Cooler weather is becoming a real possibility in Lexington, which means one thing: it’s time to set up your furnace service. However, it’s realistic that it may not be that straightforward if your system is beginning to get up there in age and has been causing problems over the last few years.
Furnace replacement is an investment in your home, like nearly all other home improvement projects are. So how do you know if you should buy that new furnace now or just get your annual furnace service done?
At James Heating & A/C, Inc, we know that it can be a tough decision to make, so here are a few things to keep in mind if you’re unsure which way 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 average 12-15 year lifespan of a furnace doesn’t mean it can’t run well beyond that. If furnace service has been scheduled regularly and it has been well maintained, you may be able to go beyond that 12-15 year average.
2. Cost of replacing vs. servicing/repairing
There are always unique circumstances 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 comparing the two.
- Get a couple estimates to make sure 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 calculated by the size of your home.
- Cost will fluctuate depending on the level of energy efficiency you’re wanting.
- The higher the AFUE rating, the greater the chance for energy savings.
After you calculate 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 solution.
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 determine which furnace is right when replacement becomes a necessity. Give us a call at 336-853-6070 to find out what makes sense for both you and your budget.