How Can Buying A New Furnace Save You Money

Jan 13, 2022

HVAC units

Do you shy away from reading your heating bill in the winter? Do you dread calling a repair person when the furnace acts up? Do you lie awake at night, wondering what you’ll do if the furnace breaks down?

The solution to your problems is this: buy a new furnace. It might seem counterintuitive at first. How can spending money actually help you save it? But once you think it through, you’ll realize that upgrading your furnace is a wiser investment in the long run. 

We’re going to explain why purchasing a new HVAC system is a cost-effective decision:

Lower Gas/Electricity Monthly Bills

New furnace models are highly energy efficient. That means they use fewer resources to offer the same (or better) performance as an old furnace.

But just how much will more efficiency save you? Over the years, these monthly savings will help pay for your furnace. Imagine what you’ll save when you pay less for your gas or electricity bill each month.

To find out what you can save, start by determining the efficiency rating of your furnace. Older units tend to have an efficiency rating of 56-70%. You could be losing up to 40% of the heat your furnace produces! Then, compare that rating to a new model, which usually has a rating of 80-90% efficiency. 

Each month, that difference will put money back in your pocket. As fuel costs increase, these savings become even more substantial. 

Fewer Repairs

There’s no doubt about it: emergency repairs are expensive. Over the last year, add up how much you spent on repairs for your furnace. Then, multiply this over the next few years. Are you really saving money by repairing an older unit? In most cases, it’s more economical to purchase a new furnace. 

Can you put a price on peace of mind? With a new unit, you won’t need to worry about whether you’ll have to pay hundreds of dollars for an unexpected repair. You can also trust that the model will perform reliably, even on the coldest winter days. 

The next time there’s a cold snap, you can sleep peacefully knowing your furnace will hold up. Buying a new furnace is an investment in your comfort. 

Increase the Value of Your Home

Are you thinking of selling your home? Even if you don’t plan on doing so immediately, you might be considering it in the next few years. If so, one of the first questions that buyers will ask is: how old is the furnace

On average, you should replace your furnace every 20 years or so (but this will depend on how well the furnace is maintained). When your home has a new furnace, prospective buyers will be more likely to purchase your home.

The money you’ll save with a new furnace translates to less expensive bills in the long run. After you pay the upfront cost, you say goodbye to skyrocketing bills, costly repairs, and worrying about a faulty furnace. 

Interested in purchasing a new furnace? At Provincial Heating and Cooling, we have plenty of high-end models to choose from. Our technicians will find the right model and size for your home. We also offer maintenance plans to extend the lifespan of your unit. Call today!


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