Energy Efficient Appliances Are A Waste Of Money (And Energy)

In an effort to be more environmentally conscious, the United States government is dolling out various rebates and tax credits to consumers who purchase more earth friendly, energy efficient appliances. While the aim of the rebate program may be admirable, economists from the University of Delaware say taxpayers will lose a significant portion of the $300 Million they are contributing to the federal government's appliance rebate program and the energy-saving program could actually increase energy usage. Their analysis is published in the 1st Quarter 2010 issue of the Milken Institute Review. read more

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