Running cost for the Summit LBF16SS
At 429 kWh/yr, the Summit LBF16SS'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.
Where this ranks
That's 11.1% above the refrigerator category average of 386 kWh/yr, and ranks 3,061 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 over 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 Summit LBF16PL ($81/yr, 429 kWh/yr), and one step pricier is Summit LBF16W ($81/yr, 429 kWh/yr).
Within the Summit lineup
Summit makes 148 ENERGY STAR certified refrigerators; this one ranks 111 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
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the Summit LBF16SS 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.
Worth comparing a few current certified models before deciding.
Protecting what you have
$81/year to run is the predictable cost of the Summit LBF16SS; a protection plan covers the unpredictable one, a repair bill.
The data behind this page
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. At rank 3,061 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.