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Appliances rebate program a hit

U.S. consumers are quickly snatching up government rebates for energy-efficient appliances.

The rebate program, which we reported in this story last year, sets aside $300 million for 56 states and territories to encourage consumers to make the transition to more energy-efficient appliances with the Energy Star label. The amount of money available and the programs vary across states -- $35 million in California, $18 million in Colorado.

Like Cash for Clunkers, the program appears to be going well. Florida appliance rebates were all gone during the first weekend of the program. In Illinois, the $6.5 million in rebates was drained after 11 hours, ending the program nine days before it was scheduled to close. Officials expect a similar scenario to happen in Missouri, where the program launched on Monday. California's program is expected to launch Thursday.

For more information on your state's program, visit this site.

About the author

Daryl Paranada is the associate web producer for Marketplace overseeing all daily website content and production, as well as producing multimedia features -- including the popular economic explainer series Whiteboard -- and special projects. Follow him on Twitter @darylparanada.
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