Wednesday, February 2, 2011

Cash for appliance program has almost run its course

Fourteen months after launching with $300 million in funding, the Department of Energy's State Energy Efficient Appliance Rebate Program?better known as the cash for appliances program?is down to just over $19 million in 10 states and the District of Columbia. Part of the Recovery Act of 2009, the program allocated roughly $1 for each resident of the U.S. and divided it up state by state. By law, states must exhaust all the funding by December 31 of this year, and most already have. With over $6.32 million to be claimed, Texas has more remaining than other states but it's going fast. Colorado is down to $125,000, and North Dakota to only $15,000. Here's the rebate rundown: Alaska: $536,330 (limited to disabled residents) Colorado: $125,375 District of Columbia: $585,594 Maine: $1.13 million New Hampshire: $500,000: (rebates on solar thermal systems only) New Jersey: $1.60 million North Dakota: $15,000 (rebates on refrigerators only) Oregon: $2.2 million (limited to lower-income residents) Tennessee: $3.48 million Texas: $6.32 million Virginia: $2.76 million Seven other states are accepting waiting-list applications. California, which closed its program in late December, is validating $37.6 million in requests and may reopen its waiting list if too many applications are denied. Fortunately, many gas and electric companies are offering incentives to consumers who buy energy-efficient appliances and heating equipment. The Energystar.gov site?s rebate locator and Database of State Incentives for Renewables and Efficiency list more state and municipal programs. These can offset both the end of cash for appliance programs and the lower federal tax credits for energy-efficient improvements that took effect this year. ?Gian Trotta

Source: http://blogs.consumerreports.org/home/2011/01/cash-for-appliances-only-10-states-still-have-active-programs.html

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