Furnace Service or Furnace Replacement: What to Consider09/11/2015Cooler weather is becoming a realistic possibility in Hamilton, which means one thing: it’s time to arrange for your furnace service. However, it may not be that cut and dry if your system is climbing up there in age and has been causing difficulties over the last few years. Furnace replacement is an investment in your home, like nearly all other home improvement projects are. So how do you know if you should buy that new furnace now or simply get your annual furnace service completed? At Carefree Heating and Cooling, LLC, we know that it can be a hard decision to make, so here are a few pointers to keep in mind if you’re unsure which path to choose. 1. Furnace Age This is most likely the biggest factor in to your decision, as furnace technology has improved a number of things, from energy efficiency to the amount of noise it gives off. If your equipment is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be putting that money towards a new system. However, the typical 12-15 year lifespan of a furnace doesn’t mean it can’t operate well beyond that. If furnace service has been scheduled regularly and it has been well maintained, you could be able to go beyond that 12-15 year average. 2. Cost of replacing vs. servicing/repairing There are always unknowns when it comes to identifying the cost of replacing versus having furnace service and repairs done, but there are a couple things to keep in mind when assessing the two. Furnace service Get multiple estimates to ensure you’re getting the best deal. Keep track of when your warranty runs out and note what it includes so you’re always saving as much as possible. Furnace replacement Furnace size will be determined by the size of your home. Cost will fluctuate depending on the level of energy efficiency you’re wanting. The higher the AFUE rating, the greater the chance for energy savings. After you figure out the costs of both choices, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term choice. Of course, these are only a couple of the variables, but the team at Carefree Heating and Cooling, LLC are more than happy to help you determine which furnace is right when replacement becomes imminent. Give us a call at 513-275-3601 or set up an appointment through our online scheduler to find out what makes sense for both you and your budget.