Let Uncle Sam Help Buy Your Next Air Conditioner or Fridge

Let Uncle Sam Help Buy Your Next Air Conditioner or Fridge

Spruce up your home, save money, and help the environment all at the same time. As part of the American Recovery and Reinvestment Act, passed to stimulate the economy, Uncle Sam is encouraging the purchase of energy-efficient appliances like never before. Quite simply, the government will send you money for buying an Energy Star appliance.

Nearly $300 Million Being Distributed For Consumer Rebates.

Programs vary by state, but most cover refrigerators, freezers, clothes washers, dish washers, and air conditioners. Most offer rebates anywhere from $75 to $150 to 15% of the appliance's purchase price. In many states, you can receive even higher rebates if you purchase appliances that are more efficient than Energy Star.

Energy Savings Rebates Underway In Most States.

In most states, programs are underway or about to begin. Check to see if your state is participating (the link includes start dates for the program). Our apologies go out to those in Kansas, where the program has been closed.

If You're Remodeling, Now's The Time.

The stimulus bill might make it worth your while to remodel now, by giving you tax credits for improving your insulation, getting tighter windows, or a new heating, cooling, or water heating system. The tax credits are worth 30% of the product’s cost, up to $1,500. For truly earth-friendly items such as solar panels and geothermal heating, there is no upper limit.

---

Minda is vice president of The American Society of Journalists and Authors and co-author of The Geek Gap.

Learnvest

Financial planning made simple.

Get your free financial assessment.

Related Tags

Get the latest in your inbox.

Subscription failed!

You're Now Subscribed!