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How is the $320 per year in savings calculated for the GE Hybrid?

calculated GE hybrid savings year
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How is the $320 per year in savings calculated for the GE Hybrid?

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Savings, Rebates & Tax Incentives Save $320 per year in energy costs.* Let the savings begin! GE’s Hybrid electric heat pump water heater can reduce water heating operating costs up to 62% and save the average household $320 per year on their electricity bills compared to a standard electric hot water heater. That means, over a 10-year period, these savings can add up to $3,200 for the average household.

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