And while you're here, we're going to take you down memory lane for an old post on how-to-read Energy Guide label that you can use for comparison shopping.
The purpose of the label for consumers to use it for comparison shopping. It is a fair comparison using similar product and rate based (average national rates as opposed to average local rates).
Here is the how-to, via Energy Savers.
1- Estimated energy consumption on a scale showing a range for similar model.
2- Estimated yearly operating cost based on the national average cost of electricity.
By the way, there's a $1,500 tax credit for home energy efficiency improvement from Stimulus package in which you can get up to 30% of the cost or $1,500 credit for improvement around the house. Some of the things qualify for the credit, i.e. windows, doors, water heaters, solar panels, etc.
Will discuss this into more details what items qualify for the credit sometime next week. So check back for update..