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Energy-conscious Consumers Could Save Big with Rebates, Tax Credits

Last Updated: March 22, 2010

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The American Recovery and Reinvestment Act provided funds to states for an appliance program similar to last year’s "Cash for Clunkers" program. Some energy-saving products and home improvements qualify for tax credits on 2009 and 2010 returns.

Released March 19, 2010

LITTLE ROCK, Ark. - Rebates, tax credits and energy-saving labels can help consumers save money on new appliances this year, said Laura Connerly, family resource management instructor for the University of Arkansas Division of Agriculture.

Consumers may qualify for a rebate when replacing an old appliance, she said. Those can go a long way towards a new refrigerator or hot water heater.

Check to make sure the new appliance has an Energy Star® label. These appliances meet criteria established by the U.S. Department of Energy and the U.S. Environmental Protection Agency, and use 10 percent to 50 percent less energy and/or water than standard appliances. Less energy or water used means more money saved.


continued on University of Arkansas Cooperative Extension news

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