Industry News…Rheem Manufacturing Co.
Rheem Manufacturing Co. announced its association with the Valley Electric Association (VEA) to launch a domestic solar water heating program in the United States. VEA is an electrical co-op servicing more than 22,000 meters within Nevada and California. This program offers each member of the VEA an opportunity to install a Rheem solar water heating system in their residence.
VEA will provide zero percent interest financing to members who choose to participate in the program. It’s estimated that members switching from electric or propane water heating systems will save between $250 and $550 annually on water heating. According to VEA, this program will also help to eliminate 15.4 million pounds of carbon dioxide annually and save $34 million or more, collectively, on energy costs over the next 20 years.