Can purchasing a new furnace save you money?
Updated: Apr 12
In your home, your furnace is the main component that provides you with the air and comfort you desire. Furnaces not only provide heat to your home, but they’re also what provides your home with cool, air conditioned air during those hot summer months. When deciding on whether to pay for repairing your old furnace or upgrading to a new furnace, a lot of things will go into this decision. Initially you may think that taking the “cheaper” route and paying the $100, $500 or $1000 repair bill now will save you money, think twice before making your final decision.
The cost of gas and electricity is always on the rise, and it’s important to consider the overall efficiency of your furnace. The cost of a new furnace can initially be a shock for most people, but beneficial in the long run. Here are a few reasons why buying a new furnace can save you money.
The repair costs of your old furnace can range based on the given issue. It could be a major repair like replacing the blower motor, a control board or something as simple and minor as changing the flame sensor. With older furnaces, once a repair is complete, there are no guarantees other issues may arise. As with any mechanical thing that ages, your furnace requires more repairs as it gets older. Over time, constant repairs add up and become expensive. Especially when many service or after hours calls are required. Often these costs will exceed that of a replacement furnace. Old and outdated furnaces are nothing less than money pits, in which we throw our money and time with no benefit in the long term. If you’re having to call for repairs frequently, you may want to consider a new furnace. Newer furnaces save money as they require less repairs.
When you decide to upgrade and purchase a new furnace, you are investing in a better future. By investing in the new furnace, you are essentially saving yourself money in the future. Saving yourself on repair costs that could be incurred as a result of not changing out your furnace sooner. If you think about it, newer furnaces have a life span between 15-20 years. With most furnaces having a 10 year parts warranty, you’re looking at long term peace of mind.
The Department of Energy (DOE) has passed new regulations that will take place January 2023, that will mandate higher energy efficient HVAC equipment. With these new regulations, new furnaces are more energy efficient and will save money long term. Not only do old furnaces run less efficiently, but they also require more repairs. The cost of running and maintaining older furnaces is significantly greater. Overall, older furnace models consume more energy than the new models.
Now that technology is more advanced, energy efficient and environmentally friendly furnace models exist and they are definitely better options. So take into consideration the longer-term savings you will have. Investing in technology that has the capability to produce the most amount of heat for the least amount of energy is the ideal solution. You’ll save on energy costs, keeping money in your wallet.
Increase the Resale Value of Your Home
If you’re looking to increase the value of your home before selling it, you may consider investing in a new furnace. A new furnace is a huge bonus for homebuyers, as it means they won’t need to spend money on a new furnace any time soon.
I’m sure that environmental benefits are not always top of mind when considering the purchase of a new furnace. The environmental benefits are surely significant. Using efficient heating systems has a positive impact on the environment. With energy efficient furnaces, the use of fossil fuels and power stations is decreased. This results in reduced consumption of natural resources and less pollution.
So not only will a new furnace ensure you all of the benefits mentioned, but with upgrading to the newer higher efficient furnace, you’ll be contributing to positive environmental benefits.
A new furnace can help ensure that more money remains in your pocket, it will increase the resale value of your home, and provide you with an overall higher quality of comfort you desire. It will provide you with peace of mind and a dependable source of heat and air conditioning for your home for a long time!
These are a few reasons why buying a new furnace can save you money. A furnace is one of the priciest and most essential appliances in your home, so homeowners should avoid taking shortcuts when purchasing a replacement or handling maintenance. When upgrading your system with Uni-Serve Air Conditioning, we ensure you get routine system checks to keep your system running and performing at peak efficiency. If you’re ready to have that peace of mind year round, call Uni-Serve Air Conditioning today!