LG LW1224IVSM Running Cost (Room Air Conditioner)
Running cost for the LG LW1224IVSM
The LG LW1224IVSM is certified by ENERGY STAR at 600 kWh a year, about average for its category to run among room air conditioners currently certified.
That $113 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 LW1224IVSM compares to other room air conditioners
Against the category average of 603 kWh/yr, this model uses 0.5% less, ranking 288 of 447 room air conditioners tracked here for running cost. 447 certified room air conditioners, one average, about $1/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the LG LW1224IVSM on that list: LG LW1222IVSM ($113/yr, 600 kWh/yr) runs slightly less, while Midea 1014634874 ($113/yr, 600 kWh/yr) runs slightly more.
Comparing LG's own models
Ranked 7 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 LW1224IVSM over 10 years
Over the 10-year service life NAHB reports for this category, running the LG LW1224IVSM costs roughly $1,128 in electricity, separate from the purchase price.
Weighing a replacement
Efficient as certified room air conditioners go, $113/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
$113/year to run is the predictable cost of the LG LW1224IVSM; a protection plan covers the unpredictable one, a repair bill.
How this was checked
Ranked 288 of 447, the LG LW1224IVSM sits in the middle of the room air conditioner category, see the guide to why your state changes this number for the other half of the math. The 600 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.