Often homeowners have difficulty deciding whether to have their furnace repaired or to have it replaced. As an expensive piece of equipment to replace, many people may opt to repair it until it completely breaks down. A furnace replacement is usually more expensive than repairs, but it can sometimes be the more cost-effective option.
If you are trying to decide if furnace replacement is the best choice for you, here are a few things to consider. The most obvious time to choose a replacement is if the repairs will be equivalent to or exceed the cost of a new furnace. It is recommended that no matter how old it is, if the repairs will cost as much as half of a new furnace, it is more cost-effective to replace it. A replacement could also be a better choice if your furnace is older than 15 to 20 years. Even small repairs at this age may not be worth the investment.
It can also be more cost-effective to install a newer furnace, since technological advancements in the equipment may be able to save you money on utilities. Newer furnaces are becoming more and more efficient with each updated model, and older versions may begin to cost more each month in utilities as they start to wear down.
We hope this will help you to make the most cost-effective choice as you’re trying to decide about a furnace replacement. At FurnaceDepot.ca, we are here to help you make an informed decision that will be best for you and your home. Please let us know how we can help, and we will be there!