Posted On December 11th, 2018 by Lanz HVAC
Want to Save More Money? Replace Your Home’s HVAC System Sooner Rather Than Later
Are you starting to get sticker shock when looking at your utility bills? You’re not alone. All across the country utility rates are going up. Many homes also have aging HVAC systems that are not as efficient as modern systems.
But many homeowners are still reluctant to invest in a new HVAC system. The truth is, if you want to save as much as money as possible, it may be best to replace your home’s aging HVAC system sooner rather than later.
Understanding HVAC Lifespans
HVAC units aren’t designed to last forever. Over time they begin to be less efficient and are more prone to breaking down and wearing out. Over the past decade, HVAC technology has increased much faster than it ever before.
How long should you expect your HVAC system to last? The actual lifespan of your specific system will vary depending on the manufacturer, your usage, and the maintenance history of the unit. However, on average after ten years HVAC systems start to break down more frequently, fewer technicians are willing to work on aging units, and the units become much more expensive to operate than newer ones.
The Repair or Replace Debate
Many homeowners are stuck wondering if they should repair a broken HVAC system or simply replace it. If your system is only a year or two old, it may still be covered by manufacturer warranties. It is almost always cheaper to repair newer systems rather than replace them.
However, if your system is close to being ten years old, or older, you should consider buying a replacement. After the ten-year mark, repairs will become more frequent and more expensive. Parts will be harder to come by, and you may also start to have difficulty finding technicians willing to work on older units.
Energy and Cost Savings with New HVAC Systems
The good news is that investing in a new HVAC system for your home comes with many benefits. First, you will see a big reduction in your energy bills. Many studies show that installing a new HVAC system can reduce utility bills by as much as 20%. Depending on your home and usage, you could be saving over $1,000 a year.
But, installing a new HVAC system has more benefits beyond just reducing your utility bills.
Depending on your situation, you may also qualify for tax deductions or tax credits when you install an energy efficient HVAC system. Tax credits, combined with monthly savings on utility bills, mean that your new HVAC system will quickly pay for itself.
According to real estate experts, one of the best things you can do to increase the value of your home is to install a new, energy efficient HVAC system. Even if you’re not planning on selling any time soon, that investment will still increase your home value years down the road.
If you hesitate every time your power bill comes, it’s time to invest in a new HVAC system. Then you can feel good about seeing how much money you’re saving each month.
About Lanz Heating, Cooling & Plumbing: Founded by HVAC contracting veteran Troy Lanz of Urbana, Illinois, in 2002, Lanz Inc. has grown in number of employees and in services offered to the homeowners and commercial businesses of Champaign County, Il. Lanz Inc. now employs more than 50 highly qualified professionals providing certified installations, repairs and maintenance of heating and cooling systems, heat pumps, air handlers, dehumidifiers, humidifiers, indoor air quality control systems, ductless split systems and geothermal solutions, plus cleaning of drains, vents and air ducts. Ask about our Comfort Club. Please call Lanz Inc. at 1-800-AIR-REPAIR or 217-355-5512 and connect with Lanz Inc. on the web at www.LanzInc.com.
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