No refrigerator Day Five Are We saving Money?In Arizona it costs an average of 11.1 cents per kilowatt hour. So are we saving money by turning the refrigerator off? It’s an older model. We bought it in 2001. It’s a side by side and it costs about $75 per year to run according to the Energy Star site. We’re paying $2 a day for ice, so no we’re in the hole big time.
Energy Star says we could save a whopping $19 per year if we replaced our old model with an energy savings model. $19? They’re kidding right?
Checking out Lowe’s it looks like a model about the same size as ours is around $2,000 with the Energy Star rating. Without an Energy Star rating the fridge costs about $1200.
So let’s do the math. At $19 per year, it would take 42 years to save the difference in the price between Energy Star and no Energy Star. I don’t know about you but that makes no sense to me.
As far as being green and conserving electricity, I wonder if the Energy Star model costs more to manufacture so what I save in my electrical bill is offset by the additional manufacturing costs.
And then of course we’d have the environmental impact of disposing of the old refrigerator including the Freon. So I guess we’ll be sticking with our old model.
To make this challenge a little harder for the next few days, we won’t be using any ice and no refrigerator.