Updated for 2017
It’s 25°C below, and your furnace isn’t heating your home like it usually does. Then you start to hear the odd noises that signal something is wrong. You shake your head, because you know that you’ve got some furnace related expenses coming your way.
When you realize this, you start wondering; is this going to be a repair job, or is this a sign that I need a new furnace altogether?
How Do You Know if You Should Repair or Replace a Furnace?
It can be hard to figure out whether to repair or replace a furnace. That’s where your service technician comes in; they will be able to provide you with all your options, and make a recommendation.
If you aren’t sure which option to pick, a good rule to follow is that you should replace your furnace once it’s passed ¾ of its lifespan (around 12 years), and the repair costs are ⅓ or more of a replacement.
So if you’re looking at a $1,000 repair bill for a 12 year old furnace, but you could replace it for $3,000, you should seriously consider that option.
If you have a young furnace, that $1,000 repair bill becomes a more viable option, because you could extend the life of your furnace significantly.
This chart below can be used as a guideline for when to repair vs. replace your furnace, although you should always ask your service technician for their professional recommendations before making any decisions.
The Signs You Need a New Furnace
While many times a repair will do the trick, sometimes you just need a new furnace. These are some signs that it’s time to upgrade.
1. Your Furnace is 15 Years Old
On average, furnaces last approximately 15 to 20 years if they receive regular maintenance. While that’s a nice long lifespan, the older it gets, the more likely you’re going to run into problems.
That’s why we recommend starting to look for a new furnace once yours turns 15, even if you haven’t had many problems with it up to that point.
There are occasional furnaces that can last longer. But parts can be hard to find, they’re often less efficient, and you’re taking a gamble on a sudden breakdown by relying on them.
2. You’re Getting Repairs Done Constantly
As your furnace gets older, it’s going to need more repairs, particularly if it doesn’t get annual tuneups. These repairs could become more and more frequent, costing you more and more money each time.
If your furnace is constantly in need of repairs, you should invest the money you would spend on repairs into a new furnace instead.
3. You’re Paying Through the Nose for Energy
Do you cringe every time you open your energy bill? Trust us, we’ve been there, done that. You shouldn’t have to pay through the nose just to stay warm in the winter.
Those high costs could be from your furnace. As a furnace gets older, it’s often not able to run as efficiently, and the more energy it takes to produce heat. The more energy it uses, the more it costs you. Your furnace is essentially robbing you each month.
Furnace technology has improved greatly over the years; manufacturers are able to make more efficient models that will put money back into your pocket. You’ll be getting the most heat at the lowest cost.
Depending on the Annual Fuel Utilization Efficiency (AFUE) grade of your current furnace, you could save at least 15% or more on your energy bill when switching to a high-efficiency furnace
Tip: When you invest in annual furnace maintenance, you’ll be extending the lifespan of your furnace AND keeping it at maximum efficiency, so your bills stay as low as possible.
4. You’ve Got a Cold Spot Problem
Sometimes a furnace just reaches a point in its life when it can no longer perform as well as it did when it was new. When this happens, you might start developing cold spots in your home.
The first thing you should do is make sure all the vents are open and clear of debris. If they are, and you’re still not getting the heat you need, this is a sign that you need a more powerful, updated furnace.
We Have Financing Available So You Can Get the Furnace You Want
We offer financing options on everything we install, including furnaces. This means that you can get the furnace you need and want at an upfront price that works for you.
If you’ve seen the signs that you need a new furnace, request a quote from us today! We’ll have you warm and cozy again in no time.