If maintained properly, a good furnace should last 20 years or so. Some models can last even longer. So, it's easy to see why many people choose to repair their furnace rather than replace it, especially if their model is only about 10 years old. If you're facing a similar dilemma, there are some things you should consider. A new furnace costs a little over $4,500 on average, which is a hefty price tag and out of reach for many people. However, the cost for repeated repairs can quickly add up to more than that. When you add the money you could save on your energy bill into the equation, replacing becomes an even more desirable option. Following are three reasons why you should consider replacing your not-so-old furnace.
Cost of Repairs
Older systems need more repairs. That's just a fact of life. If your furnace is 10 years old and needs repairs that will cost about half of the price of a new furnace, it is probably in your best interest to go ahead and replace your unit. If your system is even older, you should replace it even if repairs are less than half of the cost of a new furnace. Keep in mind that your old unit will continue to need more repairs in the future, so you will likely end up spending more in the long run if you choose to repair rather than to replace.
Greater Energy Efficiency
By law, newer units are required to be more efficient than older units. In fact, they have to have an Annual Fuel Utilization Efficiency (AFUE) rating greater than 80 percent. Most new furnaces exceed this requirement. What does a greater efficiency rating mean for you? It means that you will save a great deal of money on your utility bills. What's more, you may even qualify for rebates and special offers from your energy company for simply installing a more efficient unit.
Improved Air Quality
If anyone in your family has breathing or health problems, you should seriously consider improving your indoor air quality with a new furnace. Some new units have air purifiers and ventilators built right into the system, which greatly improves air quality.
As you can see, there are several reasons why you should consider replacing your middle-aged furnace. While it may continue to operate for several more years, you could save money and enjoy greater health in the long run if you decide to replace your unit now. For more information, speak with a professional from a company like Quality HomEnergy.