Your home appliances could undergo a major renovation.
On Tuesday, home appliance manufacturers agreed to new energy and water efficiency standards for washing machines, clothes dryers, refrigerators and dishwashers. The move is intended to reduce the nation's utility bills by billions of dollars and the move will also help you save money on your purchases.
The agreement would:
- Reduce new refrigerator and freezer energy use by up to 30 percent by 2014
- Reduce top loading clothes washers energy use by 26 percent and water use by 16 percent by 2014, with additional savings in 2018
- Reduce dishwashers' energy use by 14 percent and water use by 23 percent in 2013
- Improve efficiency of clothes dryers by 5 percent in 2015
- Improve efficiency of room air conditioners by 10 percent to 15 percent in 2014
This agreement also means those federal tax credits for super-efficient appliances like clothes washers, dishwasher, refrigerators and freezers would be extended for another three years.
It also calls for improved testing methods so that appliances given the Energy Star symbol are put through more real-world consumption tests. You can find more information about the Energy Star program and products given the label here.