The appliance rebate still does not have a slogan that has stuck like the popular “Cash for Clunkers” slogan used during the automobile rebate this year. However, there is similar early buzz on the benefits of such a program for consumers as well as retailers. Maybe a slogan like “Cash for Appliances” will be the standard once the state plans for distributing rebates are approved by the U.S. Department of Energy.
October 15th is the deadline for the states to have their plans completed and given to the U.S. Department of Energy. The release of the rebates was originally set for the end of this year, but states needed more time to construct a plan. The plans will likely correlate with energy conservation plans of states as encourage by the Dept. of Energy.
Appliance manufacturer sales like all industries during the recession have been down due to more consumer savvy buyers who are purchasing for emergencies only. The rebate plan for appliances is expected to spark sales in a similar fashion as the rebates did for automobiles, in addition to promoting the reduction of energy consumption by replacing old appliances with energy saving appliances. The rebate can be expected to range from $50 to $200 for individual appliances.
While you wait for the appliance rebate program: