How can I calculate savings on energy-efficient appliances?
An example of an AI chatbot conversation about calculating savings for energy-efficient appliances.
I'm thinking about buying a new refrigerator. How can I calculate the savings on my energy bill?
To calculate savings, you'll need to compare the energy consumption of your current refrigerator with the new one. Do you have the energy usage details for both?
Yes, my current fridge uses about 600 kWh per year, and the new one is rated at 400 kWh.
Great! You can calculate the annual savings by subtracting the new fridge's usage from the old one: 600 kWh - 400 kWh = 200 kWh saved per year.
How do I convert that into actual dollar savings?
Multiply the kWh saved by your electricity rate. If your rate is $0.12 per kWh, then 200 kWh x $0.12 = $24 saved annually.
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