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Appliance Rebates

By Associated Press

Oklahoma City, OK – TULSA, Okla. (AP) The Oklahoma Department of Commerce is seeking federal approval for a program to offer cash rebates for consumers to trade old household appliances for new, energy-efficient models.

Patterned after the government's popular Cash for Clunkers auto program, commerce officials hope to get approval for $3.5 million worth of rebates.

The agency hopes to start the program in early spring, giving rebates of $50 to $250 for the purchase of power-saving appliances with the Energy Star rating.

The program is part of the federal government's $787 billion economic stimulus package, or American Recovery and Reinvestment Act.

The federal government is sending about $300 million for the appliance rebates, and states are charged with administering their own programs.

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Information from: Tulsa World, http://www.tulsaworld.com