To repair or replace, that is the question that likely comes to mind whenever your heating or cooling system stops working like it should. Although repairing may be the most affordable solution now, it might not be the best choice over the long run.
Factors to consider:
Fifty Percent Rule
When the cost of repairs approaches 50% of the value of your heating or cooling system, it’s generally time to replace the system.
Other Rules of Thumb
Even if needed repair costs aren’t quite as daunting as 50%, you might want to replace your system if it’s more than 12 years old or you’ve had a history of problems with it. Also, it might be worthwhile to take advantage of one of several opportunities:
Convenience
When you purchase a new system, you can avoid the hassle of unexpected repairs down the line, and you don’t have to sit around uncomfortable while waiting for parts.
Lower utility bills
A high-efficiency home comfort system from Lennox can save you hundreds of dollars each year in energy costs, compared to an older system.
Energy tax credits
You can recover up to 30% of the cost of select high-efficiency systems in the form of tax credits.
Enhanced comfort
Advanced technologies that improve energy efficiency also enhance your comfort, so you can enjoy more even temperatures, better humidity control and a constant flow of conditioned air.
Improved air quality
Better humidity control means a reduced potential for mold and mildew growth. Lennox home comfort systems are also available with Healthy Climate® filtration, which minimizes the impact of indoor pollutants.
Is it time to replace your heating or cooling system?
Call to speak with a comfort advisor today
416.780.9700
This graph can make it easier to determine when it is time to repair or replace. It was put together by the Washington State Natural Gas Authority and it is very simple: The horizontal axis represents the age of the unit in years and the vertical axis represents the cost of repair. For instance, the first line (above the 5) means that IF your A/C is more than 5 years old AND the repair cost is above $1,300 – you should consider replacing the unit altogether.
