Furnace Service or Furnace Replacement: What to Consider09/11/2015Cooler weather is becoming a real possibility in Lexington, which means one thing: it’s time to schedule your furnace service. However, it’s possible may not be that clear cut if your system is starting to get up there in age and has been causing issues 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 get that new furnace now or arrange to get your annual furnace service handled? At James Heating & A/C, Inc, we know that it can be a difficult decision to make, so here are a few pointers to keep in mind if you’re not sure which path to choose. 1. Furnace Age This is more than likely the biggest factor in to your decision, as furnace technology has improved quite a few 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 typical 12-15 year lifecycle of a furnace doesn’t mean it can’t work well beyond that. If furnace service has been scheduled regularly and it has been correctly maintained, you may be able to go beyond that 12-15 year average. 2. Cost of replacing vs. servicing/repairing There are always variables when it comes to determining the cost of replacing versus having furnace service and repairs done, but there are a couple things to keep in mind when assessing the two. Furnace service Get a couple estimates to ensure you’re getting the best deal. Keep track of when your warranty is up and note what it includes so you’re always saving as much as possible. Furnace replacement Furnace size will be figured out by the size of your home. Cost will fluctuate 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 figure out the costs of both choices, 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 couple of the variables, but the team at James Heating & A/C, Inc are more than happy to help you decide which furnace is right when replacement becomes imminent. Give us a call at 336-853-6070 or set up an appointment through our online scheduler to find out what makes sense for both you and your budget.