LG LW1022IVSM Running Cost (Room Air Conditioner)
LG LW1022IVSM: running cost
The LG LW1022IVSM is certified by ENERGY STAR at 500 kWh a year, cheaper than most models in its category to run among room air conditioners currently certified.
That $94 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 LG LW1022IVSM compares to other room air conditioners
Against the category average of 603 kWh/yr, this model uses 17.1% less, ranking 184 of 447 room air conditioners tracked here for running cost. 447 certified room air conditioners, one average, about $19/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the LG LW1022IVSM on that list: LG LW1022FVSM ($94/yr, 500 kWh/yr) runs slightly less, while Midea 1014634875 ($94/yr, 500 kWh/yr) runs slightly more.
Comparing LG's own models
Ranked 5 of LG's 12 certified room air conditioners, this sits between the LW6023IVSM ($55/yr, the brand's cheapest) and the LW2422IVSM(230V) ($229/yr, its priciest).
LG LW1022IVSM over 10 years
NAHB's Study of Life Expectancy of Home Components puts a typical room air conditioner's service life at 10 years; run the LG LW1022IVSM that long and it costs about $940 in electricity, on top of whatever it cost to buy.
Weighing a replacement
Efficient as certified room air conditioners go, $94/year is a reasonable baseline if you're comparing what else is on the market.
Compare current ENERGY STAR certified room air conditioners before buying.
If you're keeping it
$94/year to run is the predictable cost of the LG LW1022IVSM; a protection plan covers the unpredictable one, a repair bill.
How this was checked
At rank 184 of 447 for running cost, see the room air conditioner category page for the rest of the field, or the guide to how much your state matters. The 500 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.