You've heard about the "Cash for Clunkers" auto program. Now apply that to your old energy-sucking household appliances.
Primed to launch this fall, the "Cash for Clunkers" appliance version will give consumers who replace their old model dishwashers, refrigerators, and washing machines with EnergyStar rated models as much as a $200 rebate per appliance, so claims the preliminary terms of the deal. The amount of the rebate is still being hashed out between the Feds and States, as is what to do with the discarded appliances. State offices are expected to release detailed plans for both by October 15.
This program seems like a double win for consumers, given that EnergyStar rated appliances use 10 to 25 percent less energy than conventional appliances, continuing to put money in your pocket each month. This is something we'll be following closely and let you know as more information becomes available. In the meantime, read this piece on energy-saving appliances.