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      Tier One Real Estate
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  <p id="description">Welcome to my Salt Lake City Real Estate Blog.
Check out <a href="http://tieronere.com">www.TierOneRE.com</a> for more great info!

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     <h2 class="date-header">Sunday, 03 January 2010</h2>
      
   <div class="post"><a name=18></a>
    <h3 class="post-title">Cash For Clunker Appliances</h3>
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      <p><p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">At about 3 o'clock New Years Eve afternoon, going into a
long three-day weekend, our home furnace died. Luckily I found a repairman
willing to make a quick temporary fix to get us through the long weekend, we're
now faced with the decision to band aid the thing or replace it entirely. I've
been aware Utah was given money from the federal government for replacing old
appliances, did some research and came across this article by Lois M. Collins in
the Deseret News summing up the program details:<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Utah consumers will soon be able to get rebates for
replacing energy-hog appliances as part of the federal stimulus program. State energy
officials are in the process of hiring a contractor to administer the program,
expected to start around mid-February.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">In July, Congress announced its $300 million State Energy
Efficient Appliance Rebate Program, the equivalent of a "cash for clunky appliances"
program. Utah's share will be $2.6 million and change, paid in the form of
rebates for the purchase of new appliances like washers and refrigerators. An
energy-efficient washer can save a consumer as much as 40 percent in utility
costs, according to Rocky Mountain Power.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">How much a new appliance will yield in rebates is still
undecided, said Jason Berry, manager of the Utah State Energy Program, which
will oversee the rebate efforts. But they're likely to be similar to rebates
offered by Rocky Mountain Power and Questar, he said, with one exception: While
those programs pay a flat amount for a qualifying appliance, this rebate will
probably pay more for higher-performance products, which tend to be more
expensive. There are degrees of efficiency within Energy Star-rated appliances,
he said, and the state wants to give an incentive to get the best product, even
if it costs a little more.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">The stimulus rebates also can be paired with other rebates
to boost savings, but they are not retroactive. If consumers have to replace an
appliance before the details are worked out and the program formally opened,
they'll get no stimulus rebate.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">And it's a limited pot of money, distributed first-come,
first-served, Berry said.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Consumers won't have to guess, though, about what qualifies.
The state plans to create a list of acceptable products and how much the
rebates are.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Some states have already kicked off their version of the
program, and there is great variation. Some have required that the transaction
include having the old appliance hauled away. Some also offer the rebate not on
the basis of a purchase, but solely on the fact that the purchase is taking an
older, inefficient appliance out of commission.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Utah plans to include the recycling of old appliances,
particularly refrigerators, freezers and air conditioners as a condition of the
rebate.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">People who want to learn more can go online to <a href="http://geology.utah.gov/">geology.utah.gov</a> or can e-mail <a href="mailto:energyappliancerebate@Utah.gov">energyappliancerebate@Utah.gov</a>
to get on the mailing list for updates.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">I'm not sure our furnace will last until the bureaucracy is straightened
out or if it will even be included in the program. I've signed up for updates
and will note any as I receive them. <o:p></o:p></span></p>

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   	    <p class="post-footer">
      <em>Andrew Edwards @ 16:39 PM</em>
        		  			<a href="/cgi/user.cgi?urlname=tieronere&inreplyto=18&cmd_blog_comment=Comment" class="comment-link">Add Comment</a>
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		  <dd class="profile-data"><strong>Name:  :</strong> Andrew Edwards</dd>
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		<p class="profile-textblock">I started investing in Real Estate over 10 years ago.  In that time we transacted millions of dollars worth of real estate. When we recognized a need for specialized agent training we started <a href="http://www.tieronere.com/">Tier One Real Estate,</a> where I am the Principal Broker. We specialize in unique investing strategies, distressed property, 1031 exchanges, property management and residential real estate.
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