Should You Repair or Replace Your Furnace, Boiler, or Air Conditioning Unit?
Are you facing issues with your heating and cooling system and wondering whether to repair or replace it? You might also be asking yourself: “what will it cost me to keep my system?”
The decision to repair or replace a furnace, boiler, or AC unit can be challenging as it involves a trade-off between the cost of repairs and the cost of a new furnace, boiler, or air conditioner. In this blog, we will discuss some important factors to consider when making this decision.
Energy Efficiency
One of the benefits of replacing your heating and cooling system with a high-efficiency model is that it can help you reduce your energy bills and carbon footprint. Not only will you save money on utility bills, but a more efficient system can also increase the market value of your home.
Moreover, if your new system meets the highest energy efficiency tier, you may be eligible for tax and rebate incentives. Remember to always check with your tax professional and government websites for the latest information.
Age of the System
If your heating and cooling system is less than 10 years old, still under warranty, and has a high-efficiency rating, it may be worth considering a repair. However, if your system is older than 10 years, it could be time to replace it with a more efficient model, especially in the case of an air conditioner that still uses a refrigerant now prohibited and harmful to the environment.
If you are considering selling your home in the near future, buyers are willing to pay more for a home with an updated as well as efficient heating and cooling system that meets current code specifications.
The extent of Issues and Frequency of Breakdowns
If your heating and cooling system requires frequent repairs, it may be more cost-effective to replace it. On the other hand, if it requires only minor repairs, such as fixing a faulty sensor or a clogged drain line, it could be worth repairing it. If the cost of recent repairs is more than 25% of the cost of a new system, it is recommended to opt for a replacement.
Size
If your heating and cooling system is not appropriately sized for your home, it may not perform at its best and can result in higher energy bills. In this case, consider replacing it to maximize your comfort and efficiency.
Bottom Line
In conclusion, the decision to repair or replace your heating and cooling system depends on several factors, including its age, efficiency, extent of issues, frequency of breakdowns, and size. Consult a professional HVAC technician at TradeMasters to evaluate your system and provide you with a cost-benefit analysis.
At TradeMasters HVAC Services Inc., we understand the importance of making an informed decision when it comes to your heating and cooling system. Contact us today at (587) 772-4050 or request an appointment online to get started.
