The 2010 plan to encourage energy efficiency is the government rebate for appliance buyers. The plan lets people swap their old appliances for new energy-efficient models at very low prices.
Here are some things to keep in mind:
State plans vary.
For NJ:
Incentive Type: State Rebate Program
State: NJ
Eligible Efficiency Technologies: Clothes Washers, Dehumidifers, Lighting, Air Conditioners.
Applicable Sectors: General Public/Consumer
Rebate Amount: Clothes Washers: $75
Dehumidifers: $25
Room A/C: $20
Equipment Requirements: Purchased generally must be Energy Star qualified; other requirements may vary by product type.
Measures must be installed in NJ.
Total Program Budget: $25.3 million and will expire when funding is depleted.
Is it really a deal?
It may not be worth replacing appliances that are fewer than 7 years old, but older models can represent a real deal. Joe McGuire, president of the Association of Home Appliance Manufacturers, says a 20-year-old refrigerator uses three times as much power as a new Energy Star-approved model.
Buy now before it ends
There is a limited amount of funding available (as mentioned above), it is expected to run out fast.
If you are thinking about replacing an appliance now is the time to do it!
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