October 24, 2014

$300 Million? When Will the Rebates Start?

Our article about the government’s $300 million dollar rebate program which is part of Obama’s economic stimulus package hasn’t begun and consumers across the nation are wondering if it is ever going to happen.

Unlike the $3 billion clunkers rebate blitzkrieg that boosted new-vehicle sales last summer, this program has proceeded more slowly and is aimed at longer-term household investments. It’s also being run differently, with each state deciding what kind of equipment will qualify for rebates.

The federal Department of Energy said last summer that only residential appliances that carry the Energy Star designation would qualify for a rebate. It suggested that rebates could be applied to water heaters, refrigerators, central air conditioners and other big-ticket appliances.

After talking with several people familiar with the program, it now appears details will be released by the end of the year on exactly the types of equipment each state will include in its rebate program as well as the amount of the rebates.

If you can’t wait for your state to start its program, you might want to look into the possibility of getting a Federal tax credit by visiting the government’s energysavers.gov.

Whirlpool gets US Grant for Smart Appliances

Whirlpool has announced that it is the recipient of stimulus funds as part of the U.S. Department of Energy’s (DOE) Smart Grid Investment Grant program.

The grant of $19.3 million over a two year period – which Whirlpool will match with its own investments – will help the company accelerate its work to deliver to consumers smart appliances that can connect with the smart grid. For example, the company recently announced that in 2011 it would deliver one million U.S. manufactured smart dryers capable of reacting intelligently to signals from the smart grid by modifying their energy consumption to save consumers money on their home electric bills. In markets where utilities offer variable or time-of-use pricing, these dryers could save a typical consumer $20 to $40 per year, while also benefitting the environment.

“The grants announced today are a great example of public and private partnerships that will create the next generation of energy saving solutions,” said Mike Todman, president, Whirlpool Corporation North America. “Smart appliances combined with time of use pricing offer consumers the greatest ability to save money on energy costs while benefiting the environment.”

In addition, the funds will complement the company’s commitment that by 2015 all of the electronically controlled appliances it produces – everywhere in the world – will be capable of receiving and responding to signals from the smart grid. This commitment is dependent on two important public-private partnerships: the development by the end of 2010 of an open, global standard for transmitting signals to and receiving signals from a home appliance; and appropriate policies that reward consumers, manufacturers and utilities for using and adding these new peak demand reduction capabilities.