The Government’s $300 million ‘Cash for Appliances’ program first introduced through the American Recovery and Reinvestment Act has started to go into effect in some states. According to CNN Money.com, it will allow taxpayers to receive rebates for purchasing qualifying energy efficient appliances. The program was designed to act similarly to the recently successful Cash for Caulkers and Cash for Clunkers incentives from last year.
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.
