GRAND JUNCTION, Colo. (KKCO) - You’ve heard of cash for clunkers. Now the government wants to do a similar program with appliances. It would help families transition to more energy efficient appliances and could take effect in Colorado as early as November 30th.
In a time when many are struggling, the U.S. government is trying to off set expenses with rebates and cash incentives to get the economies' blood running again.
"Cash for Clunkers was a huge success for us. It did help move a lot of inventory that had been stagnant for a while,” says Seth Rosa, Sales Manager at Ed Bozarth Chevrolet.
Seth Rosa Sales Manager at ED Bozarth Chevrolet says so far he hasn't seen any downfalls from the cash for clunkers program.
“Absolutely there were a lot of people who came in to buy cars that maybe would have only gotten 1,000 dollars for their trade and were getting 35 or 45 hundred dollars. so that definitely brought them down to purchasing their vehicle,” says Rosa.
And although the cash for clunkers program didn't create any jobs for the Chevrolet dealer, it helped existing workers keep their jobs.
“It helped a lot of the sales people maintain their normal income,” says Rosa.
Cash for clunkers was a huge success for dealerships. the government program boosted sales and attracted consumers who normally wouldn't have thought of purchasing a car. Now the big question is will cash for appliances have the same effect?
Sears store manager Jeff Long is optimistic about the new incentive.
“Obviously, we're hoping for a boost,” says Long.
Cash for Appliances is a part of the 787 billion dollar stimulus program that was signed by President Barrack Obama in February of 2009.
But this time around, state governments will be in control of defining the program for their state.
“Colorado has received 4.7 million dollars towards the cash for appliances program,” says Long.
The program will offer rebates to consumers who buy energy efficient appliances to replace their old inefficient models. Anyone qualifies and you don't even have to have old appliance to receive the rebate, just be in the market to buy.
“I really think that anytime you can save money through a more energy efficient appliances on top of coupling that with a rebate between 50 and 250 dollars definitely adds to the buying decision,” says Long.
As of now specifics of the program for Colorado have not been released.
For Sears their Christmas wish is for cash for appliances to go into affect as soon as possible.
“We really think it will help us out in the long run,” says Long.
Sears says the store is always looking for qualified workers and they hope that with the help of cash for appliances, it will produce enough sales to create more jobs.