*this is not a promotional offer. Just keep reading; you’ll catch on.
The amount you’ll save on water and electricity costs over the life (in this case, 11 years) of an Energy Star washer will pay for the matching dryer.
You’ve heard plenty anecdotal advice about energy-efficient appliances saving you money on your utility bills.
But when you’re comparing price tags — an estimated $492 for a conventional washer versus an estimated $750 for an Energy Star-qualified washer — it may seem like you won’t save money at all.
But let me run the numbers for you, given the above estimates with an average of 7.5 loads per week, according to the Energy Star Web site (aka my second home):
$258 (initial cost difference)
$481 (life cycle savings)
$223 (net life cycle savings)
So, you’ll save $223 over the life of the washer, meaning that you’ll make up for the upfront additional cost of an energy-efficient model within 4.7 years. But that’s just the savings of a standard new washer versus an Energy Star washer. Most Energy Star washers replace a old “clunker.”
Nearly 30% of all clothes washers in the U.S. are more than 10 years old. Replacing a model that old with an Energy Star model can save you more than $135 a year on your utility bills.
$135 x 11 (average life span) = $1485 savings.
$1485? That buys a really nice dryer.