The US stimulus bill recently signed into law by US President Barack Obama includes a $300 million provision to fund the Energy Efficient Appliance Rebate Program.
This program will be administered through the 50 US states and will provide financial incentive to encourage consumer spending and target it to energy savings through consumer rebates for the purchase of Energy Star appliances.
The consumer rebate will offset the cost differential between Energy Star and non–Energy Star appliances. These savings, coupled with the lifetime energy savings, would more than pay for the total investment in the new appliances.
“This is great news for consumers, and for Electrolux,” says Henrik Sundström, head of Electrolux Sustainability Affairs. “Electrolux creates energy-efficient appliances, which normally cost a little more. Providing consumers with incentive to go ahead and buy energy-smart applianeces makes good environmental sense and good business sense.”
“In fact,” says Sundström, “we are working to get similar incentives in all countries in Europe.”
Big savings in running costs and energy utilization
A consumer rebate program will result in dramatic savings for consumers. If every household in the U.S. replaced older appliances with energy-efficient products, more than $10 billion in utility costs would be saved per year.
In addition, the U.S. could save more than 82 billion kWh per year in energy.
“Replacing older, less efficient appliances with energy efficient ones is the best step a consumer can take to save money and energy.” says Sundström.
For more information please contact the Electrolux Press Hotline at +46 8 657 6507 or firstname.lastname@example.org
What is Energy Star?
Energy Star is a US government-backed program helping businesses and individuals protect the environment through superior energy efficiency.