New refrigerators use vastly energy (like 70% less) than older refrigerators (say 15 years old and older). We replaced our 20 year old refrigerator about three years back, after carefully shopping for a high efficiency model (it cost almost the same as the lower efficiency ones). It chopped our electric bill by about 50%. The bill has gone up a little since, we've added some high efficiency florescent lights for early plant starting.
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