Follow this guide to help decide which option is best for you
Make the right decision with all the right info
Choosing whether to repair or replace your HVAC system is a serious financial decision you shouldn’t make lightly. Consider these important factors first before you start spending.
- Age:How old is your system? Air conditioners and heat pumps can last 10 to 12 years while furnaces usually last 15 to 20 years.
- Efficiency:Older systems are not as energy-efficient as newer models and can lead to higher utility bills.
- Warranty:If your system’s still under warranty, your repairs may be covered. If not, a replacement may make more financial sense.
- Long-Term Costs:Choosing to repair or replace your system will cost money regardless. You’ll need to weigh which option gives you the biggest return on your investment.
- R-22 Freon:The government is phasing out Freon® to protect the environment. If your unit uses Freon, you’ll eventually need to replace it with the new R410A refrigerant. Replacing your unit now might be worthwhile since you’ll have to do it later. Learn more about the Freon phase-out.
- Overall Condition:Does your unit frequently break down? Does it emit strange odors or make odd noises? If you answer yes to both of these questions, you may need to seriously consider a replacement.
When You Should Repair
Follow the $5,000 rule to determine whether repair is your best option. Multiply the age of your equipement by the estimated repair cost. If the number is lower than $5,000, you should probably choose to repair cost equals $3,000. In that Scenario, repair is likly the most reasonable solution.
When You Should Replace
If your system is older, requires frequent repairs and is no longer covered by warranty, consider buying a replacement. A newer, more energy-efficient model can lower your utility costs and cut down on the number of the number of repairs you’ll need, saving you money in the long run