LG LF24Z6530*: running cost
ENERGY STAR certifies the LG LF24Z6530* at 699 kWh/yr, one of the more expensive models in its category to run for its category.
That $131 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 LF24Z6530* compares to other refrigerators
The category average is 386 kWh/yr; this model runs 81.1% above it, ranking 4,460 of 4,704 refrigerators tracked here for running cost. 4,704 certified refrigerators, one average, about $59/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the LG LF24Z6530* on that list: LG LF24Z6330* ($131/yr, 699 kWh/yr) runs slightly less, while LG LF26C6230* ($131/yr, 699 kWh/yr) runs slightly more.
Within the LG lineup
Ranked 83 of LG's 132 certified refrigerators, this sits between the LK14S8000* ($39/yr, the brand's cheapest) and the LRMXS3006* ($150/yr, its priciest).
Cost over its typical lifespan
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the LG LF24Z6530* that long and it costs about $1,708 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Running above the category average, $131/year is exactly the kind of number that makes a newer, more efficient model pay for itself faster.
See what else is certified in this category before you decide.
If you're keeping it
A refrigerator like the LG LF24Z6530* 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.
How this was checked
Nothing here is estimated from a nameplate wattage; the 699 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 4,460 of 4,704, the LG LF24Z6530* 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.