How much does it cost to run a Refrigerator? 5 Easy Ways to Reduce Cost

How much does it cost to run a Refrigerator? In order to reduce the cost of running a refrigerator, consumers can follow these simple steps.

IT’S QUIZ TIME!

What’s that one thing in your house that keeps running 24/7 and 365 days a year unless there’s no electricity? Well, if you’ve guessed the refrigerator, you are absolutely correct. You might be wondering “How much does it cost to run a Refrigerator?” Let’s find out –

Refrigerators are one of the essential appliances in our house that keep our yummy foods cold and fresh, protecting them from bacterial growth by reducing the internal temperature. But hey, we all know that refrigerators don’t do this big favor to us for free; they make us shed a lot of money from our pockets on electricity bills in return.

But exactly how much electricity do they feed upon? How much of our valuable money goes into the maintenance of a refrigerator? If you’re looking for the answers to these questions, you’re in the right place! We have done all the calculations and research for you. To know how much it costs to run a refrigerator, grab a seat and keep reading.

How much electricity does it require to run a refrigerator?

Ever wondered what’s the role of the yellow sticker on your refrigerator? This sticker has been provided by the manufacturer to know how many kilowatts of electricity your refrigerator will use per hour and its approximate total electricity consumption per year. All the refrigerator brands are bound to provide this yellow sticker as per the instruction of US federal law.

An average-sized refrigerator with a maximum of 20 cubic feet volume capacity is likely to use between 1.5-2.00 kilowatt/hour of electricity in 24 hours. The calculation results in around 41 kilowatt/hour of electricity consumption per month if we do the calculation. Hence, the total electricity usage will come down to approximately 500 kilowatt/hour at the end of the year. 

What about a large, 36-inch wide refrigerator with a maximum capacity of 28-30 cubic feet? It’s likely to consume around 720 kWh of electricity every year. 

Now, if your household has more than 8-10 people, you’re likely using an ultra-large refrigerator in the house. These plus-sized refrigerators have more than 30 cubic feet of volume capacity. They are likely to consume around 860kWh of electricity annually.

How many watts does it take to run a refrigerator?How many watts does it take to run a refrigerator?

These figures we have stated are only applicable for modern-day refrigerator models that are designed to be more efficient. Suppose you happen to be using an older refrigerator model from about 20 years ago. In that case, those are estimated to use up around/more than 2,000kWh a year. Now that we have a decent understanding of how much electricity a refrigerator consumes, we can finally move on to overviewing the expense and operating costs of running a fridge.

How much money does it cost to run a refrigerator for a day? 

To calculate how much it may cost to run a refrigerator, we need to look at its typical daily electricity consumption.

So, for an average US resident, the electricity rate in 2022 is 13.83 cents per kilowatt-hour. If a typical refrigerator consumes a minimum of 1.5 kWh of electricity a day. In that case, that will come down to a total cost of $0.207 for 24 hours. Similarly, the cost of running a tall side-by-side refrigerator with a large volume capacity should be somewhat around $0.30 a day. If you are using a 20-year-old refrigerator model, it’s probably costing you approximately $0.72 per day.

How much does it cost to run a refrigerator monthly? 

The average monthly cost to run a refrigerator of medium-size for a household of 3-4 people is between $5.42 – $6.00. 

And the modern-day refrigerators that are giant in size, with huge volume capacity too, of course, can cost you somewhere around $8.67-$9.00 per month. Just as you may have guessed already, an older refrigerator will definitely have a much higher monthly running cost, ranging between $21.00 and $24.00. That is four times the average monthly cost of running a typical refrigerator.

How to Calculate Refrigerator Monthly Energy CostHow to Calculate Refrigerator Monthly Energy Cost

How much does it cost to run a refrigerator annually? 

The cost of running a refrigerator for a year will vary from one household to another, depending on the type of refrigerator and the charge per unit. We will only give you the average results that we have acquired after examining more than hundreds of different refrigerator models. Let’s begin!

A typical refrigerator that can be seen in a household with just 2-3 people is likely to make you spend at least $65 in a year. On the other hand, houses where at least 5-6 people live together will require a larger refrigerator. The annual running costs of a large-sized refrigerator range from $104 – $150.

Suppose you use an older model from 20-25 years ago, like Kelvinator or D-fridge. In that case, the annual expense to run these refrigerators could be around $260 or more.

How much does it cost to run a mini-refrigerator?

As it’s easy to guess, a mini compact refrigerator (let’s say from Singer or Walsh) will definitely use up less electricity than regular ones, ranging between 150-350 kilowatt-hours per year. It will cost you around $0.07 per day and between $2- $3 a month. At the end of the year, you are expected to have spent between $26- $30 on the annual running costs of your mini-refrigerator.

Is Refrigerator running cost more in the USA than in the UK?

Hold your horses; we aren’t telling you the answer straight away. We will simply give you the numerical values to compare the expenses for yourself.

Is Refrigerator running cost more in the USA than in the UK?

In the UK, to run a typical refrigerator with a freezer compartment that consumes around 500 kilowatt-hours annually, you’ll need to spend more than $85 per year. The average monthly cost to run a refrigerator should come down to a whopping $7.08. Guess now it’s crystal clear which country offers has more expensive living standard. The monthly and annual running costs of a refrigerator are less for the US residents than for the peeps living in the United Kingdom.

5 Easy ways to reduce the cost of running a Refrigerator

Have we scared you with all the significant figures? Are you feeling miserable about spending an enormous fortune on your electricity bills every month? Here are 5 things you can do to reduce your overall expense on running a refrigerator. 

1. Change the power unit

You should waste no time and get yourself an Energy Star certified unit. Surprisingly, this requires 12-15% less electricity in watts than most popular models out there.

2. Don’t open the refrigerator door too often. 

If you’re a foodie like me, you might have the habit of unconsciously opening the refrigerator door countless times throughout the day for no freaking reason. It’s not good to do since warm air enters the fridge every time the door is opened. Thus, only open the refrigerator when it’s necessary. 

3. Not storing food that’s too hot

After you’ve finished cooking a dish, don’t keep it inside the refrigerator right away. Let it cool down to room temperature for a while. After 15/20 minutes have passed, and the food is now at warm or normal temperature, that’s when you can feel free to store it inside your refrigerator.

4. Check up on the coils from time to time

The evaporating coils of a refrigerator are responsible for heat transfer. If it’s accumulated with dust and filth, the process of heat transfer will be hindered. So, you may want to consider cleaning them at least once a month. 

5. Give your refrigerator some space to breathe

Many people tend to put more electronic appliances on top of the refrigerator, such as a microwave oven or a blender machine. Many Asian households simply stack empty luggage or cartons on top of the fridge. Don’t do that. This may obstruct the ventilation process. Always try to ensure there’s enough space surrounding the refrigerator for consistent airflow. 

Final Thoughts

Frankly speaking, we don’t really have a fixed one-answer-fits-all kind response for questions like how much does it cost to run a refrigerator. The scenario varies from household to household, and the running costs are different in every part of the world.