If you have an older furnace, it is more likely that system components will wear out and necessitate a repair. If you have a minor problem like a failing pilot light or thermocouple, then it probably makes sense to make a repair. On the other hand, if your system needs a major repair, you should at the very least contemplate replacing your furnace.
Over the years, the government has enforced more stringent requirements for furnace efficiency on furnace manufacturers. Thus, if you have a furnace that is twenty or more years old, chances are good that even when it started out its life, it was not as efficient as the least efficient furnaces that roll off the assembly line today. For example, an old furnace may have started out around 70% efficient and thanks to wear and tear over the years is now only 50% efficient. If this is the case with your furnace, you are simply throwing away $50 of every $100 you spend on heating your home.
While paying too much to heat your home is troubling, you might feel like you don't have the money to cover installation costs. To decide if you have room in your budget for your new furnace, you need to figure out how much money you stand to save from month to month with your new furnace. For example, if you install a modern 98% efficient furnace, you only waste $2 of every $100 you spend on heating your home. Thus, as long as your total savings are more than your total financing costs, you should be able to afford buying a new highly efficient furnace instead of trying to make do with a grossly inefficient older furnace.
In some cases, the government is even willing to offer tax rebates and other incentives to buy a new furnace. If you are worried about being without heat, know that a good contractor should be able to install a new furnace in less than a day. Once installed, you should be able to get cost-effective, reliable heat from your new furnace for years to come. On the other hand, once your old furnace is repaired, it may only be a matter of time before your furnace goes out again. If you are on the fence about buying a new furnace, be sure to talk your situation over with an HVAC technician from a company like Chappel's Heating & Cooling to help decide if a new heating system makes sense.Share