What the Magic Chef MCDR740BEF costs to run
ENERGY STAR certifies the Magic Chef MCDR740BEF at 344 kWh/yr, cheaper than most models in its category to run for its category.
The $65 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Magic Chef MCDR740BEF against the category
That's 10.9% below the refrigerator category average of 386 kWh/yr, and ranks 2,305 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 $8/year below that average at the national rate. See the methodology page.
What sits beside it in the ranking
Magic Chef MCDR740STE1 ($65/yr, 344 kWh/yr) costs a little more to run than the Magic Chef MCDR740BEF. Magic Chef MCDR740BE1 ($65/yr, 344 kWh/yr) costs a little less.
Same brand, different models
Magic Chef makes 121 ENERGY STAR certified refrigerators; this one ranks 109 of 121 for running cost, between the brand's cheapest, the MCR16CHB at $39/yr, and its priciest, the MCBM920W1 at $70/yr.
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 MCDR740BEF that long and it costs about $841 in electricity, on top of whatever it cost to buy.
Shopping for a new one
The Magic Chef MCDR740BEF is already efficient for its category at $65/year. If you're shopping and comparing options, this is roughly what a well-chosen new refrigerator costs to run.
See what else is certified in this category before you decide.
Protecting what you have
$65/year to run is the predictable cost of the Magic Chef MCDR740BEF; a protection plan covers the unpredictable one, a repair bill.
Sourcing
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. Ranked 2,305 of 4,704, the Magic Chef MCDR740BEF 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.