A furnace upgrade is a major investment — one that will greatly affect your daily comfort at home as well as your heating expenses for years to come. You will also want to protect your investment with annual maintenance to extend its longevity and keep it running efficiently. Then there are the repairs for problems that will naturally occur as it ages on top of heating costs associated with it that build up over the years. All of these factors should be considered part of the lifetime costs that come with a new furnace. These factors should play a big part in deciding what furnace your purchase.
An analysis of lifetime costs for several different furnaces can provide a big-picture perspective that will help you determine which is the most cost-effective option in the long run. Though many homeowners simply look at the initial cost of buying and installing a furnace, it is foolish to ignore all the other aspects of a purchase decision. An HVAC expert can help compose analyses of various furnaces to help you choose the perfect one for your house by looking at three main factors;
- Cost of ownership
- Projected costs of energy in the future
- The time period used to compare furnaces
Retrofitting is a less expensive alternative to furnace upgrades that entails replacing certain components in an old furnace with newer, more efficient parts. While this can work for a while, if you plan on staying in your home for more than two years, a total system upgrade will probably be more cost effective in the long run as these pieces are not built to last long.
Because the upfront costs can account for as little as 5 percent of the total lifetime costs, be sure to devote a good amount of research to your decision for a furnace upgrade.
Overland Park Heating & Cooling has been helping Kansas City-area residents with their heating and cooling issues since 1983. Contact us today if you have any questions.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about furnaces and other HVAC topics, download our free Home Comfort Resource guide.