In the coming months you may be eligible to receive rebates from your state or territory for the purchase of new ENERGY STAR-qualified appliances.The link to the Department of Energy's website announcing the program is here. A PDF of states with programs that have already been approved is here.
These rebates are being funded with $300 million from the American Recovery and Reinvestment Act of 2009. Under this program, eligible consumers can receive rebates to purchase new energy-efficient appliances when they replace used appliances.
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Each state and U.S. territory was allowed to design its own rebate program, and all 56 have submitted plans to the U.S. Department of Energy (DOE).
UPDATE (December 8, 2009):
And now "Cash for Caulkers"? Will this never end?
What else is there to stimulate? We've tried new & existing home-buying, home-energy retrofits, new autos, higher-education, and now appliances. I'm likely missing a few.
ReplyDeleteAre pacemakers and hearing aids to help keep all us serfs working the next offering? Is that what's behind the health care push :)
My loose-knit, half-crazed theory: after we get done stimulating ourselves right into a "worthless" currency, we'll pay off the deficit with depreciated $, re-build our export capabilities, and then the Fed & Treasury stand up and announce a new currency that will be gold-backed or bimetallically-backed - this assumes the world's largest pile of Treasury gold, un-audited in ~ 50 yrs, is still in Ft Knox. We'll then have export capabilities, low/no debt, and the world's only tethered currency. Viola - back on top!
~Sleepless
I see inflation running at 5-6% for 6 or 7 years to make the household and corporate debt burdens normalize. That would also likely drive PE ratios down to their bear market lows in the single digits.
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