Monday, December 29, 2014

Newer washing machines and refridgerators can save energy

Many people wonder: "How much money can an energy efficient washing machine really save you?"
It is a complicated question with a lot of answers but I will try to show you how much use energy efficient washing machines take to pay off.
You can buy a standard washing machine for $300-$650 and an efficient washing machine for $600-$1,600. If one assumes a cost of $440 for the standard machine and $1,000 for the energy saving washing machine, the energy use of a standard washing machine usually costs about $0.62 while energy efficient ones cost about $0.41 per load. There is a difference of $0.21 in those two costs. At the rate of saving $0.21 per load, you would have to do about 2,667 loads to start saving money. Although that seems like a lot of loads, the average family does about 400 washing machine loads per year. On average, it would take you six and a half years to save money which is a long time. Although it will eventually start saving you money over time, if electricity prices increase the amount of time will decrease.  But the main reason that people should buy energy efficient washing machines is if they care about the environment.



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