No one likes when they heating or cooling system isn’t performing has it once did. Does it just need a repair or is there a bigger issue? Will you need to start thinking about getting the whole system replaced or can you get by until next season? We are going to cover what you should take into consideration if you are faced with this problem in your home.
If your system is on the fritz, and you are caught between wanting to replace your system or just repair it- consider your budget. The average single family home HVAC system can run anywhere between $5,000 to $12,000 depending on the size and options you choose. Before you throw your hands up in the air and start running for the hills, remember that many HVAC companies offer financing that can make that price of a new system a lot more affordable. If financing isn’t the route you want to go and you don’t have the budget for a new system replacement, maybe repairing the system until you do is the best option. Your contractor will be able to guide you in the safest and best direction when it comes to deciding how long you can hold off on the new system.
Consider How Old The System Is
A lot of times, people end up “band-aiding” a system that really should be replaced. The average lifespan of a heating and cooling system is around 15 years depending on wear and tear and usage. Can some last a lot longer? Of course, but some can last even less than 10 years. Another things to think about is the energy efficient systems that have come to the market that can really save you monthly costs and perform a lot better than an old system can. Your service contractor will be able to tell you the estimated savings from your old system to a new energy efficient system which will allow you to make the best decision for your home and budget.
Check Your Energy Bills
Not sold on the thought of a new system? Check your energy bills over the last 12 months. The biggest tell that your system is costing you more than it should is side by side comparisons of the increasing energy bills each month. A tell tale sign that your system is going is if there is a constant increase each month especially when comparing cold months against cold months and vice versa. An old system that continues to cost you more might be telling you it’s time for a replacement.
No matter what you decide to do, whether it be replacing the old and worn out system with a new energy efficient one or just buying some more time, your contractor should be able to guide you to the right decision for your home.