If you’ve been shopping around for a new HVAC system, you’ve probably noticed how most of them are advertised as having features that will result in savings compared to your current system. If you’ve wondered where these savings are derived, read on as Alliance Heating and Cooling takes a look at how getting a new HVAC system can save you money.
The most compelling reason for upgrading to a new HVAC system is the improved energy efficiency. The idea is that newer models should consume less energy than previous models, and with every upgrade, you should notice a significant reduction in your annual energy costs.
We’re often asked how HVAC system manufacturers seem to come up with new models that increase in efficiency only incrementally — wouldn’t the difference be too low to merit an upgrade. However, unlike on a computer and smartphone, you probably won’t be buying the latest HVAC model as soon as it’s out. HVAC systems typically last 10 to 15 years. This means, by the time you’re replacing your HVAC system with a new one, you’d have 10 to 15 years’ worth of incremental updates.
Equipment with motors, like cars and HVAC systems, wear out over time. Regular maintenance helps stave off the effects of normal wear, and worn-out components can be replaced. However, the fact that HVAC systems are expected to last a certain number of years means they can get worn out over time to the point that further repairs become less practical. Manufacturers may phase out components and render them obsolete, so sourcing replacement ones can impact the repair costs.
Upgrading to a new HVAC system means resetting the clock on its repairability, which means repair appointments would be few and far in between, and worn-out components would cost lower and be easier to obtain.
Getting a new, more energy-efficient HVAC unit may make you eligible for government incentives and/or rebates. Often, these incentives are offered for a limited time and locations, so mileage may vary depending on where you live. In addition to HVAC systems, rebates are also offered to energy-efficiency upgrades such as reflective roofing, new insulation and solar panels.
Planning on upgrading your HVAC unit? Give our team at Alliance Heating and Cooling at (859) 551-0056 to get started. You can also fill out our contact form to schedule a consultation.