During the winter, it is vital that your furnace is working properly. Just like any other working appliance, there might be some problems that arise from time to time. If you have a furnace that is getting older and toward the end of its life, you may be wondering if you should move forward with the repair or replace the unit all together. Hal Mechanical is here to talk about the best way to know if the repairs needed on your unit are too high and a replacement would be a better idea.
Furnace Repairs Can Get Expensive
If you haven’t ever dealt with furnace repairs before, you may not realize how much it can cost to repair or replace certain parts on the unit. If you don’t have a warranty that covers the cost of your furnace repair, you could be looking at a large chunk of money to get your furnace up and going again depending on the problem you’re dealing with. Repairs are something that you don’t want to move forward with unless they make financial sense.
Furnaces Become Less Efficient Over Time?
You may notice that when your furnace is first installed in your home, you can enjoy several years free of repairs. If you do encounter repairs, you will hopefully have a warranty that will cover the cost. As the furnace gets older, you will find that the repairs tend to be more expensive as well as more frequent. This can put homeowners in a bind as they try and determine whether or not repairing their older furnace makes sense.
5000 Furnace Rule
When you’re faced with a furnace repair, you should turn to the 5000 rule to help you decide whether or not you want to repair the furnace or replace it. Once you have figured out how much the repair is going to cost, you need to multiply it by the number of years your furnace is old. If you have a repair that is $500 and a furnace that is 12 years old, you would multiply 500 x 12. This would equal $6,000 which means it is over 5000 and you would be better off using that money as a down payment toward a new furnace. There comes a point that repairs are so high that it just doesn’t make sense to invest in the repair when you are facing a furnace replacement in the next few years anyway.
Forced Air Furnace Heating Services & More in Aliante, Centennial, Desert Shores, Eldorado, Enterprise, Green Valley Ranch, Henderson, Lone Mountain Village, North LV, Peccole Ranch, Paradise, Silverado Ranch, Spring Valley, Summerlin, Sunrise Manor, Tuscany Village, Whitney, Winchester & Las Vegas Nevada
If your furnace has stopped working for some reason, you can count on Hal Mechanical to get to the bottom of the cause of the problem. We will help you determine whether or not it makes sense to repair the unit or if you would be better off replacing it with a new furnace that will be far more efficient instead. It is our goal to make sure you’re warm this winter. Call us today!