Summit LBF16B Running Cost (Refrigerator)
Summit LBF16B: running cost
At 429 kWh/yr, the Summit LBF16B's ENERGY STAR certification puts it more expensive than most models in its category to run against every other certified refrigerator.
The $81 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Summit LBF16B against the category
That's 11.1% above the refrigerator category average of 386 kWh/yr, and ranks 3,059 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 above that average at the national rate. See the methodology page.
What sits beside it in the ranking
Summit LBF16PL ($81/yr, 429 kWh/yr) costs a little more to run than the Summit LBF16B. Summit FFBF154SS ($81/yr, 429 kWh/yr) costs a little less.
Comparing Summit's own models
Summit makes 148 ENERGY STAR certified refrigerators; this one ranks 109 of 148 for running cost, between the brand's cheapest, the ADRD15 at $48/yr, and its priciest, the S4D18WIM at $102/yr.
What this adds up to over time
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the Summit LBF16B that long and it costs about $1,048 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Running above the category average, $81/year is exactly the kind of number that makes a newer, more efficient model pay for itself faster.
See what else is certified in this category before you decide.
Protecting what you have
Whether or not the Summit LBF16B ever needs replacing, a repair is the more common failure for a refrigerator, one a protection plan budgets for ahead of time.
Sourcing
At rank 3,059 of 4,704 for running cost, see the refrigerator category page for the rest of the field, or the guide to how much your state matters. The 429 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.