Cash For Appliances

Cash for Appliances is expected to hit the market hard, but in a good way, just as the Cash for Clunkers program did. Now that the clunkers program is over, 690,000 American’s are driving around in brand new cars thanks to the $4,500 voucher. Under the Economic Stimulus Package, $300 million is going to each state as well as incentives to boost the Cash for Appliances program.

A few posts ago we talked about this program, and said that we’d keep you updated. Well, here are some updates. The Cash for Appliances program has spurred states to start programs of their own where your city will come and pick up old, but working, appliances and offer you another small rebate. All together, you could be looking at getting $250 back in rebates. When you consider the fact that you will save even more than that each year in your power bill, how can you say no to getting some new energy efficient appliances? They will pay for themselves within two years.

On top of the new Cash for Appliances program, many states think that this will boost revenue and create some new jobs for appliance pickups.

In Michigan, where 2008 energy legislation required utilities to cut electricity production by 5% a year, the program is exceeding expectations.

DTE Energy, parent company of Detroit Edison which serves 2.2 million electric customers in Detroit and its suburbs, collected more than 3,300 appliances since starting the recycling program at the end of June. It offers $50 per refrigerator or freezer and $20 for old window air-conditioner units.

"Today's appliances consume three times less than old appliances," says Steven Kurmas, president of Detroit Edison. "We're hoping to get rid of 30,000 by 2011." (USA Today)

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