What the Magic Chef MCDR740BE1 costs to run
At 344 kWh/yr, the Magic Chef MCDR740BE1's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified refrigerator.
That $65 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 Magic Chef MCDR740BE1 compares to other refrigerators
Against the category average of 386 kWh/yr, this model uses 10.9% less, ranking 2,304 of 4,704 refrigerators tracked here for running cost. 4,704 certified refrigerators, one average, about $8/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Magic Chef MCDR740BE1 on that list: LG LT18S2100* ($65/yr, 344 kWh/yr) runs slightly less, while Magic Chef MCDR740BEF ($65/yr, 344 kWh/yr) runs slightly more.
Same brand, different models
Ranked 108 of Magic Chef's 121 certified refrigerators, this sits between the MCR16CHB ($39/yr, the brand's cheapest) and the MCBM920W1 ($70/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 Magic Chef MCDR740BE1 that long and it costs about $841 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Efficient as certified refrigerators go, $65/year is a reasonable baseline if you're comparing what else is on the market.
See what else is certified in this category before you decide.
If you're keeping it
$65/year to run is the predictable cost of the Magic Chef MCDR740BE1; a protection plan covers the unpredictable one, a repair bill.
How this was checked
Nothing here is estimated from a nameplate wattage; the 344 kWh/yr is ENERGY STAR's own certified figure for this model. The full Refrigerator category page shows all 4,704 refrigerators ranked by cost; the state-rate guide covers the half of this number that isn't the appliance.