Thursday, July 16, 2009

Colorado Getting $4.7M from Stimulus for Appliance Rebates

Colorado will get $4,739,253 in federal stimulus funds for a rebate program to promote the purchase of energy-efficient appliances.

The money -- to be distributed through the state -- will be paid to those who buy appliances rated under the federal "Energy Star" program, according to a joint announcement from Colorado's two U.S. senators, Mark Udall and Michael Bennet.

"The state will determine how to structure the rebate program," the senators' announcement said.

The appliance rebate program was authorized by Congress in 2005 but was not funded. The stimulus program -- formally known as the American Recovery and Reinvestment Act of 2009 -- appropriated $300 million for the program.

Colorado and other states must tell federal officials by Oct. 15 how they plan to distribute the rebates in their own states, including which appliances will be covered, how large the rebates will be and how old appliances will be recycled. The states' initial application for the money is due Aug. 15.

(Source: denvernews@bizjournals.com)

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