Cooler weather is becoming a realistic possibility in Troy, which means one thing: it’s time to arrange for your furnace service. However, it’s possible may not be that straightforward if your system is climbing up there in age and has been causing difficulties over the last few years.
Furnace replacement is an investment in your home, like many other home improvement projects are. So how do you know if you should spring for that new furnace now or simply get your annual furnace service completed?
At Edington Heating & Cooling Inc, we know that it can be a tough decision to make, so here are a few tidbits to keep in mind if you’re uncertain which way to choose.
1. Furnace Age
This is probably the biggest factor in to your decision, as furnace technology has improved a number of things, from energy efficiency to the amount of noise it gives off. If your equipment is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be putting that money towards a new system.
However, the average 12-15 year lifetime of a furnace doesn’t mean it can’t run well beyond that. If furnace service has been consistent and it has been correctly maintained, you might be able to go beyond that 12-15 year average.
2. Cost of replacing vs. servicing/repairing
There are always unknowns when it comes to figuring out the cost of replacing versus having furnace service and repairs done, but there are a couple things to keep in mind when considering the two.
- Get a few estimates to make certain you’re getting the best deal.
- Keep track of when your warranty runs out and note what it covers so you’re always saving as much as possible.
- Furnace size will be figured out by the size of your home.
- Cost will vary depending on the level of energy efficiency you’re looking for.
- The higher the AFUE rating, the greater the chance for energy savings.
After you determine the costs of both routes, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term choice.
Of course, these are only a few of the variables, but the team at Edington Heating & Cooling Inc are more than happy to help you determine which furnace is right when replacement becomes imminent. Give us a call at 937-558-9478 to find out what makes sense for both you and your budget.