Deciding whether to repair the heating system you have or to invest in heating replacement is a big decision. Heating replacement often costs thousands of dollars. The good news is that a new heating system should last many years and probably will require many fewer repair calls than an older system.
But when is the right time to replace? These are some factors to consider:
- Age of your system: Most heating systems last 16-20 years, though it depends on the type of system. If your system is more than 12 years old and needs a major, expensive repair, you might need to consider replacement.
- Number of recent repairs: Most furnaces require more repairs in the last 2 years of their lifespan. If you have had a couple recent repair needs and your system is older, replacement might actually be the most cost-effective option.
- Cost of repair: If your system is older and needs a major repair that is going to cost 50% or more of the system’s value, your money might be better spent on a replacement unit.
- Current comfort of your home: If your heater is not doing a good job of heating your home, even with higher energy bills, it might be time to think about getting a heating replacement.
- Noise: Unusual or louder noises might be a sign that your heating system is wearing down.
Heating replacement can be cost-effective because newer units are often 20-40% more energy efficient than older ones. There are also some units that come with tax rebates or incentives, helping offset the cost of heating replacement. You will have a unit that is under warranty and often, one that is better for the environment.