Will An Energy Star Refrigerator Pay For Itself?

By
Real Estate Agent with Keller Williams

Yes.  I discovered that a new Stainless Steel Energy Star Refrigerator will pay for itself in electricity savings.  My 1989 Almond Fridge works perfectly but after 21 maintenance free years I just want a Stainless Steel Fridge

I need a good reason to dump the almond fridge since we are in a recession.  Here's the answer: an energy star fridge will save me $880 in electricity savings over the next 5 years.   Hopefully Stainless will still be in style.

If you go to the Energy Star Website they have a Refrigerator Retirement Savings Calculator.  You simply plug in the model number and the website gives you specific results like mine below:

No Big Old Garage Beer Fridge!  I always wanted a Garage Beverage Refrigerator and was thinking of using the almond one.  At $241 per year in electricity, it's cheaper to buy a new 3.3 compact for $159 with annual electricity cost of only $29.

 

Before you think you are getting a "deal" buying a big old used fridge for your garage beverages, I suggest you check out this Energy Star site and learn the true cost of a cold beer.  

  

I hope you found this post helpful ~ Mark Hitz

The Colony TX Homes For Sale ~ Local Real Estate Market

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Dan Edward Phillips 09/20/2010 05:38 AM
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Tags:
energy efficiency
energy star refrigerator
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Rainmaker
292,627
Steve Davis
Davis Coastal Properties - Carlsbad, CA
Carlsbad CA

Our local utility paid us $50.00 to come and pick up our old fridge! It does pay to replace the old one with an Energy Star appliance.

Sep 17, 2010 06:45 PM #1
Rainmaker
748,414
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The newer appliances will pay for themselves. We just bought a new Whirlpool (made in the USA) washing machine. It uses only 18 gallons of water per load and 2 tsp of detergent. The old Maytag used upto 50 gallons of water per load and a fullcap of detergent. The machine will pay for itself many times over just in water savings. Seems the clothes are coming out brighter too

Sep 17, 2010 08:22 PM #2
Rainmaker
684,612
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Morning Mark, great post, good input for home owners on refrigerators.

Sep 17, 2010 11:56 PM #3
Rainmaker
264,564
Dan Rosenberger
Harvest Realty - Westfield, IN

You make a great case, one that rings true at the wallet. Your new beer fridge is less expensive than the free one you already had when you just look at the energy cost that will keep on costing every year.  (Of course you shoold pay $159 for something will cost $8/month less to operate.)  Plus the small fridge will hold less beer.  That is a good thing, isn't it?  Great post.  I suggested it.

Sep 18, 2010 01:42 AM #4
Rainer
166,615
Andy Chaudoir
Professional Inspection Services - Georgetown, Texas - Georgetown, TX
Your Home Inspection Connection in Central Texas

Hello Mark - I had no idea you could save that much.  Thanks for the information.

Sep 18, 2010 02:52 PM #5
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