I’m replacing my 15-year-old refrigerator this month with a more roomy, smarter-designed and better-looking new fridge.
Best of all, it’s an Energy Star refrigerator, which means that it uses at least 20 percent less energy than a non-Energy Star fridge. Plus, although Energy Star refrigerators generally cost more upfront, you should consider overall cost of the appliance — which includes how much energy it uses compared to other models.
Energy Star estimates that over the lifetime of your refrigerator, you will cut your energy bills by $165 versus if you used an non-Energy Star model.
So think of how much you save when you unplug the refrigerator you’re using right now? Actually, see the handy chart below.
So my fridge from the ’90s costs about $97 per year compared to an Energy Star refrigerator, which uses an average of $48, according to this chart. (And actually, my new fridge is 10 percent better than the Energy Star standards; its energy use is estimated to cost about $43 per year.)
Obviously, I have to buy the new fridge, but I’ve budgeted for that. Now, what will I do with the $50? Better question: what will do with the $600 in usage cost savings I’ll realize over the average life (12 years) of my refrigerator?