VIRGINIA ROLLS OUT NEW CASH FOR CLUNKERS APPLIANCE VERSION

I found out today that the long awaited Federal program, cash for clunkers, the appliance version, or more formally known as the
energy-efficient appliance rebate program, will begin in the state of Virginia on April 28. This rebate program is federally funded, but being paid on the state level. All consumers should check with the state they reside in to find out the details of the offer, as they vary from state to state, including rebate amounts, time frame, etc. Each state has been allotted a certain amount of money in which to "rebate" their residents for qualified purchasers. When the allocated money is depleted, there will be no more rebates and the program ends. Before you buy, be sure to verify that your appliance choice qualifies for the rebate. You can check your state's energy department site. Also, you must have proof that the old appliance was recycled. The person that hauls away your old "clunker" should furnish you with a receipt.

The rebates are rather low; about $60 for a new refrigerator, ranging up to $300 for a new heat pump. For someone that genuinely needs to replace an appliance, this will be icing on the cake. However, in my opinion, I don't believe this will stir a buying frenzy.

Pat Underwood, Realtor
Licensed in VA
Long and Foster Realtors
540-330-8907
visit my website: www.PatUnderwood.com