HVAC: Repair or Replace Your System?
It's just a reality of life. Mechanical systems like your HVAC system wear out and must be refurbished and replaced. Over the past 20 years, HVAC system efficiency has more than doubled leading astute home and building owners to discover that they can save substantially by replacing their old system rather than continuing to repair it.
But the initial investment is huge, you say? True, but that initial investment is not the only cost profile to consider. Life Cycle Costing is an important concept for home owners to understand when it comes to the Repair vs. Replacement analysis. Preventive maintenance costs by far, are the lowest costs of ownership. Clearly, if you are evaluating an investment that will last 12 to 15 years, savvy homeowners want to know what that total cost will be.
Remember the expression: You can pay me now, or you can pay me later. Nowhere is that more true than in your home's HVAC system. First things first: maintain your system to save money. A decision to postpone or eliminate preventive maintenance will drive both of the other cost areas substantially upward over the life of the system.
If your HVAC system has a Seasonal Energy Efficiency Rating (SEER) of 12 or less and your equipment is over 10 years old, you can substantially reduce your energy bills by upgrading your system with equipment components having a 16 SEER or higher. Our Indoor Comfort Consultants understand Life Cycle Cost. We'll gather important information about your home's construction and existing HVAC installation. You'll be amazed at the long term savings revealed by our Net Present Value of the Life Cycle Cost calculations when compared to your existing installation.
Source: Modern Mechanical, Henry Property Management's Preferred HVAC Vendor