DNN Daily News Network

Under-reported news! We scour the news so you don't have to!

(READ): Next Clunkers You Can Cash In On? Appliances…

leave a comment »

Source: Newser.com

appliances(Newser Summary) – If you missed out on cashing in on that clunker in your driveway, your next chance may be no farther than the kitchen, USA Today reports. Stimulus funds that will give consumers rebates as high as $200 for replacing old, inefficient appliances with newer models are due to start flowing Oct. 15. Utilities in many states also offer rebates to customers who’ll recycle old refrigerators and freezers.

The $300 million program has multiple benefits: Consumers will see lower electric bills in addition to whatever they qualify for in rebates; retiring inefficient appliances will leave more power in the grid; manufacturers and retailers look likely to see the kind of boom that accompanied the cash-for-clunkers vehicle program; and old appliances that are often “environmental time bombs” will be disposed of safely or recycled.

W. McCahill

Written by dnnnewshound

August 25, 2009 at 10:51 pm

Posted in Economics

Tagged with

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: