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Cash for Kitchen Clunkers Gives Rebates for Old Fridges

The Cash for Kitchen Clunkers program is a new initiative that aims to give homeowners an incentive to trade in their energy-zapping appliances for new, energy-efficient ones. While right now the initiative has been adopted primarily on both coasts, it's anticipated that similar programs will spread to the Midwest soon.

According to USA Today, the Cash for Kitchen Clunkers program will give rebates between $50 and $200 for buying a new, energy-efficient appliance. Unlike the popular Cash for Clunkers program, however, you don't need to trade in your old appliance to take advantage of the rebate (although in many states, you can do so easily for an additional rebate).