Does putting a freezer in a garage save you money? Or is it costing you too much?
It has been a pretty mild summer where I live, but this past week was hot! Temperatures were in the 100s which caused me to think about the poor freezer in the garage. That poor guy is working overtime this week fight the hot temperatures to keep all my food nice and cold. So I started to wonder just how much electricity does it take to run that thing, and am I really saving money buying in bulk when I have to pay to run a freezer in a garage in 100 degree heat?
How much does the garage freezer cost you?
My freezer is pretty old and I am sure it is much less efficient than a new freezer might be. How old? I have no idea because I bought it off Craigslist about 6 years ago, and it was old when I bought it. To figure out just how much electricity I was using I went to my trust old P3 P4400 Kill A Watt Electricity Usage Monitor and plugged my freezer into that for a week to see how much power I was using.
In 167 hours it used 22.5 kilowatt hours, which is equivalent to about $0.30/day, $2/ week, or $10/ month when the temperature is 100 degrees. Keep in mind that the temperatures are only this hot a few months a year, so most of the year I am sure my freezer costs a lot less than that to run.
So does a freezer in a garage save you money?
Figuring out exactly how much money I save by having a garage freezer is difficult because it depends on too many variables to put into a simple calculation. So, lets consider all the ways it saves money.
First of all, it allows me to buy in bulk. I like to buy buffalo meat by the side because it is about $2/ pound cheaper that way. The freezer in my regular kitchen refrigerator isn’t near big enough to hold a side of buffalo meat, so I wouldn’t be able to do this without a garage freezer. Lets say my family uses 100 lbs of buffalo meat a year at a savings of $2/ pound means I save $200 per year. When you compare that to the $10/ month cost of running the freezer, you can see I have already made my money back just on that one item.
I also save a lot of money on vegetables with a garage freezer. Large packages of vegetables cost much less per pound than small packages, but I have trouble eating a lot of vegetables all at once. So I buy the big packages, cut them up into small pieces and freeze what I can’t use for later. There are other items I am able to buy larger quantities of as well, but buffalo and vegetables are the two biggest I am sure.
The other way a freezer helps me save money is it lets me take advantage of sales by buying larger quantities of an item when it is at it’s cheapest price. Frozen ravioli is on sale this week? Buy a years worth! Several loaves of French bread for half off on the day old bread rack? Fill the cart up!
But would a newer, more efficient freezer save me even more?
Would buying a new highly efficient freezer save me money? I checked out the prices on a new deep freezethat is much smaller than one I have now and the lowest price I can find is about $200.
If I assume it uses 1/2 the energy then when the temperature is 100 degrees out I would expect to spend $5/ month in energy instead of $10/ month which is a savings of $5/ month. If I pay $200 to save $5/ month, it will be 40 months before I make my money back. Over 3 years? That really isn’t a great deal in my book. When you factor in that the freezer probably costs a lot less than $10/ month to run when it isn’t so hot out I think I am better off with my old freezer, even if it is sucking up the power trying to stay cool when it is 100 degrees out.
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