Why It Is Time to Upgrade Your Furnace
Furnace Upgrade | Why It Is Time to Upgrade Your Furnace
Regular furnace maintenance and prompt repairs can prolong the lifespan of your furnace. And in some cases, HVAC professionals can extend the lifespan of your home's heater, giving you ample time to save up for the purchase of a new one.
But when are you simply prolonging the inevitable? When is it better to purchase a new furnace rather than have the current one installed in your home repaired?
Here are a few reasons which will tell you why it is time to upgrade your furnace.
Your Heater is Nearing the End of its Lifespan - Furnace Upgrade
Furnaces have lifespans ranging between 18 to 20 years. However, your furnace's age is not the sole factor that you should consider when thinking about furnace replacement.
Like other equipment, your furnace can break down. Sometimes, it may just be a minor hiccup. But if the repairs are getting more frequent, you have to ask yourself where you should draw the line. Again, the age of your furnace will be a major consideration.
When is it more economical to have your furnace repaired and when is it more prudent to invest in a new system? First, you have to look at how much you are spending for the repairs and then compare the costs with the price of a new system. If you are spending about half the price of a new furnace for repairs, then it would be better to buy a new one.
However, if your spending is around 10 percent of the cost of a new system, no matter what the age of your furnace is, it is more economical to have your furnace repaired when it breaks down. Of course, if your furnace is nearing the end of its lifespan, you may have to save up money to purchase a new one.
Look at Your Energy Bills
Your furnace may be nowhere near the end of its lifespan but it is worthwhile to factor in its efficiency. And the best and most objective way to do that is to evaluate your energy bills over a given period of time. Although buying a new furnace may seem counterintuitive to the idea of saving money, a new, more efficient furnace can actually do that — help you save money over the long term. By upgrading to a more efficient furnace, you can drastically reduce your spending on fuel.
Individually, these three factors should not be used as the sole basis for upgrading your furnace. Instead, look at these factors together, do the math, and look at how it all adds up.
Is your home ready for a furnace upgrade? Contact Hometown HVAC, your local hvac company in Walnut Creek.