Cash For Refrigerators

DEFINITION of 'Cash For Refrigerators'

A federal energy efficiency program introduced in the fall of 2009. Commonly referred to as cash for refrigerators, in reference to the cash for clunkers program that operated during the summer of 2009, the program offers U.S. customers a rebate of up to $200 when buying a new, energy efficient home appliance.

BREAKING DOWN 'Cash For Refrigerators'

The cash for refrigerators program was introduced on the heels of the controversial cash for clunkers subsidy which saw over 690,000 new vehicles purchased over the course of the program, totaling over $2.9 billion. The United States Congress set aside $300 million for the appliance energy efficiency program.

RELATED TERMS
  1. Clunker

    A popular reference to the old vehicle traded in under the U.S. ...
  2. Cash For Clunkers

    A program that allows car owners to trade in their old, less ...
  3. Cash For Caulkers

    The colloquial name for the United States' Home Star Energy Retrofit ...
  4. Rebate Option

    An offer to consumers for a cash discount on the purchase of ...
  5. Car Allowance Rebate System - CARS

    A U.S. government program under the Obama administration that ...
  6. Direct Purchase Program

    A direct purchase program is a method by which individuals can ...
Related Articles
  1. Markets

    The Power Of Program Trades

    Learn how programs make up a significant portion of the volume traded each day.
  2. Investing

    Reduce Tuition With A Work-Incentive Program

    Find out how to gain valuable work experience and cut the cost of your education.
  3. Markets

    Explaining Efficiency

    Efficiency refers to the ability to make something with the fewest resources possible.
  4. Professionals

    Financial Analyst Training & Designation Programs

    Time to upgrade your financial skills? These designations are flexible and adaptable to the changing marketplace.
  5. Financial Advisor

    How To Effectively Use Financial Planning Software

    The right financial planning software provides clients with reports that help them achieve their financial goals.
  6. Trading

    Market Efficiency Basics

    Market efficiency theory states that a stock’s price will fully reflect all available and relevant information at any given time.
  7. Investing

    Calculating Net Cash

    A company’s net cash is its total cash remaining after it subtracts all liabilities.
  8. Markets

    10 Ways To Save Energy And Money

    The average family spends $1,600/year on utility bills - find out how to put some of that back in your wallet.
  9. Markets

    4 Things to Know About the Future of US Energy

    The fracking revolution has underpinned the U.S. energy industry in recent years, with positive trends likely to continue into the next decade.
  10. Markets

    The US Is Becoming More Energy Independent

    Rising production and abundant shale oil and gas reserves are moving the US towards energy independence, which could happen by 2020
RELATED FAQS
  1. Does a high efficiency ratio mean that the company is profitable?

    Understand the variety of efficiency ratios and why a high efficiency ratio does not necessarily mean a company is operating ... Read Answer >>
  2. How can you use a cash flow statement to make a budget?

    Understand how a cash flow statement can be used to create a company budget. Learn the difference between a cash budget and ... Read Answer >>
  3. What is the difference between the operating the operating cash flow ratio and operating ...

    Find out more about the operating cash flow ratio, the operating cash flow margin, how to calculate these ratios and the ... Read Answer >>
  4. How can I make my home run on energy that is 100% off the grid?

    Taking a home 100% off the grid requires paying attention to all sources of energy in the home. These sources include more ... Read Answer >>
  5. How is cash flow from operating activities calculated?

    Discover why cash flow from operating activities is significant to businesses, and learn the direct and indirect methods ... Read Answer >>
  6. If my home runs power off the grid, what is the specific environmental impact?

    Going off the grid, or using solar energy, can result in much more than saving the homeowner money. It can help the planet ... Read Answer >>
Hot Definitions
  1. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  2. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  3. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  4. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  5. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  6. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
Trading Center