Latest Clunkers Program Provides Path to a Greener Fridge, Appliance Sales Boost
Can federal stimulus dollars deliver a one-two punch of ratcheting up energy efficiency in U.S. households and provide an economic shot-in-the-arm to country’s appliance industry? It seemed to work for the auto industry. So why not apply the basic concept of cash for clunkers to your old fridge and dishwasher? The American Recovery and Reinvestment Act provided $300 million in funding for state-run rebate programs that will give consumers up to $200 who buy energy efficient appliances that carry the Energy Star label. The appliance rebate program is technically not new. It was included in the Energy Policy Act of 2005, but was never funded. It wasn’t until the recovery act that money was appropriated for the program. The deadline for states to apply…
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