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‘Cash for Appliances’ program

February 12, 2010 at 9:30 PM 1 comment

Cash for Appliance

A government program that gives consumers rebates on purchases of energy-efficient household appliances is ramping up in states across the country.

The $300 million ‘Cash for Appliances’ program, first announced last year, is funded by the government’s American Recovery and Reinvestment Act and is similar to other federal programs like Cash for Caulkers and Cash for Clunkers.

 Under the program, consumers are eligible to receive rebates on new, energy-efficient appliances such as refrigerators or washing machines. The rebates vary by state, type of appliance, and level of efficiency.

Rebates are only available on appliances with the Energy Star logo, which meet the energy efficiency guidelines set by the Environmental Protection Agency and Department of Energy.

The goal of Cash for Appliances is to help American’s conserve energy, while also boosting retail sales and ultimately helping spur the economic recovery.

In New York, where the program went into effect Friday, rebates range from $75 to $105 on refrigerators, freezers and clothes washers. The rebates can be as high as $555 for bundled purchases of all three appliances.

“This program will provide a tremendous incentive for consumers all across New York to reduce their energy consumption while providing an important stimulus to our economy,” New York Gov. David Paterson said in a statement.

0:00 /3:48Preparing for ‘Cash for Caulkers’

Georgia, which also launched its program Friday, is offering consumers rebates of up to $199 on items such as air-source heat pumps, solar-powered water heaters and gas boilers.

California received the most funding, with $35.3 million. The state already has incentives in place of energy-efficient appliances, but will begin offering additional rebates under the federal program in April.

West Virginia received the second largest amount

Source: CNN Money.

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