With any major appliance or machinery like a vehicle it’s hard to know when to pull the plug on the old one and replace it with a newer, usually upgraded edition. The decision to replace an HVAC unit is no different. Much like putting a $3,000 transmission in a $1,500 car, at some point it’s just not wise to limp along and keep putting money into something that isn’t financially beneficial. HVAC system upgrades are like that. Plus there are many other benefits than just the new factor. Let’s talk about those.
Newer Equipment Equals Fewer Problems
The biggest downside with patching defects in an old system is that you spend this money but now you still have an old system. You haven’t really reduced your odds of having further incidents. Those incidents cost money, too, in the form of more service calls and parts. Fix those as well and you still have an old system.
New systems come with warranties. A good warranty can ensure that a new HVAC unit will not cost you huge amounts of additional money. With an older system, there is no protection typically.
HVAC System Upgrades Are More Efficient
Higher efficiency models can save homeowners serious money. Your source of fuel, climate, habits, preferences, and the home design and condition are all factors, but overall a new system often substantially reduces fuel use and thus saves good money. This is especially important as fuel costs are all but guaranteed to increase.
Newer systems come with cost-saving improvements beyond just the efficiency specs of the HVAC unit. Replacements usually improve the ductwork, airflow, customized time and zone controls, and give a fresh, clean start to coils, vents, and filters. The newness of an installation and the maximization of the complete system will save additional money.
Newer HVAC Units Are a Good Investment
Return on Investment (ROI) goes beyond fuel use. Yes, the price of the system usually pays for itself in fuel savings, but just having a newer HVAC unit brings value to your home. From resale value to resale-ability, this major investment has major payoffs when you sell the home.
This one is a little heady, but having more equity in your home due to the value of a newer system can save you money in interest. Certainly when you cash out your equity to reinvest in another home, having more equity reduces the amount you have to borrow. Considering a person paying on a 30-year note will pay for that house approximately three times before it’s fully owned, adding several thousand dollars to the equity can save you several times that much in interest.
HVAC system upgrades are often the way to go, but we also know it’s not the best decision in every condition if we’re just looking at money. It’s worth mentioning here that there are other benefits to a newer system, such as advanced temperature controls, better zone targeting, improved customization, maximized airflow, reduced environmental impact, and renewed peace of mind.
At Schnelle Heating & Air, we thrive on helping people be safer, more comfortable, and even more financially sound. We believe in our mission to bless people with superior service and products, and only offering products and services we feel help people is partly how we do it. So if you are in the market for HVAC system upgrades or maintenance, we stand ready and eager to take your call. We’d love to be the company you contact when you need some expert care!