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