Cooler weather is becoming a realistic possibility in Newark, which means one thing: it’s time to schedule your furnace service. However, it’s realistic that it may not be that clear cut if your system is starting to get up there in age and has been causing issues over the last few years.
Furnace replacement is an investment in your home, like many other home improvement projects are. So how do you know if you should buy that new furnace now or just get your annual furnace service done?
At Luikart Heating & Cooling, we know that it can be a tough decision to make, so here are a few things to keep in mind if you’re not sure which route to choose.
1. Furnace Age
This is most likely the biggest factor in to your decision, as furnace technology has improved quite a few things, from energy efficiency to the amount of noise it puts out. If your system is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be putting that money towards a new system.
However, the average 12-15 year lifetime of a furnace doesn’t mean it can’t operate well beyond that. If furnace service has been scheduled regularly and it has been correctly maintained, you may be able to go beyond that 12-15 year average.
2. Cost of replacing vs. servicing/repairing
There are always unknowns when it comes to determining the cost of replacing versus having furnace service and repairs done, but there are a number of things to keep in mind when considering the two.
- Get multiple estimates to make sure you’re getting the best deal.
- Keep track of when your warranty runs out and note what it includes so you’re always saving as much as possible.
- Furnace size will be figured out by the size of your home.
- Cost will fluctuate depending on the level of energy efficiency you’re wanting.
- The higher the AFUE rating, the greater the chance for energy savings.
After you calculate the costs of both choices, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term option.
Of course, these are only a few of the variables, but the experts at Luikart Heating & Cooling are more than happy to help you decide which furnace is right when replacement becomes a necessity. Give us a call at 740-200-5591 to find out what makes sense for both you and your budget.