I spoke to my cousin earlier. Last month, his 20-year-old refrigerator died and he had to replace it. He told me that he just got his electric bill and he was shocked. He didn't go looking for a super efficient fridge. He just got a pretty basic model - cost him $430. He lives alone in a 2-bedroom apartment. He said his electric bill is always between $55 and $60. Last month, the first full month with the new fridge, his bill was $27. Half, or less, than his prior bills. So he is saving about $30/month, meaning the new fridge will pay for itself in just over 14 months.
Our fridge is over 13 years old and our freezer is over 15 years old. We could probably save at least $60/month if we replaced them both (our fridge is bigger than his). Plus, both of our appliances still work just fine, so we could probably even get something for them on craigslist. I hate to lay out the money, but if we'll recoup the cost in just over a year, it makes a lot of sense. Something to think about.
Our fridge is over 13 years old and our freezer is over 15 years old. We could probably save at least $60/month if we replaced them both (our fridge is bigger than his). Plus, both of our appliances still work just fine, so we could probably even get something for them on craigslist. I hate to lay out the money, but if we'll recoup the cost in just over a year, it makes a lot of sense. Something to think about.
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