Buying a new HVAC system may be a big expense, but it’s also exciting! New furnaces and air conditioners are more efficient than ever and come loaded with useful features. Maybe your home is in desperate need of an upgrade, or energy efficiency is now your top priority. Whatever your reason is, a new HVAC system can offer everything you’re looking for. Just make sure you know the right time to buy.
Buying Before Peak Seasons Is Ideal
Even though you use your HVAC system all year-round, there are certain times of year where it’s more expensive to buy one. This coincides with peak seasons in the summer and winter. Since HVAC services are busier and in higher demand, the cost of installation is higher. If you need just a new air conditioner, you’re better off buying one in winter. The same goes for a new furnace, as summer prices will be more affordable. Either way, you don’t want to be waiting around in uncomfortable weather for a new system if your HVAC system is on its last leg.
But if you’re buying an entirely new HVAC system, it’s best to buy in the shoulder seasons of spring and fall. Not only are prices better, but many service companies can offer special promotions to encourage customers. You could secure benefits like delayed payments or discounts on maintenance. And with the right financing options, you could even be qualified for additional rebates that help recoup installation costs.
Look for Extra Rebates and Financing Options
There are still more ways to secure additional savings! With lower total costs, you can invest in makes and models that offer high energy efficiency. Over the lifetime of a well-maintained HVAC system, energy efficiency is one of the best ways to significantly increase your savings. Check with local utility companies or government programs. They sometimes offer additional rebates for energy-efficient equipment, like models with an ENERGY STAR® rating.
Estimated Costs to Replace Your Furnace or Air Conditioner
Costs can vary wildly from entry-level models to top-of-the-line pieces of equipment. And while up-front costs may be higher for energy-efficient models, you can often save money in the long run. Depending on what you’re looking for, a new HVAC system installation project could be anywhere from $2,000 to more than $8,000.
Something many homeowners don’t realize is that it’s actually cheaper to replace both your furnace and air conditioner at the same time. This is because of the time and labor costs required to have a professional technician actually do the installation. If you only request air conditioning installation, then cooling is the only part of your HVAC system they’ll handle. Rather than pay a separate installation charge for furnace installation, streamline the process and upgrade both pieces of equipment together.
With spring in full swing and summer on its way, now’s a great time to buy a new HVAC system. Check with a trusted local service company like Phelps Heating & Cooling to find out how much you could save this year.