To answer that question, there are a few questions to consider: How old is your current HVAC system? How long do you plan to live in your home? How likely is it that it will need repaired again? Can I save energy and lower my utility bills with a new system? Do I want to improve my indoor air quality: get rid of hot or cold spots?
The reality is that if your system is ten years old or more, there are much more efficient systems available now. There is an excellent savings calculator on the Energy Star website http://www.energystar.gov/ia/business/bulk_purchasing/bpsavings_calc/Calc_CAC.xls
to calculate your potential savings.
As utility costs keep going up, the efficiency of your system becomes more of a factor. If you intend to stay in your home another ten years, then that is also a reason to consider replacement. This time period will usually allow a return on your initial investment.
So, if the repair bills are continuing, and the comfort levels are dropping while the energy bills are rising, now may be a good time to replace your system rather than repairing it again.
Here’s what the experts at YORK have to say:
You may wish to consider replacing your air conditioning or heating system if it is old, inefficient or in need of repair. Today’s systems are as much as 60% more efficient than those systems manufactured as little as ten years ago. In addition, if not properly maintained, wear and tear on a system can reduce the actual or realized efficiency of the system. If you are concerned about utility bills or are faced with an expensive repair, you may want to consider replacing your system rather than enduring another costly season or paying to replace an expensive component. The utility cost savings of a new unit may provide an attractive return on your investment. If you plan on financing the purchase, the monthly savings on your utility bill should be considered when determining
the actual monthly cost of replacing a system. The offsetting savings may permit you to purchase a more efficient system.
Call one of our knowledgeable Garnett technicians to come and help you decide if you should kick that old system to the curb.