Deciding whether to repair or replace your furnace can be difficult. On one hand, the high upfront cost of a brand-new furnace can be daunting. At the same time, a number of benefits come along with a new furnace, including lower energy costs, improved comfort, reduced environmental impact, quieter operation and fewer breakdowns.
Before taking the plunge and investing in a new heating system, carefully weigh the initial expense against the potential benefits. Here are some insider HVAC tips to help you decide whether it is smarter to repair or replace your existing furnace:
- Age. If your furnace is more than 15 years old, you may want to consider replacing it. Even if your existing furnace is still in decent shape, upgrading to one of today’s high-efficiency models could save you a bundle in power costs.
- Unusually high power bills. When energy costs rise, it makes sense that your power bills will increase, too. However, if you see a large jump in your monthly heating expenses, it could be because your aging furnace is quickly losing efficiency. Worn-out parts, inadequate lubrication, built-up grime and a number of other factors can significantly reduce efficiency, increasing your monthly utility bills. Replacing an old, worn-out furnace with a brand-new model can eliminate these problems, resulting in dramatic energy savings.
- Frequent breakdowns. If your furnace breaks down regularly, it could be a sign that it is nearing the end of its usable life. When a furnace reaches this stage, it usually makes more sense to invest in a new model rather than paying for costly repairs that are little more than temporary fixes.
Take a short quiz to see if it is more economical to repair or replace your unit.
If you live in Northern Indiana or Southwest Michigan and would like more insider HVAC tips to help you save money and improve the efficiency of your home, please contact us at Home Comfort Experts.
Home Comfort services the Mishawaka/South Bend areas of Indiana.