No one wants to hear that their home HVAC system should be replaced. It can be very expensive to replace a HVAC system, which may lead you to search for HVAC financing companies. Before you start to worry, however, get familiar with the common signs that it is time for a new HVAC system.
Your System Is Aged
If you have a 20-year-old HVAC system, you may be pleased that it has managed to hold out, but you may be paying high electric and gas bills because of poor system performance. If your HVAC system is over a decade old, then it is likely you don’t have an Energy Star rated system. A new, more energy-efficient system can save you as much as 40% on your utility bills. When you consider the savings in just one year, replacing your system doesn’t sound quite as daunting.
You Find Out a Major Component Failed
There are a lot of things that can be repaired in a HVAC system, and most of the time it is more economical to simply repair a HVAC system rather than replace it. However, if a major component fails, then it may be time to think about replacing the entire system. Components such as the heating coil, compressor, or primary motor are all costly to repair. The price of the parts and the labor involved in replacement can quickly add up. If you have an older system, it may be wiser to simply upgrade it versus spending a lot of money to fix one component when another may go soon.
Constant Noises
Loud clunking noises are a sign that your HVAC system is heading towards failure. An HVAC system that is functioning properly should hardly be audible. If you are hearing a lot of odd noises, it is not only time to get a repairman into your home, but it is also time to consider replacing your system. You may want to ask your repair technician if he or she knows of any HVAC financing companies to help minimize the up-front costs of replacement.
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