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Call Premier Appliances To Replace Your OLD REFRIGERATOR

How much is that old refrigerator in the garage costing me? Premier Appliance Store Has Energy Star Refrigerators In Stock! Always For Less!! 

May 14, 2012 | Filed under: Ways to Save

It’s awesome for keeping soda and beer cold, but what’s the annual cost?

The Energy Star website has a cool calculator that can help you do the math. Make sure you put in our local electric rate of $0.22 per kilowatt-hour.

Here are the annual electricity cost calculations for a few refrigerators with freezers on top (19.0 to 21.4 cubic-feet):

It was cheap, but how much does it cost to plug in?

  • 1990-1992. Annual cost: $283
  • 1993-2000. Annual cost: $189
  • 2001-2008. Annual cost: $118
  • 2009-present (Energy Star). Annual cost: $90

If you have a refrigerator that dates back to 1992, it might be worth your while to ditch it – or at least to upgrade to a more efficient model. An Energy Star qualified refrigerator today will cost about $90 annually in electricity. How long would it take you to recoup the costs of purchasing a new refrigerator? Less than five years; see below:

1992 fridge

Initial cost: $25 at a garage sale (or maybe you moved the old fridge from the kitchen and it was free.) Regardless of how cheap it was, it’s still costing you a lot.

5 years of electricity to operate it: $1,415

Total: $1,440

New fridge (Energy Star)

Initial cost: $674

5 years of electricity to operate it: $450

Total: $1,124

When shopping for a new fridge, keep in mind that top and bottom freezer models use 10 to 25 percent less electricity than side-by-side models (energystar.gov). Also, generally the smaller the fridge, the less energy it consumes.

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