We’re nearing the end of the heating season, and if your furnace is limping to the finish line, you may be wondering if it’s time for a replacement.
Knowing when to replace your furnace can save you money and ensure consistent comfort in your home. A few factors to consider are the furnace’s age, how long you’ll be living in the house, the furnace’s safety, current maintenance and repair costs, and energy efficiency.
Questions you should ask yourself before replacing your current furnace
1. How old is your furnace?
Think back to when you first installed your furnace. Was it over two decades ago? If the answer is yes, you should start looking for a replacement. Why? The average lifespan of a furnace is about 20 years. So if your unit is nearing that age, you’re better off spending money on a replacement than further repairs.
2. Do you plan on moving anytime soon?
Your furnace may be on its last legs, but it’s not worth replacing if you’re on the hunt for a new home. Talk to your real estate professional about whether you will see a return on your investment if you upgrade the furnace before selling the home.
3. Is it safe?
Maintaining your furnace may extend its life for decades. However, your furnace is not worth keeping if it breaks down or if something is off about the way it looks, smells, or sounds. When the safety of you and your loved ones is on the line, it’s time for a replacement.
4. Are maintenance and repair costs worth it?
If you’ve had your furnace for a long time, the cost of furnace replacement parts and labor can take an expensive toll on your budget. Calculate your total furnace repair costs. If the math adds up closely to what it would cost for a new furnace, you should start shopping around for a new one.
5. Is your furnace energy efficient?
In today’s economy, efficiency is key to saving money on any house-related expenses. Older furnaces tend to burn more energy, increasing the likelihood of higher bills as parts wear and tear. Luckily, there are many high-efficiency and ENERGY STAR® certified furnaces out there to choose from.
Let an HVAC professional answer your questions
Still not sure if now’s the time to invest in a new furnace or if you should try stretching your current unit out another heating season? Talk to the helpful team at Robert B. Payne, Inc. We’ll answer all your furnace-related questions and help you make the best decision for your home and family. Schedule an appointment today at 540-373-5876.