What the Summit CP7**** costs to run
At 327 kWh/yr, the Summit CP7****'s ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified refrigerator.
The $61 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Summit CP7**** against the category
That's 15.3% below the refrigerator category average of 386 kWh/yr, and ranks 2,116 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 $11/year below that average at the national rate. See the methodology page.
What sits beside it in the ranking
Summit CP72W ($61/yr, 327 kWh/yr) costs a little more to run than the Summit CP7****. Summit CP7*** ($61/yr, 327 kWh/yr) costs a little less.
Same brand, different models
Summit makes 148 ENERGY STAR certified refrigerators; this one ranks 33 of 148 for running cost, between the brand's cheapest, the ADRD15 at $48/yr, and its priciest, the S4D18WIM at $102/yr.
Cost over its typical lifespan
Over the 13-year service life NAHB reports for this category, running the Summit CP7**** costs roughly $799 in electricity, separate from the purchase price.
Shopping for a new one
The Summit CP7**** is already efficient for its category at $61/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
A refrigerator like the Summit CP7**** 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. Ranked 2,116 of 4,704, the Summit CP7**** 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.