The decision to repair or replace your HVAC equipment can sometimes be confusing. When is it worth it to repair a furnace or air conditioner, or is it time to stop pouring money into a dying unit and invest in a new system? The difference between repairing and replacing HVAC equipment can be several hundred to thousands of dollars before you decide what to do about your system, review the info below to help you make an informed choice.
When should I repair my HVAC equipment?
- If your system is fairly new: If your system is only a few years old, repairs may actually be covered by your warranty, making the cost inexpensive or even free. Most systems last around 10 years, so your newer system likely has a great deal of service life left.
- If repairs are minor: When repairs are minor in cost and complexity, or the result of expected wear and tear, it typically makes the most financial sense to complete the repair rather than replace.
When should I replace my HVAC equipment?
- Your system is 10 or more years old: If your system is 10 years or more in age and you’re experiencing the need for repairs, it may make more sense to go ahead and replace your system since it’s nearing the end of its service life. Plus, replacing an older system with a newer one offers higher efficiency, plus warranty, saving you money compared to your existing equipment.
- You need frequent repairs: Repair frequency typically rises as your HVAC equipment is reaching the end of its service life. If you’ve had to perform several repairs over recent years, take this as a warning sign that it’s time to replace your equipment.
- Your system performs poorly: If your existing system has trouble keeping up with your cooling or heating demand, is noisy when running, or produces uneven temperatures throughout the home, replacing can be more cost effective than repairing, and will offer you a higher level of comfort for longer than your failing system. Additionally, humidity problems and other indoor air quality issues are telltale signs that you should think about replacing your HVAC equipment now.