Interesting, Consumer Reports is reporting about a program that could let you update that energy inefficient home appliance with a federally funded refund, much like the recent Cash for Clunkers car program...
As a part of the American Recovery and Reinvestment Act of 2009, the Obama administration is encouraging the purchase of energy-efficient appliances through a $300 million appliance-rebate program that will soon dole out amounts that could reach $200 per appliance if you buy Energy Star-qualified models. Appliances that qualify for Energy Star use roughly 10 to 25 percent less energy than the maximum allowed for that category by the U.S. Department of Energy, which runs Energy Star with the U.S. Environmental Protection Agency. (Watch the video here on our latest tests of water- and energy-efficient dishwashers at right.)
And no worries about hauling that huge refrigerator, the program does not require participants to hand over their old appliance to receive the refund. We're not sure if stoves would be eligible, but energy sucking appliances like dishwashers, refrigerators, air conditioners and washing machines will certainly be central to the program. Our state already provides for Energy Star compliance, so receiving a check from both federal and state would be great incentive for many households to ditch the energy sucking hogs in our homes for something more modern and efficient.
Check out the details over at Cash for clunkers moves to appliances. Money back for your old Kelvinator?.