, for the heat pump portion of the water heater. Plus they hauled away my old one.