๐Ÿ“ˆWill replacing it pay for itself?

โœ“ Tested & verified Updated: How we calculate this

Every efficient appliance is sold on its running cost. The only question that matters is how many years it takes to get the difference back.

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One appliance a month worth measuring or changing, and what it does to the yearly total. No tariff pitches, no prices โ€” the numbers that stay true.

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How this works

Enter what the old appliance uses in a year, what the new one uses, your electricity price and the extra you would pay for the efficient model. The payback is the price gap divided by the yearly saving. Anything under about five years is usually worth doing on running cost alone; anything over fifteen is being bought for a different reason.

Typical paybacks

What replacing an old appliance with an efficient one saves a year, and how long that takes to pay for itself.

ReplacementSaving a year at $0.17Typical price gapPayback
Vented โ†’ heat pump dryer$78$300~4 years
15-year-old โ†’ new fridge freezer$43$700~16 years
Resistance heater โ†’ mini split$294$3,000~10 years
Tank โ†’ heat pump water heater$442$1,500~3 years
Single โ†’ variable-speed pool pump$214$800~4 years

Paybacks shorten wherever electricity is dearer. The same heat pump dryer pays back roughly twice as fast in Germany as in the United States.

Frequently asked questions

Should I compare against the full price or the price gap?

The gap, when the old appliance needs replacing anyway โ€” you were going to buy something. Compare against the full price only when the old one still works and the replacement is purely a running-cost decision.

Where do I get the yearly kWh figures?

The energy label gives an annual figure for both. For the old appliance, if the label is long gone, the wattage table and your own usage hours give a good estimate โ€” or measure it with a plug-in monitor for a fortnight and multiply.

Does the payback change if electricity gets dearer?

Yes, and in your favour. A payback calculated at today’s price is conservative if prices rise, which is why the price per kWh is a column rather than a constant โ€” run it twice and see.

How we calculate this

Payback in years is the extra price divided by the yearly saving, where the saving is (old kWh โˆ’ new kWh) ร— price per kWh. No discounting, inflation or maintenance differences are modelled: the aim is a comparable figure across appliances rather than a financial model, and adding assumptions would change the ranking without improving the accuracy.