Summit LTM10B Running Cost (Refrigerator)
Running cost for the Summit LTM10B
The Summit LTM10B is certified by ENERGY STAR at 296 kWh a year, cheaper than most models in its category to run among refrigerators currently certified.
That $56 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.
Efficient, or not, for a refrigerator
Against the category average of 386 kWh/yr, this model uses 23.3% less, ranking 1,687 of 4,704 refrigerators tracked here for running cost. That average is drawn from all 4,704 refrigerators ENERGY STAR currently certifies, not an outside number, a $17/year gap from this model at the national rate. Full sourcing is in the sourcing notes.
Right next to it on the list
A rank or two either side of the Summit LTM10B: Summit FF1102B ($56/yr, 296 kWh/yr), then Summit LTM10PL ($56/yr, 296 kWh/yr).
Comparing Summit's own models
Ranked 10 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
13 years is NAHB's typical service life for this category; at $56/year, the Summit LTM10B adds up to about $723 in electricity over that span.
Weighing a replacement
Efficient as certified refrigerators go, $56/year is a reasonable baseline if you're comparing what else is on the market.
Worth comparing a few current certified models before deciding.
If you're keeping it
$56/year to run is the predictable cost of the Summit LTM10B; a protection plan covers the unpredictable one, a repair bill.
Where this number comes from
Nothing here is estimated from a nameplate wattage; the 296 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 1,687 of 4,704, the Summit LTM10B 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.