What the Hisense HRT031AVE costs to run
The Hisense HRT031AVE is certified by ENERGY STAR at 321 kWh a year, cheaper than most models in its category to run among refrigerators currently certified.
That $60 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.
Efficient, or not, for a refrigerator
Against the category average of 386 kWh/yr, this model uses 16.8% less, ranking 2,021 of 4,704 refrigerators tracked here for running cost. That average is drawn from all 4,704 refrigerators ENERGY STAR currently certifies, not an outside number, a $12/year gap from this model at the national rate. Full sourcing is in the sourcing notes.
Right next to it on the list
A rank or two either side of the Hisense HRT031AVE: GE GDE03GLK**** ($60/yr, 321 kWh/yr), then Insignia NS-CF30****** ($60/yr, 321 kWh/yr).
Comparing Hisense's own models
Ranked 19 of Hisense's 90 certified refrigerators, this sits between the HWS054N6SS ($30/yr, the brand's cheapest) and the RF303D3FSEI ($140/yr, its priciest).
Hisense HRT031AVE over 13 years
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the Hisense HRT031AVE that long and it costs about $785 in electricity, on top of whatever it cost to buy.
Weighing a replacement
Efficient as certified refrigerators go, $60/year is a reasonable baseline if you're comparing what else is on the market.
Worth comparing a few current certified models before deciding.
If you're keeping it
$60/year to run is the predictable cost of the Hisense HRT031AVE; a protection plan covers the unpredictable one, a repair bill.
Where this number comes from
Nothing here is estimated from a nameplate wattage; the 321 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 2,021 of 4,704, the Hisense HRT031AVE sits in the middle of the refrigerator category, see the guide to why your state changes this number for the other half of the math.