Model
Lg LF24WZP62*
Rank #947 means 946 of the 1,000 refrigerator models we track cost less to run each year; the 50th efficiency percentile means it uses less energy for its size than 50% of those models.
What does the Lg LF24WZP62* cost to run per year?
The Lg LF24WZP62* costs about $130 a year to run, well up the cost table for its class at rank #947 of 1,000. It uses 8% less energy than the U.S. federal standard model in its class, which would cost about $139/yr to run, a saving of roughly $9 a year. Its size-adjusted efficiency percentile of 50 lands in the middle of the pack once capacity is accounted for. Counter-depth construction, which this model has, generally means a shallower cabinet and less interior volume than a standard-depth model the same width, a tradeoff worth knowing if you are comparing it on cubic feet.
Immediately around it on the leaderboard, the Cafe CAE28DM*T*** at $130/yr runs a little cheaper and the Lg LF26WCH5H* at $130/yr runs a little more, a sense of how tightly models are packed at this point in the ranking. A refrigerator typically stays in service for somewhere around 12 years; over that span, the Lg LF24WZP62*'s $130/yr adds up to roughly $1560 in electricity alone, before purchase price or repairs.
Also sold as: Lg LY24Z6231*.
By the numbers
The Lg LF24WZP62* normalized against its whole class, so each figure means something.
What it costs you over time
Running cost is an every-year number, so it compounds. At $130/yr, here is what the Lg LF24WZP62* adds up to before purchase price, water, or repairs enter the math.
Left running for a decade at today's US average rate, the Lg LF24WZP62* costs about $1300. That is roughly $90 less than a standard model in its class, which would run closer to $1390 over the same ten years.
How the Lg LF24WZP62* compares
The refrigerator class we track runs from $8 to $149 a year. At $130/yr, it runs about $66 a year above the class median of $64, and it is about $122 a year more than the cheapest refrigerator to run at $8. Against the US federal standard model for its class at about $139/yr, the Lg LF24WZP62* uses 8% less energy.
What drives its running cost
At 23.7 cu ft, the Lg LF24WZP62* is a large refrigerator for its class, which spans 1.2 to 31.7 cu ft with a median of 12.6 cu ft, and larger refrigerator models generally cost more to run than smaller ones in the same class, simply because there is more to keep cold, spin, heat, or light.
- Counter depth vs standard depth. Standard-depth models generally offer more interior volume per unit of width than counter-depth models, a tradeoff between built-in looks and cubic feet.
- Interior volume. More cubic feet of cold air to maintain generally means a bigger compressor and a higher running-cost figure, even among efficient models.
- Compressor technology. How a compressor cycles, full on/off versus a variable-speed inverter design, is one of the biggest hidden differences behind two fridges with similar cubic feet but different running costs.
- Placement and ventilation. Ventilation clearance around the back and top matters more than most owners expect; a fridge starved of airflow runs its compressor longer to hold the same temperature.
Common questions
Is the Lg LF24WZP62* cheap to run?
Its $130/yr running cost, rank #947 of 1,000, is above what most refrigerator models we track cost to run, so this is not one of the cheaper picks on electricity alone.
How much does the Lg LF24WZP62* cost per month?
About $10.81 a month, which is the $130 annual estimate spread across twelve months at the US average rate of $0.1856/kWh. Your own bill scales with your local electricity rate and how heavily you use it.
How is this running-cost figure calculated?
The formula is annual kWh times price per kWh: 699 kWh from ENERGY STAR times the US average of $0.1856/kWh comes to about $130 a year. It covers electricity only, not the purchase price, water, or installation.
How efficient is the Lg LF24WZP62* for its size?
50th percentile once size is factored in. That means its size-adjusted efficiency is a real factor in the running-cost figure above; its capacity plays a large role too.
Cheaper to run in the same class
| Rank | Model | Cost/yr |
|---|---|---|
| 946 | Cafe CAE28DM*T***28.3 cu ft | $130 |
| 945 | Hisense RF254N6C*E25.4 cu ft | $129 |
| 944 | Lg LRSVS2706*27.1 cu ft | $129 |
| 943 | Bosch B26FT50SNS25 cu ft | $129 |
| 942 | Hisense HRM260N6T*E25.6 cu ft | $128 |
Source
ES_1118034_LF24WZP62*_03062026113734_80290392View certified refrigerator listingsENERGY STAR data as of July 2026Lg and LF24WZP62* are used here for identification only and are not endorsements. Figures are computed by WattWise Labs from public ENERGY STAR data, not measured in our own lab.