Cash For Clunkers Appliances
- Cash for Clunkers for appliances will be hitting your state by fall 2009. The Cash for Appliances program (also referred to as "Cash for Refrigerators") is part of the economic stimulus plan similar to the popular Cash for Clunkers vehicle trade-in program. The Cash for Appliances program will be implemented this fall to give consumers rebates of $50 to $200 when they purchase new energy-efficient appliances. Qualifying household appliances include refrigerators, washing machines, dishwashers, furnaces, and air conditioners that carry an Energy Star seal. 1
$300 million in funding will be allocated for the Cash for Appliances program. The allocation of funds will be based on each state's population, which will give California the largest share of the stimulus money.2
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Rebates on Energy Star Appliances
The Cash for Appliances program will help to stimulate consumer spending and lessen the nation's energy use. Each state has until October 15, 2009 to submit their plan to the Department of Energy for a program that would give consumers a rebate on the purchase of energy-efficient appliances such as refrigerators, washing machines, dishwashers, air conditioners, and furnaces.3The states will submit a plan to the Department of Energy specifying which Energy Star appliances to include in their programs, how much of a rebate each appliance category will receive, how the rebates will be processed, and their plan for recycling old appliances.2
Under the Cash for Appliances program, consumers could receive up to $200 towards the purchase of an energy-efficient appliance. The program is designed to improve household energy efficiency and stimulate the economy by boosting appliance sales. To qualify for the Cash for Appliances rebate program, consumers are required to purchase an appliance with an Energy Star seal and will receive up to $200 off the purchase price. And unlike the Cash for Clunkers program, consumers will not have to trade in their old appliance to get the rebate.4 The Cash for Appliances economic stimulus program (aka "Cash for Refrigerators") will be capped at $300 million taxpayer dollars.
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