TRENTON, N.J. (CBSNewYork/AP) – That old refrigerator sitting in the garage or basement may be worth some “cool” cash.

The New Jersey Board of Public Utilities is offering a $1,000 reward to the owner of the state’s oldest refrigerator or freezer through Sept. 30.

The agency announced on Friday that the owner of the oldest appliance recycled will receive a $1,000 gift card good toward Energy Star products at New Jersey Sears stores.

To enter, owners must sign up to have their appliance recycled through the BPU’s N.J. Clean Energy Program. The program offers a $50 incentive for doing so.

The agency said that owners of old refrigerators can save up to $150 a year in energy costs by choosing to recycle.

Have an old refrigerator or freezer sitting in the garage? Go make some money! Sound off with your thoughts and comments in the section below…

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Watch & Listen LIVE