Magic Chef MCDR740STE1: running cost
At 344 kWh/yr, the Magic Chef MCDR740STE1's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified refrigerator.
The $65 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Magic Chef MCDR740STE1 against the category
That's 10.9% below the refrigerator category average of 386 kWh/yr, and ranks 2,306 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 MCDR740STF ($65/yr, 344 kWh/yr) costs a little more to run than the Magic Chef MCDR740STE1. Magic Chef MCDR740BEF ($65/yr, 344 kWh/yr) costs a little less.
Comparing Magic Chef's own models
Magic Chef makes 121 ENERGY STAR certified refrigerators; this one ranks 110 of 121 for running cost, between the brand's cheapest, the MCR16CHB at $39/yr, and its priciest, the MCBM920W1 at $70/yr.
Magic Chef MCDR740STE1 over 13 years
13 years is NAHB's typical service life for this category; at $65/year, the Magic Chef MCDR740STE1 adds up to about $841 in electricity over that span.
Weighing a replacement
The Magic Chef MCDR740STE1 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.
Worth comparing a few current certified models before deciding.
Protecting what you have
A refrigerator like the Magic Chef MCDR740STE1 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.
Sourcing
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. 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.