Refrigerator Energy Savings
‘Energy Star‘ has a neat tool to calculate the money savings that can be realized when purchasing a new refrigerator. The Savings Calculator allows you to enter you local electricity rate and what type of refrigerator you currently own, then calculates what the savings would be with a new refrigerator. The money saved running a new refrigerator compared to say a 10 year old model are quite substantial.
Of course, as a service man, my advice to you is to repair that old unit.
One Comment
Roger
Wow I can save $60 over 5 years in electricity costs by buying a new refrigerator.
In 10 years I will have saved ($60 * 2 =) $120 – which I can then use to pay part of the purchase price of the next new refrigerator – seeing as the new energy efficient appliances tend to last 7-10 years.
Only thing is – I forgot that I needed to come up with $1,000 today to buy that new fridge – and also i will need another $1,000 – less the $120 in energy savings to buy the replacement fridge in 10 years.
Or does the energy star group give me the $1,000 to buy the fridge? Thought not…
I agree – keep the old one as long as you can.