When buying a new appliance for the home, the one with the lowest price may not be the smartest purchase. The energy consumption of the appliance you buy has a huge impact on how much it will cost you in the long run. You should realize that energy efficient appliances can dramatically reduce your utility bills. Although their initial cost may be higher, energy saving appliances can make a huge difference in energy consumption and are more environment-friendly.

What To Consider When Buying Home Appliances

When shopping for a new refrigerator, dishwasher or washing machine, the lowest-priced model may not be the cheapest. If the purchase price is your sole gauge for buying a home appliance, you may end up spending more in the long run. Aside from the initial purchase price, you have to factor in the cost of repairs and maintenance and the cost to operate the appliance over its lifetime.

Appliances that are more energy efficient can save you about $20 annually on energy costs. This may not seem like much but if you enjoy these savings for 10 or 15 years you may actually save money if you buy the more expensive, energy-efficient model.

Learn about the efficiency of the appliance you are thinking of buying through the EnergyGuide label. Manufacturers are required by the Federal Trade Commission’s Appliance Labeling Rule to put these labels on the following products:

• Water heaters, boilers and furnaces
• Refrigerators, freezers, washing machines and dishwashers
• Heat pumps and air conditioners
• Pool heaters

Energy Star Appliances

The US Environmental Protection Agency and the Department of Energy created a standard known as “Energy Star”. An energy efficient appliance that uses less energy than the minimum set by the US government is awarded the “Energy Star” label. Energy Star appliances help customers save on energy bills. They also minimize air pollution.

How to Buy Energy Efficient Appliances

1. Select the size and style and make sure you have enough space at home for the new appliance. There should be enough clearance for ventilation and to open the door or lid fully.

2. Compare the features of different models and how well they operate. Look into their safety features, repair and maintenance histories, energy efficiency, etc.

3. Compare the energy usage of different brands and models. Read the EnergyGuide label and estimate the differences in energy cost. Appliances that require more energy will cost more to run. Monthly savings in utility bills matter because you will be using the appliance for 10 to 20 years. Thus, an energy efficient appliance that costs more initially may actually come out cheaper.

4. Inquire about special energy-efficiency offers. The local government or utility company may offer cash rebates, tax credits and other incentives for the purchase of energy efficient appliances.

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