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Is replacing that old appliance worth it?

Replacing a working appliance only makes financial sense when the energy saving repays the purchase within a reasonable share of the new unit's life. The two numbers you need are on the yellow EnergyGuide label: estimated kilowatt-hours per year for each machine.

What to know

Questions

Where do I find kilowatt-hours per year?
The yellow EnergyGuide label on new units, and the manufacturer's spec sheet or model lookup for the old one. Failing that, a $25 plug-in meter measures it directly in a week.
Does this account for the old unit's remaining value?
No. It compares running costs only. If the old unit still has resale value, subtract it from the purchase price.

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