AHAM Lauds Success of "Cash For Appliances"
The Association of Home Appliance Manufacturers (AHAM) said Tuesday that State Energy Efficient Appliance Rebate Programs (SEEARP), better known as "Cash For Appliances," has been successful in "delivering the promised benefits of stimulating economic activity."
The manufacturers pointed out that April factory shipments of major hope appliances jumped 20 percent, while year-to-date shipments of core appliances have risen 9.1 percent, even after four years of declines.
"The state rebate programs, also known as ‘Cash for Appliances,’ have had a measurable, positive impact on the appliance industry," AHAM's president, Joseph McGuire, said in a statement. "People who were sitting on the fence deciding whether to repair or replace their appliance were offered a compelling incentive to purchase a new energy efficient product. Not only did the rebate serve as an initial discount on the product, but the new product will offer consumers years of energy and utility savings."