Your heating system has gone down. Should you replace your furnace or just repair it this time? Here are a few factors to consider to help you make your decision.
A typical furnace lasts about 15 to 20 years. If the date of manufacture for yours is not on the unit, get the information from inside the chamber door and call customer service to find out. If your furnace is more than 15 years old, it doesn’t automatically mean replacement, but you should be more inclined to move in that direction. As always, you should do a cost/benefit analysis. If the repair would be more than 30 percent of the replacement cost, and your furnace is more than three-quarters of the way through its lifespan, it makes sense to replace.
If your furnace problem represents a serious safety hazard, such as a cracked heat exchanger that could allow carbon monoxide gas to escape into your home, you shouldn’t mess around. Replace the furnace for the safety of yourself and your family.
If you’ve got an old furnace, replacing it rather than repairing could actually save you money. Systems that are 20 years old or more can have a fuel efficiency of 70 percent or less. A new furnace will have a fuel efficiency of 80 percent minimum. You can get a furnace that operates at 95 percent efficiency, which could save you 25 percent over an old model, paying for itself fast.
If you’re still getting some heat and the system is less than 10 years old, it’s probably worthwhile to repair it. Qualified HVAC technicians can be great at finding the problem and getting you back up and running again.
Combination of Factors
If you’ve been waiting for an excuse to take advantage of new furnace technology, this could be it! It may be time to replace your furnace if it isn’t quite on its way out but it’s getting there, and you want to take advantage of greater fuel efficiency. Also, it safety is not an immediate concern but you’re afraid it will be down the road, now might be the time to pull the trigger on a new system. If it feels right to you, do it!
Don't Forget To Get Your Burner Serviced. Maintenance is Key!
Smart Touch Energy can help with some of our furance maintenance needs. We offer oil furnace service, repair, cleaning and maintenance to ensure your burner is in peak condition before fall and winter arrive. Through our network of dealers in New Jersey, New York, Massachusetts, Connecticut,Pennsylvania, Rhode Island, New Hampshire, Maine, and Delaware we deliver a variety of oil furnace services, including:
- Full Inspections and system Tune-ups
- Emergency service 24 hours a day
- Competitive rates on oil burner maintenance and other services