NYS Appliance Rebate/Stimulus Plan

February 15, 2010 9:14pm by Barry Ritholtz

We walked into a local appliance chain (PC Richards) today to see how well the appliance rebate was going.

These rebates are being funded with $300 million from the American Recovery and Reinvestment Act of 2009. NYS got a total of $15 million for this, and as of Monday afternoon, $13 million was spent. $75 for anoy of a list of appliances, $500 if you took a bundle of 3 (Fridge, Washer, and Dishwasher).

It wasn’t the state rebate that got me to part with some money, but the price drops that the store was offering.

Any thoughts on this ? A worthwhile usage of tax dollars, or a waste of money ?

See also:
New York’s Great Appliance Swapout! – February 12th – 21st Only!
http://www.nyapplianceswapout.com/programdetails.aspx

State Energy Efficient Appliance Rebate Program
http://www.nyserda.org/Economicrecovery/appliance.asp

Rebates for ENERGY STAR Appliances
http://www.energysavers.gov/financial/70020.html

Energy Efficiency Appliance Rebate Program
http://www.recovery.ny.gov/Handbook/InfrastructureEnergy8.htm

Under the approved plan, customers purchasing appliances would qualify for a rebate of $75 ($105 with documented recycling) for ENERGY STAR qualified refrigerators, $75 ($100 with documented recycling) for clothes washers and $50 ($75 with documented recycling) for freezers. Rebates are available for dishwashers when they are purchased as part of a three-appliance package (refrigerator, dishwasher, clothes washer), which may qualify for a $500 rebate ($555 with documented recycling).

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