If your home’s furnace is starting to malfunction, or if it is simply getting quite old, then it is time to think of getting it replaced. At Roth Heating & Cooling, Plumbing , Electrical, Drain Services, we offer Portland furnace installation services that get the job done quickly and safely. You and your family can start enjoying warm nights again in no time when you choose us to be your HVAC pros!
How Can I Tell If I Should Repair or Replace My Furnace?
People often ask whether they should repair their old furnace or just replace it. This is an important choice to make, both for your wallet and for your family’s comfort. There are a number of factors to weigh, including how long you expect to live in your current home, the overall cost of repairs, the age of your current furnace, the amount of time it would take for a new unit to make up for the increased cost compared to repairs, and more. If you are debating what to do in your home, give us a call at (503) 266-1249. We can help walk you through each of these questions and provide you with a furnace replacement cost estimate.
Here is an example: Say you have a furnace from 1985 and it will cost $800 to fix the issue and make it 70% efficient. In this example, your average monthly heating bill is $200. If you update to a 98% variable speed furnace, you will save (based on efficiency alone and not considering the reduced run time of the furnace), 28% per month. That is $56 per month equaling $672 per year. If the cost of the furnace is $4500 and you consider the cost you would have had to pay to repair the old one your investment is only $3700. That means your new furnace would pay for itself within the first six years of ownership. With a standard life of approximately 20 to 25 years, you would save a tremendous amount of money.
Upgrading Your Furnace? Consider Lifetime Costs To Determine Long-Term Savings
When you are considering a furnace replacement or you are installing a new furnace in a new house, one of the biggest factors to take into consideration is the lifetime costs associated with that particular unit. While many homeowners are tempted to think about the initial purchase and installation price of a system, this may account for as little as 5 percent of your total costs after 15 years, the average life expectancy of a furnace.
HVAC experts compose lifetime cost analyses to help you compare the various long-term costs that come along with the purchase of new heating equipment. Annual inspections, operational costs and repairs are all taken into consideration when looking at all the influencing factors. Comparing the analyses for different furnaces will help you reach the best solution for your home’s heating needs.
There are three primary factors used when analyzing lifetime costs:
- Cost of ownership
- The amount of time used to evaluate different furnaces
- A projection of future energy costs
Some homeowners opt to try to boost their furnace by replacing outdated key parts with modern, more efficient ones rather than going for the whole furnace upgrade. While this may work as a short-term solution, these components are often not built to last a long time. If you plan on staying in the home you live in for more than two years, it will probably be more cost-effective to get an entire upgrade, because you will have to spend money replacing those parts once they wear down. Even if you do plan on moving soon, a new furnace can boost the resale value of your home.
Benefits of a High-Efficiency Furnace
Portland winters can be brutal without adequate heating. This is where a properly-functioning furnace proves its value. Simply put, a furnace’s main job is to blow hot air into the rooms of your house. How it does that will be unique to the furnace you choose.
Furnaces can be powered by fuel, natural gas, or electricity. Not all of them are made the same, of course. Many will demand a high amount of energy to heat your home, whereas others are more energy efficient. If you’re worried about wasting precious energy and paying steep utility bills, you should always opt for a furnace with a positive energy efficiency rating. Our furnace replacement team can help you pick out the right one for you before installing it.
Some of the benefits of installing a high-efficiency furnace in your home are:
- Reduces carbon footprint due to less energy demand
- Drops your energy bills
- Makes less noise while in operation
- Heats an entire house quickly and properly
Remember: Our Portland furnace installation services are easy to schedule thanks to our flexibility and full team of technicians. Whenever you’re ready to discuss your options, we’ll be here to assist.