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COLUMBIA -- South Carolinians are cashing in on some big savings.

It's been one week since the Cash for Appliances program went into effect.

It's a multi-million dollar effort to boost the economy and reduce emission.  And it's paying off here in the Midlands.

Local residents are using rebates from $50 to $500 to buy more energy efficient appliances.

Local retailers say the rebate incentive is a win-win for both customers and businesses.

"We've heard of contractors who've installed, you know, five units in a day they normally would only install five a week," says Megan Herring of the South Carolina Energy Office.  We've heard a lot of retailers with increased sales with items that usually sell a lot slower."

At last check, the State Energy Office reporters only a little over $1 million in rebates are still up for grabs.

But you'll have to act fast.  The rebate program will end when the cash runs out.

Click here to find out more on the program.