Cash for Appliances – Economic Stimulus Program

Go Green and Get Money Back by Replacing Old Appliances

Sep 22, 2009 Katrena Wells

Thinking of upgrading an old appliance with a more energy efficient one? Learn about the "Cash for Appliances" program before purchasing!

The federal government wants Americans to purchase more energy efficient appliances, and they are willing to provide cash as an incentive. With an approximately $300 million budget supplied through the American Recovery and Reinvestment Act, the Department of Energy hopes to stimulate the economy as well as interest in energy efficient appliances. Consumers taking advantage of the “Cash for Appliances” program get $50 to $200 cash back when purchasing a qualifying appliance while saving on their power bill.

What Happens to the Old Appliances Replaced with Cash for Appliances?

Consumers do not have to pack up the old appliance and haul it to the store for a trade-in to qualify for a rebate like the recent “Cash for Clunkers” program. Many stores that sell appliances will deliver the new appliance and haul away the old one as well.

States must submit a plan to the Department of Energy detailing recycling plans for the old appliances. Check local landfills and recycling centers for specific guidelines regarding appliance recycling programs in a particular area. The Energy Star web site offers great tools to help readers find a recycling program, calculate how much old appliances are costing, teacher's resources, and more.

What Appliances Qualify for the Cash for Appliances Program?

Each state will choose residential appliances from among those the Environment Protection Agency (EPA) designates as energy-efficient through the Energy Star program. States will likely select eligible appliances and individual rebate amounts from the following preferred types:

Central air and/or room air conditioners
Heat pumps
Boilers
Furnaces
Clothes washers
Dishwashers, freezers
Refrigerators
Water heaters

When Will Rebates be Available in the Cash for Appliances Program?

Perhaps Americans may want to give the appliance that keeps on giving for Christmas in 2009 because states hope to have money in hand and ready for consumers by the end of November or early December. In a time when pink slips are commonplace, perhaps an energy efficient heat pump may be perfect on the Christmas list for those who are looking to save money. For those wanting to save even more, air conditioners may feature low rates when the thermostat is low. Just check that appliance twice to be sure that it qualifies for the rebate.

Cash for Appliances May Improve Economic Conditions

An American rebate program sure to get lots of attention, Obama's Cash for Appliances program may give a boost to the struggling economy and help clean up the environment. With rebate money scheduled to be available in November or December 2009, readers may wish to research qualifying Energy Star appliances now. Learn more about this program in Cash for Clunker Appliances – Save up to $200. Learn how to get maximum cash back in Extra Tax Credits Sweeten "Cash for Appliances.

The copyright of the article Cash for Appliances – Economic Stimulus Program in Personal Budgeting/Finance is owned by Katrena Wells. Permission to republish Cash for Appliances – Economic Stimulus Program in print or online must be granted by the author in writing.

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