For an old refrigerator, you can expect to earn around $15 to $30 at a scrap yard. However, be aware that not all scrap yards will accept refrigerators.
Yes, you can get cash for your old unit, especially if it's still working and in good condition.
Water heaters and other appliances that use plumbing for operation are especially worthy of collecting for scrap metal purposes. These types of appliances tend to feature valuable components that are in high demand, such as copper pipes and copper wiring.
Let's say you have a 5-year-old GE refrigerator that originally cost $750. Depreciation per year: $750 / 15 years (expected lifespan) = $50 Life left: 15 - 5 = 10 years Value: 10 years x $50 = $500 If the refrigerator is in excellent condition and there's high demand in your area, you might price it around $500.
Any size, brand, type, and age of freezer will have recyclable materials. The larger units will typically provide you with more value for your scrap, due to the fact there is simply more valuable metal and plastic.
For an old refrigerator, you can expect to earn around $15 to $30 at a scrap yard. However, be aware that not all scrap yards will accept refrigerators.
“The average weight of a refrigerator is 250 pounds. A mini fridge may weigh only about 60 to 70 pounds, while a French-door refrigerator can weigh as much as 300 pounds.”
Sell it For Scrap Metal
Refrigerators contain a number of valuable metals that can be removed and reused to make new items. Do a little research online to find a company (or person) offering cash for old appliances.
Price Ranges
You can find refrigerators starting from as low as Rs. 14,990 for a basic single door model up to Rs. 1,00,000 for large French door and side-by-side refrigerators.
Radioactive and hazardous materials should never be recycled to the same standards as metals. That's because if a scrap yard melts any radioactive metal without knowing, it will end up contaminating the rest of the metal, the equipment that is used during the recycling process.
A scrap dealer, processor or recycler like Cohen can buy your old appliances at a scrap recycling center near you. Pricing changes at least monthly, based on the market values of metals, so call ahead and ask what they are paying for mixed iron if you'd like an estimate.
Check with Your State Energy Office or Local Electric Utility. Local utilities and energy-efficiency organizations support a growing number of refrigerator and freezer recycling programs. Some programs offer cash to recycle your old fridge; others offer utility bill credits. Ask about Municipal Pick-Up of Appliances.
The amount of copper a compressor contains varies from size to size. The compressor of a small refrigerator contains around one pound of copper, whereas a large refrigerator compressor contains about 2.5 pounds of copper.
When it's time to get rid of your old appliances, you can expect to pay an average of $100, with costs commonly ranging from $60 to $180. Disposing of old appliances, especially large ones, can pose logistical challenges for homeowners.
You can spend anywhere from as low as $75 to $750 and beyond; it all depends on what you're looking for. A ten-year-old beige fridge will definitely cost a fraction of what a one-year old stainless steel model will set you back.
How Can I Make Money With My Old Fridge? You can make money on an old fridge by selling it secondhand or for parts to a scrapyard. If your refrigerator still works, you can sell it online; if it doesn't work, you can sell the scraps.
Older Refrigerators
If you have a refrigerator that is more than around 15 years old, then you will most likely have a fridge that weighs more than something newer. These can weigh as much as 250 pounds or nearly 100 kilograms.
Can I Remove Freon From a Fridge Myself? No, you cannot. Unless you are a Section 608 certified technician, you should not attempt to remove Freon from a refrigerator or another appliance like an air conditioner.
It is always best to keep a fridge or freezer upright when moving, but you can transport a fridge on its side too. Just remember that before it is plugged in and switched on, it should be left upright for a minimum of 3 hours.