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Cash For Appliances: Everything You Need To Know

If you missed your chance to get cash for your clunker, you may soon have another shot at getting government money for going green. Just step out of the garage and into the kitchen.

This year’s stimulus bill funded a $300 million program that will offer rebates of varying amounts – possibly up to $200 – to buyers of energy-efficient appliances and other products that carry the “Energy Star” label.

The rebate programs are being run by the states, and the details are still being worked out. But unlike Cash for Clunkers, you probably won’t have to drag your old stove into the store to get money for a new one.

Here are some questions about the rebates.

Q: What is this program, and why haven’t I heard much about it yet?

Q: When will this start?

Plans for the programs – including which products qualify and how much the rebates will be worth – are due back to the federal government by Oct. 15. The Department of Energy estimates that the full $300 million will be awarded by the end of November, and consumers should start to see the rebate programs in stores later this year or early next year.

“It will really just depend on how complex the state’s program is and the infrastructure they have to put in place,” Stutsman said.

Q: How much money is being awarded to each state?

Q: What will the average rebate look like?

Q: Is this a new idea?

Q: What’s the thinking behind the program?

Q: Aren’t most of the manufacturers of these products overseas? How will this help America?

Q: How do I know which products qualify for the program?

Read entire article and find answers here: http://www.huffingtonpost.com/2009/08/26/meltdown-101-government-c_n_269633.html

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