Should You Repair or Replace When Your Furnace Breaks Down?
Already experiencing a furnace glitch this season? It's not uncommon for heating equipment to break down early on into the heating season; the heating components of system have been sitting dormant for months, and it's likely that any issues that started at the tail end of last heating season will begin to surface sooner rather than later.
Although you never wish to have a heating malfunction, it is better to discover it on a mild day than it is during a 'polar vortex'.
Hopefully it's a simple, inexpensive fix, like a tripped circuit breaker or clogged filter. However, occasionally the repair is so extensive and costly that it raises a common question...
Is it more cost effective to fix your current system or replace it?
Use these 4 guidelines to find the best answer:
Consider Safety Hazards
If the problem includes a safety hazard, like a cracked heat exchanger, it's logical to replace your system rather than take the risk of carbon monoxide leaking out into your home.
Consider Equipment Age
If your system is 12 years or older, a replacement may be in your near future. Save hassle and money by replacing your system now.
Compare Price of Replacement vs. Repair
As a general guideline, consider heating replacement if the equipment is beyond three-quarters of its life expectancy and repairs will cost more than a third of replacement.
Look At Gained Efficiency
Do the math to see if a new, high-efficiency system will pay for itself by lowering your utility bills. According to Energy Star, upgrading to more efficient HVAC (heating, ventilation, and air conditioning) equipment can cut heating and cooling costs by about 20%, which means you could recoup the investment in time.
Once you've weighed the pros and cons of repair or replacement, you can also take that extra step to get an expert opinion. Our experienced HVAC service technicians can diagnose your system issues and provide their recommendation based on the severity of the repair and the condition of the heating unit.