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| Q: |
How do I know if it is more cost-efficient to repair my old heating system or replace it? |
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If you’re like many people, the frustration of an equipment breakdown can make it tempting to solve the problem with a quick fix that doesn’t cost you a lot of money. That way you can get on with your busy life in relative comfort. BUT, while a quick fix may be the least expensive solution in the short run, it may not give you the most value in the long run.
It’s a fact of life: Older systems are more likely to break down. That means a bigger chance of emergency service calls and repairs—and paying for them. Worse, a breakdown could mean extensive damage to your home. (No heat on a cold winter day can allow your pipes to freeze.)
There’s also an ongoing cost factor. Repairing an old system can only restore it to something less than its original level of efficiency. After you’ve recovered from the repair bill and the frustration of a system breakdown, you’ll still be battling high energy bills. What’s more, even a system that doesn’t break down loses efficiency as it ages. A 15-year-old system doesn’t operate anywhere near the efficiency it had when it was new!
Plus, when compared with modern, technologically advanced equipment, 15-year-old heating and cooling systems are considered inefficient by today’s standards. The average homeowner can save up to 40% on heating and cooling costs with new high-efficiency equipment.
Here are some rules of thumb to help you decide whether to replace or repair.
Replace your system if: |
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it is more than 10 years old and only in average condition. |
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it does not keep you as comfortable as you would like. |
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it breaks down frequently. |
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it is burning too much fuel. |
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you will be living in your home for at least five more years. |
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Repair your system if: |
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it is less than 10 years old and in good condition. |
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your heating and cooling costs have been acceptable. |
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you’re pleased with your level of comfort. |
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its performance is reliable. |
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you will be moving within the next five years. |
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it is still under warranty. |
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