LG DLE7050*: running cost
The LG DLE7050* is certified by ENERGY STAR at 607 kWh a year, about average for its category to run among clothes dryers currently certified.
That $114 is priced at 18.8¢/kWh, the average of all 51 state rates this site tracks. Your own state's rate is one click away.
How the LG DLE7050* compares to other clothes dryers
The category average is 572 kWh/yr; this model runs 6.1% above it, ranking 145 of 639 clothes dryers tracked here for running cost. 639 certified clothes dryers, one average, about $7/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the LG DLE7050* on that list: LG DLE7010* ($114/yr, 607 kWh/yr) runs slightly less, while LG DLE7060*E ($114/yr, 607 kWh/yr) runs slightly more.
Same brand, different models
Ranked 34 of LG's 144 certified clothes dryers, this sits between the DLHC1455* ($25/yr, the brand's cheapest) and the WSGX201H*A ($129/yr, its priciest).
Cost over its typical lifespan
Over the 12-year service life NAHB reports for this category, running the LG DLE7050* costs roughly $1,369 in electricity, separate from the purchase price.
Weighing a replacement
Efficient as certified clothes dryers go, $114/year is a reasonable baseline if you're comparing what else is on the market.
Compare current ENERGY STAR certified clothes dryers before buying.
If you're keeping it
Whether or not the LG DLE7050* ever needs replacing, a repair is the more common failure for a clothes dryer, one a protection plan budgets for ahead of time.
How this was checked
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. Ranked 145 of 639 certified dryers for running cost, the LG DLE7050* is also worth reading with a caveat specific to this category: the methodology page explains why ENERGY STAR's own combined-energy figure for dryers can overstate the electric bill impact of a gas model.