The Best Time to Purchase Appliances

Is there ever a good time to replace an appliance? Most of us wait until the current one fails, then locate the best deal available at the moment. If you have the luxury to choose when you would like to replace your appliances, there are specific times when you will be more likely to find them at a discount.

Labor Day weekend marks the unofficial end of summer. Stores host closeout sales on seasonal summer items, and larger items, such as mattresses and appliances, are often included in these promotions.

September and October mark the release of new dishwasher, washing machine, and dryer models. You may be able to score deals on the slightly older models around this time.

Every appliance has a life span, so be sure to pay attention to what yours are. That way, you can mentally note how many years you have left on your appliances and begin financially planning to buy a new one. Many appliance retailers match each other’s prices through programs like price match guarantees.

The Inflation Reduction Act offers rebates to low and middle-income families for purchases of electric stoves or ovens. The program will last until 2032. There is also a $1,750 rebate for a heat pump water heater and $8,000 for a heat pump for space heating or cooling.

In 1992, the Environmental Protection Agency launched the ENERGY STAR program. The ENERGY STAR label was established to reduce greenhouse gas emissions and other pollutants caused by the inefficient use of energy and to make it easy for consumers to identify and purchase energy-efficient products that offer savings on energy bills without sacrificing performance, features, and comfort.

• Since 1992, ENERGY STAR and its partners have helped American families and businesses save more than $500 billion in energy costs.
• By choosing ENERGY STAR certified appliances, a typical household can save about $450 on their energy bills each year.
• Currently, more than 80,000 product models have earned the ENERGY STAR label.

If you are considering replacing an appliance, you can search for rebates at Energystar.gov.