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I'm not sure where you live but the payback on a modern refrigerator is likely within a year due to electricity consumption costs. Old refrigerators are crazy
by shiftpgdn 7y ago
I'm not sure where you live but the payback on a modern refrigerator is likely within a year due to electricity consumption costs. Old refrigerators are crazy inefficient.
- triceratops 7y agoA year sounds crazy optimistic. The new fridge would have to lower the power bill by $1000. That's as much as some households spend on all electricity in a year.
- wrycoder 7y agoMy 30 year old refrigerator uses about $9 worth of electricity per month. If I bought one which was twice as efficient, I’d save about $55 a year. That’s a 20 year payback (neglecting lost investment opportunity) for a $1100 model, plus the replacement hassle. So, I expect to run it until it breaks.