Your furnace has been chugging along for nine or 10 years now. You’ve kept up with its maintenance schedule and it seems to be heating your home well.
But is it time to consider installing a new one? Despite the initial outlay, will purchasing a new furnace help you save money in the long run?
Your Roanoke heating experts at Southern Trust Home Services wants to help you make the right decision about when it’s time to trade in old faithful for a newer furnace model.
Lowering energy bills
Even if your furnace appears to be running as efficiently as possible for its age, the fact is that a newer model can lower your energy bills.
Consider this; in 2012, most furnaces were operating at an efficiency rate of 78%. Today, higher end furnaces boast an efficiency rate of anywhere from 90 to 95%. That means that for every dollar you spend on your energy, only 78% goes toward producing heat. And that number could be even less since most heating system get less efficient with age.
As with any piece of equipment, the older it is, the more repairs it will need. Even with the proper maintenance, parts simply wear out over time. Repair costs can run into the thousands of dollars as your system ages.
In some cases, you can even claim tax credits on your federal income filing to help offset the cost of your purchase. Some states also provide rebates and incentives to help their citizens move toward greener heating options.
When you make your purchase, be sure and ask your technician what tax credits and rebates might be available.
Finally, if you are thinking about selling your home in the near future, adding a new furnace will help you recoup more return for your investment. Homes with newer heating systems sell faster and have a higher resale value than those with older, worn-out units.
At Southern Trust, we want to help our Roanoke neighbors get the most for their well-earned dollars. Trust our 25 years of experience in the heating industry to help you determine if fixing your older furnace or purchasing new would be the right choice for you.
Call us at (540) 264-3890 to schedule a consultation today!