When you’re considering a furnace upgrade, you may be tempted to focus on the initial cost as the deciding factor. But there are many other things you should consider before making your decision. One of the most important criteria is the lifetime costs associated with a furnace upgrade. A new furnace should last you 15 to 20 years, and you need to take into account what this means to your finances in the long run.
A lifetime cost analysis is a great way to dissect the different long-term costs that are associated with a new furnace. The upfront cost may account for as little as 5 percent of lifetime costs once you factor in annual preventive maintenance, operational costs and repairs. An HVAC expert can help you put together lifetime analyses for different furnaces and help you consider which option will be best for your home’s heating requirements. Three main factors will come into play when looking at lifetime costs:
- Cost of ownership
- The time period you use to evaluate and compare furnaces
- An estimated projection of future energy costs
In lieu of a complete system upgrade, some homeowners try to boost the performance of an old furnace by replacing certain components with modern parts that are more energy efficient, a practice referred to as retrofitting. This may work well as a temporary solution, but these parts are often built to only last about two years. If you are planning on staying in your house for longer than that, it will probably be a more cost-effective route to go for the whole upgrade. Besides, a new furnace can actually raise the resale value of your home.
To learn more about the lifetime costs of a furnace upgrade and why you need to factor them into your decision, contact Rinaldi’s Air Conditioningtoday. We have proudly served the people of central Florida for more than 40 years.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about furnace upgrades and other HVAC topics, download our free Home Comfort Resource guide.
Rinaldi’s services Orlando, Florida and the surrounding areas. Visit our website to see our special offersand get started today!
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