On average, an old refrigerator uses about 35% more energy than a model that has earned the ENERGY STAR label. If second refrigerator is truly needed, purchasing a larger refrigerator for the extra room will save money and energy over the long term.. Be certain to properly recycle the old refrigerator.
For example, an 18 cubic foot refrigerator from the 1980s is most likely using around 1,400 kWh per year of electricity, almost four times more than newer models. Fortunately, many of the newer models of refrigerators are, in fact, much larger than older models while still using much less electricity.
If there is a problem with your fridge's ability to cool efficiently, it will draw more power to compensate for it. Keep an eye out for faulty lining around the door. If the doors to your fridge/freezer are not sealed properly, cool air can escape and make your appliance work harder than it should.
According to the American Council for an Energy Efficient Economy, the average “second refrigerator” is likely between 15 to 25 years old and uses about 750-1000 kilowatt-hours every year which amounts to between $97 to $130 on your electric bill.
Old refrigerators use a TON of electricity, so I wouldn't be surprised at $80 a month extra. It may be running the compressor all the time to keep cold, and using much more than when it was new.
What costs the most on your electric bill? Heating and cooling are by far the greatest energy users in the home, making up around 40% of your electric bill. Other big users are washers, dryers, ovens, and stoves. Electronic devices like laptops and TVs are usually pretty cheap to run, but of course, it can all add up.
Your usage
Frequent or prolonged door opening can place added pressure on the compressor because it lets more warm air in when you open the door. This means your fridge and freezer will need to use extra energy to replace the cold air that flows out every time the door is opened.
The lifespan of a typical fridge ranges from 10-15 years, and if you are still within the first half of this range, you should have plenty of time before needing to replace it. If it is on the upper end of that range, it's likely on its last legs.
Heating and cooling: 45-50%
The largest electricity consumer in the average household is your heating and cooling appliance. By a long shot. Central air conditioners and heaters use tons of energy in order to keep your home set to the right temperature.
The most common reasons for a big jump in your electric bill include changes in your lifestyle, increased usage of energy-hungry appliances, and sudden weather changes.
First, how old is your refrigerator/freezer? While your old refrigerator may still look good and work well, if it is more than 15 years old, it's more than likely using a significant amount of energy -- in fact, more than twice the energy of a new ENERGY STAR certified model.
If you're using a machine that is 10-12 years old, then it is time to buy a new machine. Modern washing machines use almost half the energy the old machines used.
A full fridge can be more energy-efficient than an empty one.
A 20-year-old refrigerator could use 1,700 kWh of electricity every year, compared with about 450 kWh for a similarly sized new ENERGY STAR model. At an electrical cost of 12 cents per kWh, that represents a savings of $150 per year and a potential payback of about 7-9 years.
Some of the most long-lasting refrigerator brands come from GE, LG, and Bosch. These refrigerators come at different price points, whether you are looking for a standard model or high-end appliance.
For example, overloading the fridge with too much food can put extra strain on the motor, which will cause it to work harder and potentially fail sooner. Similarly, frequently opening and closing the fridge door can also lead to premature wear and tear.
The national average price of electricity hovered around $0.14 per kWh (it shot up to $0.16 in late 2022) and the average home's total consumption is 10,632 kWh a year, which totals $1,452.12 yearly. So, in other words, your fridge accounts for a bit more than 10% of the average home's total electric bill.
Faulty electrical wiring could cause a sudden increase in electricity consumption, or your electrical meter may be broken. If you continue to see a higher than expected electricity bill, even after taking all of the necessary steps to troubleshoot the exact cause, it may be time to call a certified electrician.
On average, an old refrigerator uses about 35% more energy than a model that has earned the ENERGY STAR label. If second refrigerator is truly needed, purchasing a larger refrigerator for the extra room will save money and energy over the long term.. Be certain to properly recycle the old refrigerator.
By way of example, if you have a fridge with a top freezer from the 1980s with a capacity of 19.0-21.4 cubic feet, it's likely to use around 2,000 kWh per year. If you pay 10¢ for electricity per kWh, that means the aging refrigerator is costing you about 55¢ per day, $16.67 per month, and $200 per year.