Magic Chef MCDR740WEF Running Cost (Refrigerator)
Magic Chef MCDR740WEF: running cost
The Magic Chef MCDR740WEF is certified by ENERGY STAR at 344 kWh a year, cheaper than most models in its category to run among refrigerators currently certified.
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.
Efficient, or not, for a refrigerator
Against the category average of 386 kWh/yr, this model uses 10.9% less, ranking 2,309 of 4,704 refrigerators tracked here for running cost. That average is drawn from all 4,704 refrigerators ENERGY STAR currently certifies, not an outside number, a $8/year gap from this model at the national rate. Full sourcing is in the sourcing notes.
Right next to it on the list
A rank or two either side of the Magic Chef MCDR740WEF: Magic Chef MCDR740WE1 ($65/yr, 344 kWh/yr), then Mainstays MS953619315307 ($65/yr, 344 kWh/yr).
Comparing Magic Chef's own models
Ranked 113 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 MCDR740WEF that long and it costs about $841 in electricity, on top of whatever it cost to buy.
Weighing a replacement
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
Whether or not the Magic Chef MCDR740WEF ever needs replacing, a repair is the more common failure for a refrigerator, one a protection plan budgets for ahead of time.
Where this number comes from
Ranked 2,309 of 4,704, the Magic Chef MCDR740WEF 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.