What the Magic Chef MCR16CHB costs to run
ENERGY STAR certifies the Magic Chef MCR16CHB at 208 kWh/yr, one of the cheaper models in its category to run for its category.
The $39 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Magic Chef MCR16CHB against the category
That's 46.1% below the refrigerator category average of 386 kWh/yr, and ranks 435 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 $33/year below that average at the national rate. See the methodology page.
What sits beside it in the ranking
Magic Chef MCR16CHM ($39/yr, 208 kWh/yr) costs a little more to run than the Magic Chef MCR16CHB. Liebherr UR500 ($39/yr, 208 kWh/yr) costs a little less.
Within the Magic Chef lineup
Magic Chef sells 121 certified refrigerators; this one runs cheapest of them, $31/year under the MCBM920W1, its priciest.
Magic Chef MCR16CHB over 13 years
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the Magic Chef MCR16CHB that long and it costs about $508 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
The Magic Chef MCR16CHB is already efficient for its category at $39/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
At $39/year just to run, a refrigerator is worth protecting against an unplanned repair bill on top of that.
Sourcing
Nothing here is estimated from a nameplate wattage; the 208 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 435 of 4,704, the Magic Chef MCR16CHB 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.