Many American households in the present day have a number of deep freezers designed to retailer meals for the long run. Owning and stocking, a freezer with meals, leftovers, and meat has a wide range of advantages. Depending on the kind of meals you’re freezing, spoilage will be prevented for as much as 18 months in some instances. This may help scale back the variety of grocery retailer journeys that you should make and may help you capitalize on sale costs once they come round. A freezer can be good to serving to you to benefit from the potential financial savings of shopping for in bulk. In addition, in the event you lose your job or one thing else occurs that forestalls you from shopping for extra meals (or incomes extra money), you may probably survive for per week or extra with the meals saved in your freezer and your pantry.
With all the good advantages of proudly owning a freezer, it begs the query: Is it actually economical to freeze your meals, particularly in gentle of accelerating prices for electrical energy? In different phrases, does conserving meals in a freezer at your own home save or price you cash?
The Initial Cost of a Freezer
The price of buying a freezer must be thought-about within the equation when trying to reply this query. The preliminary price of a freezer will fluctuate enormously relying on the model, the dimensions, the model and the options that you just want. In order to reply this query, I researched a variety of freezers and their relative prices. The desk beneath exhibits a pattern of 37 freezers and their worth as of 2018.
Next is a graph exhibiting the price of freezer versus the cupboard space.
You can clearly see a development in growing worth as in comparison with storage quantity. It’s attention-grabbing to notice that the value enhance is mainly linear (apart from just a few outliers) which implies that the associated fee per cubic foot of storage is considerably fixed. The common price per cubic foot of storage for chest freezers is $35.77 whereas the associated fee per cubic foot of storage for upright freezers is $44.81. The common preliminary price of all freezers within the pattern is $522.76 and comes with a storage quantity of 13.2 cuft. Another attention-grabbing factor is that that upright freezers price considerably greater than chest freezers.
Long Term Cost of a Freezer
The life expectancy of a typical freezer is about 20 years and so they solely require minimal upkeep. Most freezers solely want periodic defrosting and the elimination of amassed mud/particles from any followers or ducts. Therefore, upkeep prices shall be ignored when analyzing the long run prices of possession. With that stated, the actual price of freezer possession comes within the type of electrical utilization.
Just just like the preliminary price of buying a freezer, electrical utilization varies based mostly on the design and effectivity of the freezer. The price of electrical energy additionally varies relying in your location. In Idaho, electrical energy could solely price eight.zero cents/kwh whereas in Hawaii it might price as a lot as 33.2 cents/ kwh. The common price of electrical energy within the United States is about 12 cents/ kwh. The desk beneath exhibits usages and related prices of possession for the common price of electrical energy relative to the freezers measurement.
Next is a graph exhibiting the connection between storage measurement and the annual price of electrical energy.
As you may see, there’s a related correlation between storage quantity and annual electrical energy utilization. The price of electrical energy is expounded to the storage measurement of the freezer. The common annual electrical price for a chest freezer is $31.61 and for upright freezers the associated fee is $50.90. When wanting on the information as an entire, the common annual electrical price of a median freezer is $39.95.
The Cost of Food
The price of shopping for meals is more durable to quantify than the price of the freezer is. The sum of money you’ll spend on groceries is determined by your loved ones measurement, meals tastes, and shopping for habits. For instance, in the event you solely ever buy the quantity of meals you want for any given week and nothing extra, there may be virtually no have to have a freezer within the first place. Additionally, in the event you by no means have a look at sale costs and don’t have any want to purchase in bulk or retailer meals for longer than it might final in a fridge, then a freezer can be of no worth to you.
The benefit that comes from shopping for and utilizing a freezer comes from how one can leverage its advantages to avoid wasting you cash. Any potential cash financial savings from freezing meals would come from a discount within the variety of grocery retailer journeys it’s a must to make in addition to any financial savings generated by altering your spending habits. For instance, a freezer will equip you to have the ability to capitalize on sale costs or bulk purchases.
The desk beneath exhibits the potential annual grocery invoice for a household of 4 for 2 totally different eventualities. The first situation is the household who grocery retailers weekly, would not fear about sale costs, and would not freeze any meals. The second situation is the household who retailers biweekly, appears to be like for gross sales of freezable items (meat particularly), buys in bulk, and makes use of a freezer to retailer the meals to be used when costs are larger.
Without contemplating the price of buying and proudly owning a freezer, it might seem that the household who retailers much less typically and purchases cut price and bulk meals would save about $689 per yr as in comparison with the opposite household.
Putting it All Together
When we mix the price of shopping for/proudly owning a freezer with that of a conscientious grocery shopper, the outcomes are attention-grabbing. The graph beneath compares the cumulative price of grocery buying/consuming for a 10 yr interval for a with and with out freezer situation. Note that for a household who makes use of a freezer the “average” or “typical” values calculated above had been used within the evaluation.
Does Owning and Using a Freezer Save Money?
Based on this info, we are able to conclude that for a typical or common state of affairs, proudly owning a freezer is certainly a cheap answer to saving cash on groceries over the long run. According to this evaluation, the breakeven level happens throughout the first yr. This implies that somebody who purchases a freezer and invests extra time into buying smarter will see financial savings inside just a few months.
Again, that is for a really “average” state of affairs assuming an annual grocery invoice of $9,282 (non-freezer person) or $eight,593 (freezer person), a 13.2 cuft freezer with an preliminary price of $522.76, and a median annual price of electrical utilization of $39.95. I attempted this evaluation with a wide range of different conditions and located that in virtually each one, buying a freezer was a superb funding that paid off rapidly. This is as a result of the price of groceries are a lot larger than the price of a freezer and even a small quantity of financial savings may end up in massive financial savings over time.
Everyone’s private state of affairs is totally different. You’ll nonetheless want to contemplate the prices of electrical energy in your particular space in addition to the preliminary price of the particular freezer that you just buy. In addition, you grocery shopping for and consuming habits might change the economics of shopping for and proudly owning a freezer. And lastly, you’ll have to determine how a lot time you need to spend money on grocery buying with a view to capitalize on sale costs and bulk purchases.