Cash for Appliances Rebate

Posted by MoneySavvy on Jun 24th, 2010 | no comments home title

Conserving energy is a major concern in today’s society. It is such a big issue that the federal government is offering a state-run rebate to consumers who purchase energy efficient appliances.

Not all appliances will qualify for the rebate and your rebate amount is contingent upon many factors. Each state has different requirements and appliances that are qualified, so be sure to check with your state’s energy department to find out which appliances will qualify you for the best rebate.

The program is designed to push consumers toward products that conserve more energy and lower the levels of pollution. The federal government has allowed each state to determine their own conditions and qualifying appliances. In addition, each state has a designated start and end date for the 2010 program, with the end date usually occurring when the state runs out of funds for the program.

To qualify for a rebate, all a consumer has to do is purchase a qualifying appliance. All appliances, to qualify, must be of Energy Star rated appliances. In most states, trade-ins are required to qualify for the rebate.

To get the rebate, proof must be shown that the old appliance was hauled away. Among the top qualifying appliances are heating and cooling appliances such as refrigerators and freezers, along with washer and dryer units. However, the qualifications vary based upon the state in which you reside; to view a list of qualifying appliances as well as qualifying purchase dates in your state visit www.energysavers.gov.

The rebate program was created in the hope that consumers will spend money and help to stimulate the economy out of the recession. The amount of the rebate depends on the price of the appliance. However, most rebates will likely be between $50-$300 per appliance. In addition, some hardware stores such as Lowe’s are offering savings on top of the rebate as well, to further entice customers to shop in their stores.

Cash for appliances is similar to the cash for clunkers rebate program created by the federal government. The federal government has given the states the reins in terms of setting the conditions and the qualifying appliances depending upon the state’s needs. The government hopes that the rebate will encourage spending and speed up the economic recovery as well as conserve energy and lower pollution.

The cash for appliances is valid in 2010 until state funds run out.