Which is Better: Repairing or Replacing Your HVAC?
Which will provide you with the best value over time, repairing or replacing your HVAC system? All HVAC (heating, ventilation, and air conditioning) equipment needs to be regularly inspected and maintained to ensure it lasts as long as possible. Our NATE certified technicians are experts in their field for HVAC maintenance and repairs, however it’s often the case that investing in a new system can mean saving money down the line. Here are some of the key factors to consider when weighing your options:
Age of system
The industry average lifespan for an HVAC system is ten years. If your system is near to or older than this, it will likely be a good return to investment in a new unit. If your system is fewer than five years old, we recommend you consider exploring repair options.
Energy efficiency and environmental footprint
HVAC technology is constantly improving in efficiency. Older systems can unnecessarily burden your utility bills and the environment. If reducing monthly household or business expenses and reducing your environmental footprint are important to you, then upgrading to a new system versus repairing your old is definitely the way to go. For example, a ductless HVAC system, Rinnai tankless water heater, or hot water pump recirculating system all deliver immediate energy efficiency gains. Some states offer rebates for residents who invest in new more energy efficient HVAC units and you may also quality for utility rebates from your local municipality.
Your tolerance for system breakdowns
How critically do you depend on the HVAC systems in your home or office? How much time are you able to invest in self or contractor repair? Small but regularly occurring repair bills can add up to more than they’re worth. Industry wisdom says that if the estimated cost of repairing your system is more than 50% than the cost of a new one, it’s recommended to opt for replacement. However that’s only if you have the time to oversee the upkeep of your current system. Air conditioner repair, boiler repair, well pump repair, and plumbing repair are among the long list of services our certified team of experts can provide for your home or business. Call or email us to discuss how we can help.
How long you plan to stay in your current home or business
When evaluating the ROI of purchasing a new system versus repairing your older HVAC, consider how long you plan to live in your home or remain in your current business location. If it’s fewer than three years, you’re unlikely to reap the savings from energy efficiency. However conversely, an investment in new HVAC equipment could position your property for faster sale. Your local real estate agents will be able to help advise you.
We’re here to help you navigate this and other challenging decisions. Our company, Solutions Mechanical, Inc. was established March 4, 2013. We are committed to providing only top quality HVAC service with a focus on building a long-term business relationship with our customers. We recognize service should not end with the sale. All HVAC equipment needs to be regularly inspected and maintained to ensure it lasts as long as possible. We created our Maintenance Service Agreement to meet that need and keep your equipment operating at peak efficiency.