How Replacing Your Refrigerator Can Save You Money

In the United states, there are approximately 170 million refrigerators currently in use. Of these, approximately 60 million are more than 10 years old. These older refrigerators cost consumers more than $4.7 billion annually in energy costs. Replacing your older refrigerator with a new Energy Star refrigerator can save you up to $300 over the life of the refrigerator. If you would like to determine the amount money you can save by purchasing a new refrigerator, you can use the Energy Star Savings Calculator.

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What’s the best choice for energy efficient refrigerators?

When shopping for a new refrigerator, you need to determine how big of a refrigerator you need. When it comes to refrigerators, you want one that is large enough to hold all your items. A refrigerator that is overfilled is often a sign of being too busy rather than the need for a larger refrigerator. Therefore, it is essential that you determine the exact amount of space you really need. In fact, you can save a lot of money over the lifetime of your refrigerator if it is properly size. A smaller refrigerator not only saves on energy cost but also help you minimize the amount of wasted food items that can be forgotten in the depths of an oversized refrigerator.

Decide which features are important to you. Do you really need an ice dispenser or a cold water dispenser in the door of your refrigerator? Although it is more convenient, you can save money both in the overall purchase price and your energy costs.

Energy-efficient-refrigeratorFinally, look for a refrigerator with an Energy Star label. The label will provide you with a lot of pertinent information. The label will indicate how energy efficient the model is compared to other models similar to the model. Additionally, it will provide you with an electricity consumption rating. This will be shown as kilowatts (kWh) per year. Focusing on the yearly energy consumption and purchasing the smallest refrigerator to fulfill your needs is a great way to save money. Avoid feature packed refrigerators unless you really need those features. By opting for a simpler refrigerator, you can save money on the price of the fridge as well as the amount of energy consumed. Look for the Energy Star logo for the most cost efficient refrigerators on the market.