Your old appliance is worth more than you thought
by Kristin ArrigoJust like your old car, your old appliance is worth an additional bonus check from the government if you relinquish it during the cash for appliance bonanza!
There will be anywhere from 50 up to 200 dollars given to you for your old appliance when you purchase a new one that has the EPA’s issued Energy Star sticker. The sticker was developed by the EPA to indicate an appliance has met the new standards for energy savings. Which means savings for you as well in your home energy bill. In addition to saving us all money, global warming caused by emissions from less efficient appliances is hoped to be greatly reduced. The larger the scale of participants, yes, this means you, the greater the benefit to the earth.
If you’re confident in your old appliance, and aren’t sure you need a new appliance, one thing to consider is that if that appliance is fifteen years old or older the EPA recommends replacing it. Other tips for getting more savings and less impact on the environment out of an appliance include choosing a refrigerator with a top freezer instead of the side by side model. Also, choosing a washing machine that is front loading, versus top loading, is found to be more energy efficient as well.
Each state is allocated funds and has up to February 17, 2012 to apply the incentive. Check out your state and local government web-sites for when the rebate will be in effect for your state. Your local appliance dealer should have this information as well. It is still not indicated whether or not rebates can be applied retroactively, so stay on the look out and you might end up with extra Holiday spending money.
Photo by wackystuff.