Cash for Refrigerators | Cash for Appliances
After the success of Cash for Clunkers, the Energy Department now launches another economic Stimulus plan, this time no more trade for those old appliances, Cash for Refrigerators, getting instant rebate on your next purchase of new energy efficient models, particularly Energy Star-certified machines. Well, not just refrigerators but other household appliances as well like washing machines, and dishwashers. Cash for Appliances, this new program is patterned to the Cash for Clunkers but this has a smaller budget at $300 million. This program authorizes rebates of $50 to $200 for purchases of high-efficiency household appliances. Would the $300 million be enough to save those appliance companies badly hit by the recession? Would this lift Whirlpool and Electrolux back to life?
According to Steven Chu, Energy Secretary; These rebates will help families make the transition to more efficient appliances, making purchases that will directly stimulate the economy.
Check out the benefits of having an Energy Star-certified refrigerator (this is just for starters, there are different benefits for each appliance…) as outlined in the energy-star website:
Slash your energy bills:
ENERGY STAR qualified refrigerators are required by the U.S. Department of Energy to use 20% less energy than models not labeled with the ENERGY STAR logo. Choose a new qualified model rather than a non-qualified model and cut your energy bills by $165 over the lifetime of your fridge.
Replace your old fridge for bigger savings:
If you still have a fridge from the 1980s, replace it with an ENERGY STAR qualified model and save over $100 each year on your utility bills. Replace a fridge from the 1970s and save nearly $200 each year! Use the ENERGY STAR Savings Calculator to find out exactly how much money you’ll save by replacing your existing refrigerator.
Get the latest features:
You can find the ENERGY STAR label on the most advanced refrigerators in a variety of designs, including French-door, side-by-side, bottom-mount freezer, and top-mount freezer. Many ENERGY STAR qualified refrigerators use innovative drawer designs and improved temperature controls to keep your food fresher, longer.
Protect the environment:
Nearly 70% of U.S. electricity is generated with coal and natural gas, which release greenhouse gasses into the atmosphere and contribute to global warming. ENERGY STAR qualified refrigerators use less energy and help us reduce our impact on the environment.
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