Believe it or not, your refrigerator could be costing you a lot more money than it needs to. Therefore, it could also be saving you money too. In this video, you will learn how to reduce the electric cost of your refrigerator.
A normal refrigerator makes up approximately 13% of a home’s electricity bill. This is actually a very significant amount considering there is also AC, heating, lighting, and more.
In fact, the refrigerator could represent significantly more than 13% of your electricity bill if you have an older model. Older models are not nearly as efficient as newer models. Plus, they get worse over time. Therefore, any commercial electrician will tell you that one way to save money is to get a new fridge if you have a very old one. How much could you save exactly? Some estimates put the savings from upgrading to a new fridge at somewhere between $100 and $200 per year. This means that the cost savings will pay for the new refrigerator in a matter of years. Plus, who doesn’t love having a shiny new fridge? Many of them run quieter too!