Thanh -- October 2nd, 2007
This weekend, October 5 through 8, is the Energy Star Sales Tax Holiday in Virginia (DNR article, Press Release). Virginians are encouraged to purchase Energy Star products, and can save both state and local sales tax on qualified products that cost $2,500 or less. Eligible products include:
- Ceiling fans
- Compact Fluorescent Light Bulbs (CFLs)
- Programmable Thermostats
- Room Air Conditioners
- Clothes Washers.
The Energy Star standard set by the US Department of Energy and US Environmental Protection Agency. They are products that use 30% less energy than conventional models.
During my google-search for more information, I found this blog post which got me thinking. The blogger says:
“… people don’t buy appliances like they buy other products. Unlike that car you might be persuaded to trade-in for a newer model because of a cash-back offer or that morning cup of coffee you might be swayed to get at Krispy Kreme because of a discounted donut, you buy new appliances only when the old ones break.”
Although I don’t quite agree with everything else the blogger wrote, he/she does bring up a good point – if my refrigerator broke last month, I’d have to get one right away, I don’t think I could wait until this weekend to purchase a new one and take advantage of the tax break. Perhaps there is a better solution to encouraging people/consumers/citizens to buying energy efficient products. Promoting this year-round? Maybe something like a max/cap on how much a person/household can save each tax year on energy efficient products?
Whatever the case, if you have been thinking about getting a new appliance, I would suggest jumping on this opportunity to save money and reduce energy usage this weekend.
I also found information on another program in which, consumers can save money with federal tax credits on doors, windows, and energy efficient products. These incentives are available through December 31, 2007. The same link will take you to information on tax credits for efficient cars (ends December 31, 2010), solar energy systems (ends December 31, 2008), fuel cells (ends December 31, 2008), etc.