One tough part of owning a home is the costs of repairing or replacing any HVAC equipment. Especially in an emergency situation, when your air conditioner isn’t cooling the house or in the winter when your furnace isn’t heating, it’s not an easy decision on whether to make the investment of a new unit or repair your existing one. Before making that decision, there are some considerations you can make to determine what is best for you and your household.
HOW OLD IS YOUR SYSTEM? On average, a furnace will last around 15-20 years, with air conditioners or heat pumps lasting around 10-12. As units age, they will typically require more maintenance and may need costly repairs.
WHAT WOULD IT COST TO REPAIR? If the cost of repair exceeds half the cost of replacing, refer to the “50 Percent Rule,” or a general rule of thumb that encourages pursuing a new investment when the repair of an old one exceeds half the cost of a new one.
HOW EFFICIENT IS YOUR SYSTEM? As with other technology, heating and cooling systems have advanced to include new features and greater energy efficiency than before; these improvements can reduce your monthly utility bills.
If you’re stuck between a rock and a hard place, having a professional evaluate your system and home’s needs can help ease the decision of repairing or replacing. For a complimentary quote to replace your system, contact Debord’s One Hour Heating and Air Conditioning.