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Are Energy Efficient Appliances Worth The Cost?

saving money with energy efficient appliances

When we built our house almost 11 years ago, it was really fun to pick out all new appliances. We chose higher end, energy efficient models thinking we’d be kind to the environment and save all kinds of money on utility bills. Plus, stainless steel is really pretty and modern looking! Our refrigerator, stove, dishwasher, and microwave/hood priced in at around $5000 back in 2004. We also spent about $1600 on a new washer/dryer set that was supposed to be the greatest thing since sliced bread. So 11 years later, were the energy efficient appliances worth the cost? How Much Would Cheap Appliances Have Cost Back Then? I honestly can’t say for sure how much cheap appliances cost in 2004. We were not in a saving money mindset back then, but I would ball park the cost at around $2000. We could have also bought a basic washer dryer set for around $500-$600. How Much Have We Saved on Energy Costs? That’s a really hard thing to speculate since we’ve never seen an electric bill with non-energy efficient appliances, but according to the calculator at energystar.gov, our appliances save an average of $85 per year on water, gas, and electricity. ...

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