If your appliances are over 10 years old replacing them may actually save you big money.
Over the last 10 years appliances have become significantly more efficient. In many cases a new appliance will use 50%-75% less electricity or natural gas than they did 10 years ago. Make sure you look for the “ENERGY STAR” label.
In some cases you may save enough money that your appliance almost pays for it’s self!
Here’s an example of the savings:
You have a standard 16.5 – 18.9 cubic feet refrigerator that is around 20 years old. It still runs fine, but is it worth keeping?
The old refrigerator uses about $80 more in electricity each year than a similar sized new Energy Star rated model.
A new Energy Star rated refrigerator can be purchased at a big box store for about $530. Over the course of 6 1/2 years the refrigerator completely pays for it’s self, it’s quieter, better for the environment, and has that new appliance smell.
Calculate your exact savings using the Energy Star Calculator.
Oasis Energy is dedicated to saving you money, by offering you tips to reduce your energy consumption and by offering low fixed rates on both Electricity and Natural Gas. We also have options for Renewable Energy.