How a New HVAC System Can Save You Money?

Table of Contents

1. Lower Energy Bills
2. Fewer Repairs
3. Potential Credits/Deductions and Rebates
4. Maximizing Your Savings With a New HVAC Unit
5. Learn how to manage your thermostat
6. Ways to extend the life of your HVAC Unit

Is your home’s existing HVAC system nearing the end of its life? Perhaps you’ve grown tired of paying for expensive breakdowns/repairs and are finally considering having the entire system replaced.

If so, you may be feeling a little uncertain about the costs associated with replacing your HVAC system. With the average nationwide cost of HVAC replacement hovering around $7,000, this is a significant expense for many homeowners.

Still, it’s important to realize that the money you spend upfront on replacing your outdated HVAC system can actually save you a large chunk of change in the long run. Here’s how.

Lower Energy Bills

Fewer Repairs

Upgrading to a new HVAC system not only reduces energy costs but also decreases the need for frequent repairs. If your current system frequently breaks down, upgrading can save you money on service calls, parts replacement, and labor. A new system offers greater reliability, providing peace of mind that it will function when needed. Additionally, most major HVAC manufacturers provide parts warranties, covering defective components for several years after purchase, though labor costs may still apply in case of repairs.

Potential Credits/Deductions and Rebates

Before purchasing a new HVAC system, research potential rebates to offset costs significantly. Manufacturers often offer rebates, which your HVAC installer can assist in obtaining after you pay full price upfront. These rebates typically result in a check, though specifics vary by manufacturer. Additionally, explore tax credits or deductions available for Energy Star® rated units, potentially reducing taxable income. Leveraging these financial incentives allows for substantial savings on your HVAC investment.

Maximizing Your Savings With a New HVAC Unit

Regardless of the HVAC system you choose, there are steps to maximize savings. Start by comparing quotes from multiple providers to find the best value. Proper maintenance is crucial; schedule annual tune-ups to prevent future issues and maintain warranty coverage. Though replacing an old HVAC system involves upfront costs, the long-term benefits include reduced energy expenses and fewer repair bills, making it a worthwhile investment for homeowners.

Learn how to manage your thermostat

You can save money on your heating and cooling bills by maintaining a constant temperature throughout the year. You can save up to 10% on your energy bills each year by consistently setting your thermostat to 78 degrees in the warm months.

According to the Department of Energy, using a temperature above 72 degrees saves you 3% on cooling expenses. Maintaining a consistent temperature can also reduce your heating expenses.

Temperature control in your home is crucial for comfort and savings. You can heat and cool your home according to your schedule with a programmable thermostat.

Ways to extend the life of your HVAC Unit

The following simple strategies can help you save money on your heating and cooling expenses, even if you’re not buying a new HVAC system right now. A more efficient HVAC unit means lower heating and cooling bills for your home.

HVAC systems can be maintained by cleaning vents and replacing filters.

The maintenance of your HVAC system should be handled by a reputable company.

Fan use can help you lower your thermostat and save on your cooling bill during the warm months by improving your comfort.

Clean and unobstructed HVAC vents and registers are essential.

You should manage your blinds and curtains to block the sun’s heat on warm days.

Keep an eye out for leaks and drafts around your windows and doors – they can cause energy loss.

Thank you for reading!