Because heaters and air conditioners work hard throughout the year to keep Mount Pleasant TX residents comfortable, some wear and tear on those machines is inevitable. Even with good maintenance, some issues will eventually crop up, leaving you to choose whether to have your current system repaired or replace it with new equipment. The right choice for your home and family depends on both short-term and long-term expenses.
Repair vs. Replacement Costs
Deciding whether to repair or replace your HVAC system starts with the up-front cost of each option. If the repairs to your current equipment will cost more than an entirely new system, then there is really no decision at all. In most cases, repair is less expensive than replacement, but the latter may still be the better option depending on the age of your current system.
Most heaters and air conditioners will last about 10 years before needing replacement anyway. If you have had your current machine for eight years or more, it is likely close enough to the end of its useful lifespan that repair will do you little good. On the other hand if your air conditioner or heater is fairly new, repair is probably in order unless the problem is especially severe. The most difficult decisions come with units that are right in the middle of their effective lifespans. As a general rule, if the cost of repairs is more than half the cost of replacement, starting over with a new machine is the better choice.
While any previous repairs are sunk costs and should not play directly into your decision, it is worthwhile to think about the number of repairs already done on your HVAC equipment. A minor repair or two in the past is likely nothing to worry about, but if your system needs major fixes year after year, you may be better served by investing in entirely new equipment.
Lowering Energy Costs
The HVAC industry is constantly working to improve the efficiency of heating and cooling equipment, and a breakdown in your old system may turn into an opportunity to take advantage of an efficient upgrade. Replacing your old equipment may cost a little more than having it fixed in the short term, but the utility savings from a more energy-efficient system can quickly offset that cost difference. For instance, if the cost difference between replacement and repair is $400, a new system that projects to save you $40 monthly will offset that difference in just 10 months. Assuming your budget can absorb the additional short-term expense, replacement thus becomes a financially sound choice.
At Wood Air Conditioning & Plumbing, we are committed to helping our customers make the best possible choices for their homes and families. If you are not sure whether to repair or replace your HVAC system, give us a call today. We will give you a detailed estimate and work with you to make the right decision.