Denison, TX -- we all remember cash for clunkers, well get ready for "Cash for Appliances." It is a government rebate program that rewards customers for buying energy-efficient appliances. As Deeda Payton reports, all the kinks haven't been worked out just yet, but local dealers are optimistic about the program.
Do you want to update your kitchen? "That's $2,699?." But don't have the money to do it? "I can't afford that."
A federal "Cash for Appliances" program offering rebates on purchases on certified energy-efficient home appliances may soon be able to help. "From what we understand, you're looking at, 50-200 dollars a piece that's Energy Star qualified so depending on what they're looking at, a whole kitchen, it can be significant so."
Backed by an initial 300-million-dollars in government stimulus funding, the state-run rebate program is intended to help make American homes more energy-efficient while stimulating the economy. "It has been kind of tough so anything to get people to come and look. It's going benefit us it's going to benefit them and savings involved as well."
Since it is state-run, Texas and Oklahoma have until October 15th to select which Energy Star qualified home appliances to include and the rebate amounts. The rebates will be given to the states by November 30th. "You know some people need things right now and it'll get them out there to look. Maybe some people may not need it, but they want to look into energy saving idea cause of these rebates."
"I'm looking for a double-oven, a cook top and refrigerator." But there are still some unanswered questions. "Will you really get the rebate?"
It is unclear at this point whether the rebate will be instant or similar to a manufacturer's rebate where it is up to the customer to send in a rebate form. The states have about three weeks to work out those details.
The cash for appliances rebates could be available in stores just in time for holiday shopping.
Deeda Payton, KTEN News.
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