Furnace Service or Furnace Replacement: What to Consider09/11/2015Cooler weather is becoming more and more of a possibility in Genoa, 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 most other home improvement projects are. So how do you know if you should get that new furnace now or just get your annual furnace service completed? At Assured Appliance and Heating & Air, we know that it can be a difficult decision to make, so here are a few pointers to keep in mind if you’re uncertain which route to choose. 1. Furnace Age This is most likely the biggest factor in to your decision, as furnace technology has improved a lot of things, from energy efficiency to the amount of noise it puts out. 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 applying that money towards a new system. However, the average 12-15 year lifecycle of a furnace doesn’t mean it can’t operate well beyond that. If furnace service has been routine and it has been correctly maintained, you may be able to go beyond that 12-15 year average. 2. Cost of replacing vs. servicing/repairing There are always variables when it comes to figuring out the cost of replacing versus having furnace service and repairs done, but there are a few things to keep in mind when comparing the two. Furnace service Get multiple estimates to ensure you’re getting the best deal. Keep track of when your warranty expires and note what it covers so you’re always saving as much as possible. Furnace replacement Furnace size will be calculated by the size of your home. Cost will vary depending on the level of energy efficiency you’re searching for. The higher the AFUE rating, the greater the chance for energy savings. After you figure out the costs of both options, 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 option. Of course, these are only a small number of the variables, but the experts at Assured Appliance and Heating & Air are more than happy to help you decide which furnace is right when replacement becomes a necessity. Give us a call at 847-293-0047 or set up an appointment through our online scheduler to find out what makes sense for both you and your budget.