Running cost for the Magic Chef MCDR740WE1
At 344 kWh/yr, the Magic Chef MCDR740WE1'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.
Where this ranks
That's 10.9% below the refrigerator category average of 386 kWh/yr, and ranks 2,308 of 4,704 certified refrigerators for annual running cost, 1 being cheapest. Every one of the 4,704 currently-certified refrigerators feeds that average, putting this model about $8/year under it. See how it's calculated on the how it is calculated page.
The closest alternatives by cost
Sorted by running cost among refrigerators, one step cheaper is Magic Chef MCDR740STF ($65/yr, 344 kWh/yr), and one step pricier is Magic Chef MCDR740WEF ($65/yr, 344 kWh/yr).
Same brand, different models
Magic Chef makes 121 ENERGY STAR certified refrigerators; this one ranks 112 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 MCDR740WE1 over 13 years
Over the 13-year service life NAHB reports for this category, running the Magic Chef MCDR740WE1 costs roughly $841 in electricity, separate from the purchase price.
Is it worth replacing?
The Magic Chef MCDR740WE1 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.
Compare current ENERGY STAR certified refrigerators before buying.
Protecting what you have
$65/year to run is the predictable cost of the Magic Chef MCDR740WE1; a protection plan covers the unpredictable one, a repair bill.
The data behind this page
Ranked 2,308 of 4,704, the Magic Chef MCDR740WE1 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. The 344 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.