Buying a new furnace for your home is one of the bigger decisions you’ll make as a homeowner. It’s important that you think of the cost of a new furnace as an investment that will pay you dividends in the future. The following article offers tips and advice to help you decided if it’s time to upgrade your gas furnace.
New Furnace Operating Cost Savings
Pretty much any new furnace will offer you decent operational cost savings over the old clunker currently residing in your basement, which is definitely a tangible benefit of making the decision to upgrade. We’ve seen old furnaces that are operating at 60% (or less) efficiency, which means that nearly half of your utility costs are being totally wasted. You don’t need to be a math whiz to understand that if you can save 40% or more off your monthly heating bills, then you can get a pretty quick return on your investment.
More Operating Cost Savings of a New Furnace
Furnaces in Canada work pretty hard. It gets cold here – really cold sometimes. We also have a lot of fluctuation in our daily temperatures, especially in the fall and early spring, which means that your furnace ends up sprinting at times to get to an ideal temperature, only to have the thermostat turned back while somebody is away at work during the day. This can cause strain on any furnace, let alone a very old one, and one of the top reasons people upgrade is that the cost of maintenance and repairs outweighs the cost of a new unit. Why spend several hundred dollars a year to keep an inefficient furnace running, when you could finance a new one for less? We have recently partnered with Snap Financial to offer simple and cost-effective financing options that can sometimes get you into a new central A/C of furnace for less than you are paying now.
New Furnace Rebates and Deals
Strike while the iron is hot. Major HVAC suppliers typically run a rebate program at least once per year. We do a lot of work with Bryant, and they have a rebate special on right now that offers rebates of up to $1,650 – call us or watch for a future blog post. There are of course strings attached, but not as many strings as you might think. One of the key elements to almost any rebate program is that the unit needs to be installed by a licensed and authorized HVAC professional (like us!). Also watch for financing deals, which can usually be combined with a rebate offer.
The reality is that most people wait too long before deciding to replace their furnace. It can be complicated and expensive, which makes it intimidating and generally not a fun experience for the homeowner. However, most HVAC professionals (like us!) offer free estimates. We can help you crunch the numbers and tee up financing too. We can put it down on paper and help you make sense of the decision, which alleviates much of the stress.