Summit LRF714SS Running Cost (Refrigerator)
What the Summit LRF714SS costs to run
ENERGY STAR certifies the Summit LRF714SS at 359 kWh/yr, about average for its category to run for its category.
That $67 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.
How the Summit LRF714SS compares to other refrigerators
Against the category average of 386 kWh/yr, this model uses 7% less, ranking 2,480 of 4,704 refrigerators tracked here for running cost. 4,704 certified refrigerators, one average, about $5/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Summit LRF714SS on that list: Summit LRF713B ($67/yr, 359 kWh/yr) runs slightly less, while ABL AREF18 ($68/yr, 360 kWh/yr) runs slightly more.
Within the Summit lineup
Ranked 61 of Summit's 148 certified refrigerators, this sits between the ADRD15 ($48/yr, the brand's cheapest) and the S4D18WIM ($102/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 Summit LRF714SS that long and it costs about $877 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Efficient as certified refrigerators go, $67/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
At $67/year just to run, a refrigerator is worth protecting against an unplanned repair bill on top of that.
How this was checked
Nothing here is estimated from a nameplate wattage; the 359 kWh/yr is ENERGY STAR's own certified figure for this model. The full Refrigerator category page shows all 4,704 refrigerators ranked by cost; the state-rate guide covers the half of this number that isn't the appliance.