Can a New Furnace Save You Money? or Is Your Old Furnace Costing More Than a New Furnace?

Determining when your furnace is costing you more money than a new unit would depend on several factors, including the age and efficiency of your current furnace, the cost of repairs, and the cost of a new unit. Here are some key things to consider:

  1. Age of the furnace: If your furnace is more than 15 years old*, it may be less efficient and require more frequent repairs than a newer model. In this case, it may be more cost-effective to replace the furnace rather than continuing to repair it.

  1. Frequency and cost of repairs: If you find that your furnace requires frequent repairs, or the cost of repairs is becoming more expensive over time, it may be a sign that a new unit would be more cost-effective in the long run.

  1. Energy efficiency: If your furnace has a low AFUE (Annual Fuel Utilization Efficiency) rating, it may be costing you more money to run than a newer, more energy-efficient model. Upgrading to a more efficient furnace can help you save on energy costs over time.

  1. Rising energy bills: If you notice that your energy bills are increasing, it may be a sign that your furnace is working harder to heat your home, indicating that it may be time for a new, more efficient unit.

If you’d like one of our professional team members to evaluate the efficiency of your current furnace, estimate the cost of repairs versus replacement, and recommend a new unit that will meet your needs and budget, just give us a call. The decision to replace your furnace should be based on a careful assessment of all these factors and we’re here to help!

*With regular maintenance, a new system could last up to 20-25 years. Which is why Hood to Coast recommends a Labor Warranty.