Recently my washing machine died--it was just the right size for our tiny basement and it had a matching tiny dryer. To buy an energy and water efficient front load model for $800+ it would have taken 9 years to see the savings in utilities to make up the higher cost. And that’s assuming there were no repairs, that I used it exactly according to manufacturers recommendations, that the electric and water rates didn’t go up (due to people using less) and I were using it 12 months a year instead of 10 weeks. Obviously, even a math midget like me can see there had to be a better way to save money.
My neighbor gave me his old washer that may last another 3 years (and actually does a better job than my old one in spinning out water and accepting larger loads). He and his nephew even hauled it down our steep basement stairs that resemble a ship’s ladder. Even if water and electric rates go up, even if it is inefficient, this deal is better than any offered by the government or Sears.
And it doesn’t cost you, the tax payer, a dime. The tax credit on energy efficient appliances are paid for by all of us from the time they are a gleam in a politician’s eye until they get to the paperwork at the store and to your accountant who has to fill out several forms. That credit has passed through many hands. A 25% credit on an $800 washer might be a $200 credit on your taxes, but it costs the American tax payer much, much more than that, and of course, a low income person probably doesn’t itemize, or doesn’t file an income with the IRS at all, nor could she come up with the balance.
Another plus. The old washer in the photo was made in the U.S.A.
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2 comments:
I think this is how the rich stay that way. charity,
I doubt that one retiree giving another a 25 year old appliance is how America became wealthy. That's done with starting a business, an IPO, and then cultivating friends in Congress. Especially Democrats.
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