One of the most common questions our customers enquire is whether to repair or replace existing equipment. Rightfully so, as we all want to ensure we get the best return on the money we invest. This can be a difficult question because we deal with some unknown variables such as future repairs and the type of repairs that will be needed.
For example, if we were out to do a minor furnace repair for $500 today and we knew that you would have a major repair in the next 6 months ($1000 or more). In that case, it would be more cost-effective to replace the furnace now and not have to deal with the additional repair later (i.e.) replace it now and apply that $500 towards the new unit. However, in some cases, there may not be a major breakdown for several years. With that said, there are certain factors to consider:
1. How old is your equipment?
At about 10 years, after the factory warranty runs out, we know that the cost to maintain the equipment goes up and you should plan on replacing it at the 10–12-year mark. Now that’s not to say it can’t or won’t last long. It just means this is the point where we see the return on investment start to drop. Also consider that the new AC or heating installation is generally going to be much more efficient than what you have now, which will also save money on your electric bill.
2. Type of refrigerant your system uses
We see a continual cycle of refrigerants being phased out for more environmentally friendly options. As this happens the older refrigerant is no longer produced and is harder/more expensive to find making refrigerant repairs extremely more expensive.
3. Are you willing to spend a day or two without heat or AC?
Major failures usually happen during peak season when the equipment is working the hardest so you can expect a couple of uncomfortable days. It usually takes a few days to get a company out to measure, order new equipment and install it.
4. Can you repair it today and replace it in the off-season?
In some cases, this makes a lot of sense for a few reasons. First, if you can keep your system running until the off-season you won’t sacrifice your family’s comfort. During the off-season, pricing is generally better as this is the industry’s slow season.
When speaking with your Peoria, AZ HVAC contractor, ask if today’s repair could be applied to the cost of a new unit in the future. If you’re willing to sign a replacement contract many HVAC contractors will be willing to get your system running today and then apply that cost toward a new unit in the off-season.
Is it Time to Repair or Replace Your Air Conditioning or Heating System?
In conclusion, whether to repair or replace your current AC or heating system is somewhat subjective and you should consider your tolerance for the risk of worst-case scenarios (major failures) from a pricing and comfortability perspective. Ultimately, you should discuss all options with your contractor and make the decision that best fits your needs.
At Five Star Air, our technicians will perform a thorough evaluation and provide you with honest and transparent advice. We’ll also answer any questions you may have and inform you of all potential solutions regarding air conditioning and heating services in Peoria, AZ. Feel free to call us at 623-244-0414 with any questions.
Schedule An Appointment With Five Star Air Team Now!