If your heating system keeps breaking down and you’ve paid a lot for repairs over the last few years, then it’s probably time for a replacement furnace. However, since a new furnace requires a hefty investment, it’s advisable to do some research before spending your hard-earned money. Ask the following four questions to determine if you need a furnace replacement and if so, what your options are.
- Is it time for a replacement furnace? On average, furnaces have a lifespan of 15 to 20 years. Check the label to know the exact manufacturing date of your furnace to see how old it is. According to Time Money, if the appliance is past 75 percent of its life expectancy, it’s time to start thinking about replacing it.
- Is the furnace really beyond repair? In general, replacement is advisable if the costs of repairs would amount to 33 percent or more of replacing the appliance. Of course, if the appliance is still under warranty, the manufacturer will cover the costs of repairs or replacement. However, if your furnace is in that in-between phase where the warranty doesn’t apply but the appliance isn’t that old and if you’ve diligently kept up with the maintenance, then it’s unusual to be spending large amounts of money on repairs. You might want to get a couple of quotes from local contractors who specialize in furnaces before making up your mind since your usual contractor might have missed something or simply not be as experienced as you thought.
- What kind of furnace is best for your needs? There are several different types of furnaces available. Electric furnaces are safe, easy to maintain, and don’t require any special fuel pipes or venting. However, they’re not very energy-efficient. Gas furnaces require a connection to the municipal gas line, as well as internal ductwork, and they’re relatively energy-efficient. Oil furnaces are rapidly becoming less popular due to the rising oil costs. Finally, in recent years, a range of green furnace types have entered the market, including geothermal and solar panels. These are not only eco-friendly; you can also get a hefty tax credit for them.
- How much should I budget for a replacement furnace? Exactly how much a replacement furnace costs depends on the type of furnace, its capacity, and whether you need any work done on the rest of the heating system. In general, electric furnaces have the lowest sticker price, then gas, then oil, and finally, green furnace types. If you keep the same type of furnace, it’s still advisable to have the entire system checked out for safety and functionality. If you upgrade to a different kind of furnace, then you’ll need to invest more to put the right infrastructure in place. However, this will pay off in increased energy-efficiency over the years. And regardless of what type of furnace you purchase, the Department of Energy advises that modern, high-efficiency models can achieve efficiencies of as much as 98.5 percent, whereas older models only offered between 56 and 70 percent energy-efficiency. In other words, you’ll save money on your energy bills compared to your old heating system.
Once you’ve determined what kind of furnace you need and are ready to move forward with replacement, make sure to hire a qualified contractor for the installation process. That way, you can rest assured that your new heating system will be up and running in time to keep you and your family warm when the cold winter weather arrives.
Call Jones Services to schedule your replacement furnace service today!