This study was experimentally performed to find the effects of refrigerant subcooling in the refrigeration system and to propose how to get the efficient use of energy. A refrigerant-subcooling refrigeration system consisted of a typical single vapor-compression refrigeration cycle, a subcooler, and an ice storage tank. The degree of subcooling at the exit of the condenser can be increased by the heat transfer between the subcooler and the ice storage tank. The cold heat in the ice storage tank was stored by using the refrigeration cycle during night time and then used to absorb the heat from the subcooler during daytime. The cooling capacity and COP of this system were higher than those of the conventional system due to the increase in the degree of subcooling. Typically, the refrigerant-subcooling system showed superior performance to the conventional refrigeration system and would also contribute to load leveling.