Furnace Service or Furnace Replacement: What to Consider

September 11, 2015

Cooler weather is becoming a real possibility in Thedford, which means one thing: it’s time to arrange for your furnace service. However, it may not be that clear cut if your system is beginning to get up there in age and has been causing difficulties over the last few years.

Furnace replacement is an investment in your home, like many other home improvement projects are. So how do you know if you should buy that new furnace now or simply get your annual furnace service done?

At Taylor's Heating & Air Conditioning, we know that it can be a tough decision to make, so here are a few tidbits to keep in mind if you’re unsure which route to choose.

1. Furnace Age

This is most likely the biggest factor in to your decision, as furnace technology has improved a number of things, from energy efficiency to the amount of noise it gives off. If your equipment is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be putting that money towards a new system.

However, the typical 12-15 year lifecycle of a furnace doesn’t mean it can’t run well beyond that. If furnace service has been routine and it has been properly maintained, you may be able to go beyond that 12-15 year average.

2. Cost of replacing vs. servicing/repairing

There are always unique circumstances when it comes to determining the cost of replacing versus having furnace service and repairs done, but there are a few things to keep in mind when assessing the two.

Furnace service

  • Get multiple estimates to make certain you’re getting the best deal.
  • Keep track of when your warranty is up and note what it includes so you’re always saving as much as possible.

Furnace replacement

  • Furnace size will be determined by the size of your home.
  • Cost will vary depending on the level of energy efficiency you’re wanting.
  • The higher the AFUE rating, the greater the chance for energy savings.

After you determine the costs of both routes, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term option.

Of course, these are only a few of the variables, but the experts at Taylor's Heating & Air Conditioning are more than happy to help you choose which furnace is right when replacement becomes a necessity. Give us a call at 519-296-4437 to find out what makes sense for both you and your budget.