LG LM29VSP7C Running Cost (Refrigerator)
Running cost for the LG LM29VSP7C
At 785 kWh/yr, the LG LM29VSP7C's ENERGY STAR certification puts it one of the more expensive models in its category to run against every other certified refrigerator.
The $148 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
LG LM29VSP7C against the category
That's 103.4% above the refrigerator category average of 386 kWh/yr, and ranks 4,688 of 4,704 certified refrigerators for annual running cost, 1 being cheapest. The category average comes from every refrigerator ENERGY STAR currently certifies (4,704 models), not an outside benchmark, about $75/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
Samsung RF32CG5400 ($148/yr, 785 kWh/yr) costs a little more to run than the LG LM29VSP7C. LG LH29S8565 ($148/yr, 785 kWh/yr) costs a little less.
Same brand, different models
LG makes 132 ENERGY STAR certified refrigerators; this one ranks 129 of 132 for running cost, between the brand's cheapest, the LK14S8000 at $39/yr, and its priciest, the LRMXS3006 at $150/yr.
LG LM29VSP7C over 13 years
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the LG LM29VSP7C that long and it costs about $1,919 in electricity, on top of whatever it cost to buy.
Shopping for a new one
Running above the category average, $148/year is exactly the kind of number that makes a newer, more efficient model pay for itself faster.
Worth comparing a few current certified models before deciding.
Protecting what you have
Whether or not the LG LM29VSP7C ever needs replacing, a repair is the more common failure for a refrigerator, one a protection plan budgets for ahead of time.
Sourcing
Nothing here is estimated from a nameplate wattage; the 785 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 4,688 of 4,704, the LG LM29VSP7C 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.