Buying a new appliance can feel daunting. Before you hand over your hard-earned money, here’s how to choose an appliance that will help you save money over time.
When shopping, keep in mind that not all new appliances are high efficiency, and not all old appliances are inefficient. The less efficient your current appliance, the more you will save with an upgrade. The yellow EnergyGuide label on new appliances shows the yearly energy cost, kilowatt-hour electricity use and Energy Star® logo, if certified.
Let’s look at some appliance examples to see how the costs and savings stack up.
Refrigerators
Refrigerators have seen major efficiency improvements over the years. New refrigerators use up to 73% less energy than 1970s models and about a third less than 20-year-old models.
If you purchase a new model and intend to keep your old appliance, be sure to weigh the additional energy costs. Maximize efficiency and keep your food safe by setting your refrigerator to 37 degrees and your freezer to 0 degrees.
Clothes washers and dryers
New Energy Star-certified clothes washers and dryers are also more efficient than older models. Use the Energy Star Product Finder at energystar.gov to compare products. Integrated Modified Energy Factor measures the washer’s energy efficiency. A higher number is better. Integrated Water Factor measures water efficiency. A lower number is better.
I recently bought a new washing machine when my old front-load machine died. I was considering a top-load machine. When I compared Energy Star-certified top loaders to front loaders, I changed my mind. Energy Star-certified front loaders use about 50% less energy and water than top-load agitator washers and about 25% less energy and water than top-load impeller washers that don’t have an agitator.
Then I had to make the decision about buying the matching dryer. My dryer was functional but had features I didn’t like. The new matching Energy Star-certified dryer cost nearly $700. With an estimated savings of $46 per year, the dryer would take 15 years for the savings to cover the price. That’s a long time, and to me not worth the cost.
To improve your washer and dryer efficiency, wash in cold water, don’t over dry clothes and clean your lint trap between every load.
Televisions
Just like the light bulbs in your home, LED televisions offer increased efficiency. Energy Star-certified televisions are 34% more efficient than conventional models. If you have a working LED television, swapping to an Energy Star model is more efficient but may not make up for the cost of a new TV. Instead, check the efficiency settings on your TV or buy a smart power strip that turns off other connected devices when not in use.
Whatever appliance you are upgrading or replacing, make an informed decision by comparing the cost of operation and shopping Energy Star models to help lower your electric bill
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