How to Replace Your Old Appliances With Energy Efficient Models on a Budget
Replacing old, inefficient appliances with newer energy efficient models can help reduce your energy bills and environmental impact. However, buying brand new appliances can be expensive. Here are some tips for replacing appliances on a budget:
Look for Rebates and Incentives
Many utility companies and local governments offer rebates and incentives for buying energy efficient appliances. Be sure to research any rebates or tax credits available in your area before making purchases.
For example, my local utility offers a $50 rebate when I recycle my old fridge and replace it with a new ENERGY STAR certified model. I was able to use this rebate to help offset the cost of buying a new fridge.
Consider Buying Scratch and Dent Appliances
Many appliance retailers sell scratch and dent or open box appliances at significantly discounted prices. These are brand new appliances that have minor cosmetic defects that don’t affect performance.
I saved over $200 buying a scratch and dent washing machine from my local appliance store. Just be sure to inspect and test the appliance thoroughly before purchasing.
Shop Sales and Look for Bundled Discounts
Time your purchase around major holiday weekends or sales events. Many retailers offer their best deals on appliances around these times.
You can also often save money by bundling multiple appliance purchases together. When I needed both a new washer and dryer, I got 15% off by buying them together rather than separately.
Buy Used and Vintage Appliances
Used and vintage appliances that have been reconditioned can offer big energy savings at a fraction of the cost of new models. Sites like Craigslist and Facebook Marketplace are great places to find discounted used appliances locally.
When buying used, be sure to test the appliance thoroughly and research its energy efficiency. Newer used models are often still much more efficient than very old appliances.
Take Advantage of Instant Rebates and Payment Plans
Many stores offer instant rebates at the register on energy efficient models. This takes the rebate savings off the purchase price immediately rather than having to mail in paperwork and wait for reimbursement.
Stores like Home Depot also offer no interest financing plans on appliance purchases over a certain amount. I was able to get 12 months of no interest financing when buying multiple appliances, helping spread out the cost over time.
Stick to Basic Models
Opt for basic, entry-level models rather than premium appliances with fancy features. You can often find great energy efficient appliances without all the bells and whistles at more affordable prices.
Focus on the key features you need rather than going for luxury upgrades. I opted for a basic refrigerator without the advanced water dispenser to save over $100.
Consider installing the appliance yourself rather than paying for professional installation. There are great DIY videos online for most appliance installations. Just be sure to shut off electrical and water connections properly before attempting any install.
By installing my new dishwasher myself, I saved almost $150 on installation costs. Just take your time and follow appliance manual instructions closely.
With some smart shopping strategies, you can find great energy efficient appliance upgrades, reduce your utility bills, and help the environment all without breaking the bank. Let the savings begin!