With the "Cash for Clunkers" rebate program fading off, American's are looking to get subsidized for other purchases. Mainly their appliances. The U.S. Department of Energy has initiated plans for a rebate program for energy efficient appliances purchases.
With $300 million dollars ear marked for the program, Energy Secretary Steven Chu hopes that the program will not only help conserve energy, but also save people money on their monthly utility bills.
"These rebates will help families make the transition to move efficient appliances, making purchases that will directly stimulate the economy and create jobs," Chu said in a press release from the DOE.
The programs will be state ran this time, with each state having to follow a set application process. Included in the process is plans identifying the Energy Star appliances that will qualify for the rebate.
The DOE hopes to have most of the funding out to the states by the end of November.