The daffodils are early this year, and so are the rebate incentives on major appliances.
If your household is in the market for new refrigerator or clothes washer, do not delay in taking advantage of this rebate! The rebate program is available for six weeks only starting Monday.
With only $3.5 million available state-wide on a first-come, first-served basis, the program will benefit between 10,000 and 12,000 households.
If you have a $100 monthly electric bill, a new eligible refrigerator can save you $50 a year in electricity costs. Add that avoided cost for year 1 to the rebate and you get $400 back in the first year.
“Eligible” in this case means a fridge or clothes washer that meets High Efficiency Tier 2 or 3 standards defined by the Consortium for Energy Efficiency.
These standards identify appliances that deliver 10-20% more energy savings for clothes washers and 5-10% more energy savings for refrigerators over older models.
New York is devoting $3.5 million dollars to this program. The funds for the Buy Green Save Green rebate program come from your federal tax dollars at work. Under the U.S. Department of Energy's State Energy Program (SEP), via the 2009 Recovery Act (aka ARRA, or stimulus program), funds flow to the states for appliance efficiency incentives that each state then tailors to its residents’ needs.
Applications will be accepted starting March 19, 2012. To qualify, your eligible appliance(s) must be purchased on or after March 19, 2012 and before the date available funding runs out (or April 30, 2012, whichever comes first).
Before you can fill out the rebate application form, you must first purchase your High Efficiency CEE Tier 2 or 3 appliance(s). The application form is available here: www.nysappliancerebates.com