Three factors need consideration when deciding whether to replace or repair: the existing furnace’s reliability, the cost of repairs, and the cost of buying a new furnace. The specialists in the video discuss when to do a furnace repair and when to replace your furnace.
Furnace Repair
1. The repair cost is low compared to replacing the whole system.
2. Your heating/cooling system is relatively young. It probably still has a few good years of working life left, and repairing it will make more sense.
3. Your system is still under warranty. The warranty will offset some repair costs, and you will get more functionality at a lower cost than replacement.
Furnace Replacement
1. The first repair turns into the second and third. The continuous cost of repairing the limping system diminishes its value, so it may be worth replacing.
2. The average lifespan of a furnace is 15-20 years. However, a 15-year-old furnace may be better replaced than repaired. It probably is at the end of its useful life.
3. A cracked heat exchanger. One of the main reasons to replace your entire system is that a cracked heat exchanger can lead to a dangerous leaking of carbon monoxide. Safety first.
4. Your heating bills are going up. Your system is losing efficiency, and a new system may save you money in the long run. If your home feels cold while your bills rise, it may be a good time to invest in a new system.
Hiring a professional for a furnace repair or replacement is always the smart thing to do. Don’t hesitate to reach out to your local HVAC company for more information.
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