Wednesday, December 24, 2014

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Area businesses welcome Energy Star Sales Tax Holiday

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TWC News: Save money on appliances during Energy Star Sales Tax Holiday
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CHARLOTTE – Starting Friday, people in North Carolina can buy energy-efficient appliances tax-free during the Energy Star Sales Tax Holiday.

Sales of Energy Star products are on the rise, which is good news for small and large retailers. It was quiet Wednesday afternoon at Queen City Audio, Video and Appliance's showroom.

However CEO Roddey Player said this weekend's sales tax holiday will change that.

"It is really bigger than Black Friday is," said Player.

Friday through Sunday, North Carolinians will not have to pay sales tax on some Energy Star appliances. That includes washers, refrigerators and ceiling fans. The products must carry the government rating for energy efficiency.

Player said the timing is perfect.

"Retailers have to make their money at the end of the year, there's no question about that. That makes November and December big, big months for us,” said Player.

That goes for big box chains, too. Lowe's, the nation's second-largest home improvement chain, expects to be busy.

"Based on anticipated rate of sales we do have an increased stock level in our store," said Paris Lytle, manager a Lowes store off of South Boulevard in Charlotte.

Retailers say Energy Star appliances can save consumers significant money on their energy bills, which is why such products have become so popular.

"We're happy that North Carolina has chosen this time of year as people are beginning to think of some their holiday purchases and budgeting for that," said Lytle.

Some items, such as dishwashers and clothes dryers, are not covered in the tax-free weekend. However many stores plan to offer tax rebates on the products. ClientIP: UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP