What the Summit SLDHP344 costs to run
ENERGY STAR certifies the Summit SLDHP344 at 283 kWh/yr, one of the cheaper models in its category to run for its category.
The $53 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 50.5% below the clothes dryer category average of 572 kWh/yr, and ranks 62 of 639 certified clothes dryers for annual running cost, 1 being cheapest. Every one of the 639 currently-certified clothes dryers feeds that average, putting this model about $54/year under it. See how it's calculated on the how it is calculated page.
The closest alternatives by cost
Sorted by running cost among clothes dryers, one step cheaper is Summit SLD242W ($53/yr, 283 kWh/yr), and one step pricier is LG WKHC202H*A ($56/yr, 299 kWh/yr).
Comparing Summit's own models
Summit makes 6 ENERGY STAR certified clothes dryers; this one ranks 4 of 6 for running cost, between the brand's cheapest, the LBDHP244 at $53/yr, and its priciest, the SLDC2404 at $60/yr.
Summit SLDHP344 over 12 years
NAHB's Study of Life Expectancy of Home Components puts a typical clothes dryer's service life at 12 years; run the Summit SLDHP344 that long and it costs about $638 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
The Summit SLDHP344 is already efficient for its category at $53/year. If you're shopping and comparing options, this is roughly what a well-chosen new clothes dryer costs to run.
Worth comparing a few current certified models before deciding.
Protecting what you have
A clothes dryer like the Summit SLDHP344 is a real household expense whether or not it needs replacing yet; a protection plan is one way to budget for a repair rather than a full replacement.
The data behind this page
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. Ranked 62 of 639 certified dryers for running cost, the Summit SLDHP344 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.