Now that Cash for Clunkers is disappearing in the rear-view mirror, it's time to gear up for…Cash for Appliances?!
The federal government is readying money for states to set up their own appliance purchase program. The stated goal of the program is to replace energy-guzzling appliances with Energy Star products. But the ulterior motive is to help the appliance industry after it fell apart with the housing market.
Some of the items that will likely be covered include air conditioning units, water heaters, fridges, dishwashers, washing machines and dryers.
But beyond that, it will be up to the individual states to set the parameters of the program. Expect a lot of variance by state.
See a state-by-state list of the rebates here. The money should be ready in time for Christmas appliance shopping. "Hey, honey, I got you this new washer for Christmas!" Not exactly a way to win brownie points with the spouse.
The truly odd thing about the program is that you won't have to trade in your old appliance to get the deal on a new one.
One final word of advice: Don't take your old fridge and use it in your garage or basement. It's likely to be an energy beast. Just scrap it once you have a new one.
