WaterFurnace Announces Geothermal Homeowners Stimulus Event

FORT WAYNE, IN--(Marketwire - January 4, 2010) - A new program from WaterFurnace International, Inc. (TSX: WFI) offers up to $2,000 in rebates to homeowners who upgrade their existing geothermal systems to WaterFurnace Envision or Synergy3D before Feb. 15, 2010, depending on the age and manufacturer of their existing system.

The Geothermal Homeowners Stimulus Event offers:

--  $2,000 to homeowners who upgrade WaterFurnace equipment that is between
    one and 10 years old
--  $1,000 to homeowners who upgrade WaterFurnace equipment that is more than
    10 years old
--  $1,000 to homeowners who replace a brand of geothermal equipment other
    than WaterFurnace

Under the provisions of ARRA, homeowners who install a geothermal system before Dec. 31, 2016, can take advantage of a federal renewable energy tax credit of 30 percent of the total investment for the system. This tax incentive is retroactive to Jan. 1, 2009. Homeowners can also take advantage of utility rebates and state and local tax incentives to make geothermal systems more affordable than ever.

WaterFurnace Envision products set the industry standard for efficiency, reliability and quiet operation. Envision units use ozone-safe R-410A refrigerant to meet the most stringent requirements of the Environmental Protection Agency.

The Synergy3D is the geothermal equivalent of a boiler, furnace and air conditioner -- all in a single unit. Synergy3D units use environmentally friendly R-410A refrigerant, and variable-speed ECM blower motors ensure quiet operation.

Call your local WaterFurnace dealer today to learn more about the Geothermal Homeowners Stimulus Event.

Quotes:

Andy Fracica, Director of Marketing, WaterFurnace

-- "When you combine this offer with the 30 percent renewable energy tax credit available through the American Recovery and Reinvestment Act (ARRA) of 2009 with local incentives [where available], it becomes clear that there has never been a better time to buy WaterFurnace products."

Phil Albertson, VP of Sales and Marketing, WaterFurnace

-- "Units in the Envision and Synergy3D lines take efficiency to new levels, ensuring homeowners incredible energy savings while delivering unparalleled comfort and reliability. The rebate is just the icing on the cake."

WaterFurnace International, Inc. is a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps. Products from WaterFurnace include energy-efficient and environmentally friendly geothermal comfort systems, indoor air quality products and pool heaters. WaterFurnace (TSX: WFI) was founded in 1983, the company is headquartered in Fort Wayne, Ind.

For additional information, please visit www.waterfurnace.com.

WaterFurnace Announces Geothermal Homeowners Stimulus Event

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