Replacing Your Old But Functioning Furnace: A Money-Saving Move

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Do you have a furnace that is decades old, yet still managing to heat your home? At first, you might think you don't need a furnace replacement. You may figure there's no use in replacing something that's still working. However, that is not necessarily the best mindset to have when it comes to your furnace. If you'd like to save money in the long run, you are often better off having an older furnace replaced before it completely quits. Here are three ways in which replacing an old, still-working furnace saves you money.

You have time to shop around.

If you wait for your furnace to die, you won't have much time to shop around for a new one. You'll be without heat until you have your furnace replaced, which means you'll likely have to go with the first contractor who can fit you in. They may not be the most affordable, and you may have to pay an extra fee to get immediate service. On the other hand, if you replace your furnace while it is still working, you have time to get a few quotes, compare them, and schedule with the company that offers the best value.

New furnaces are designed to be more energy-efficient.

The cost of energy is rising. As such, it is more important that furnaces are energy-efficient. New models waste far less energy than your old furnace likely wastes. For example, a new furnace might be 95% energy efficient, whereas an old model might only be 75% energy efficient. If you replace your old furnace with a new one, your energy bills will be lower each month. Over time, those savings will add up and account for the cost of your new furnace.

A new furnace is less likely to require repairs.

Your old furnace may still be working, but are you having to repair it every year? Small repairs, such as replacing a ball bearing or ignitor, add up over time. A new furnace should not need repairs for many years. Plus, most new furnaces come with good warranties, which means you're almost guaranteed not to have any repair expenses for a few years.

The best time to replace a decades-old furnace is before it stops heating your home. With this approach, you have time to shop around for a good price. Plus, you will save on energy and repairs in the coming years.

For more info, contact a local heating company

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