by Liz Benson
First, there was Cash for Clunkers and the First Time Home Buyer Tax Credit, later expanded to all home buyers. But, what if you don’t need a new car or want to move? Now, you have another chance to get in on the economic stimulus money – rebates for buying a new (and more energy efficient) appliance. My kitchen is vintage 1980, so I have been planning on upgrading my appliances. Now, if I wait until March, I should have some extra money coming my way.
The Federal government is giving money to each state based on how many people live there – Colorado is getting over 4.7 million dollars – and each state has to submit a plan for how they will give out the money to residents who buy energy efficient appliances. The details are not out yet, but the state is expected to offer a mail-in rebate for qualifying purchases of Energy Star rated appliances, furnaces and water heaters. It will not be retro-active and when the money runs out, the rebates end. The Colorado rebate program is expected to begin in March. I just hope my fridge (which has been making some strange noises) makes it till then.
blog posted by elephant’s Realtor – Liz Benson