Update1: Appliance Rebates Coming Soon
(hat tip: Fundmastery)
Update1: Despite the fact that the premise behind the Cash for Clunkers (C4C) auto program has been criticized as “crackpot economics,” the strategy of replacing (and in some cases destroying) older goods with more energy-efficient products has been a hit with consumers, and several other industries are taking note (whether it’s a good or bad thing is certainly up for debate).
Earlier this month we reported that the C4C theme made it’s way to the world of old refrigerators (see original post below). Like many other products, appliance sales have suffered during the economic downturn. In a combined effort to spur sales and to create a more energy-efficient society, the Energy Department has allocated $300 million from the Federal stimulus package for states to develop their own appliance rebate initiative.
