Time For A New Freezer?

Many homes have freezers, and most freezers are fairly old. This may seem frugal — Bulk buying of groceries saves money and using an appliance until it dies seems smart. But, new freezer models use so much less energy that it can pay to buy a new one.

Let’s do the freezer math:

Energy Savings. If the old freezer is 10 or more years old, it is using about 1,000 kWh per year. A new freezer will use 450 kWh per year. A new freezer will save $80 per year on average.

The Cost of New Freezer. If the freezer is going in the garage, get a standard no-frills unit to minimize purchase costs. They run about $500.

Sale prices. During key sales periods, you can save another $50 – $75 through retailer discounts. (Columbus Day, Veterans Day, Black Friday, Presidents Day, Memorial Day, 4th of July.)

Rebates. Often your local utility will pay $35 to $50 to use an authorized service to haul away an old freezer or to buy an energy-efficient model.

Putting it all together:

$500 Purchase price

-$50 Retailer Discount

-$35 Rebate

——-

$415 Net Freezer Cost

The energy savings will pay for the cost of the fridge in just over five years. ($415/$80).

The bottom line: If you have any trouble with an older freezer, replace it; don’t bother with repairs. If you live in an area with high electric rates, your savings could be $100 per year or more, so don’t wait to replace. And plan ahead, figure out the model you want, and then buy it on sale.


About

WattzOn Labs is always innovating ways to engage people to save water and energy. It showcases the WattzOn products under the WattzOn Labs private-label. We don’t market these products, but use this small-scale direct-to-consumer experience to constantly evolve and learn. Then we apply the findings to the rich, private-label products used by all our customers at WattzOn.