Air conditioner is one of the major electricity consuming appliances used daily in Malaysian households. Utilizing energy efficient air conditioner is crucial to save electricity and thus reduce consumer bills. This work presents the total electricity and cost savings gained from the adoption of energy efficient air conditioners, in compliance with Minimum Energy Performance Standards (MEPS). Based on our data analysis, an inverter type air conditioners consumes 33% less electricity on average than the non-inverter type air conditioners. Meanwhile, the potential life cycle cost savings by adopting a 5-star inverter type air conditioner as opposed to 2-star non-inverter type is significantly huge amounted to RM 3,907. In conclusion, choosing highly energy efficient air conditioners is a smart decision to accrue greater savings over time.