According to usa.gov, three of the most popular New Year’s resolutions include:
A new furnace can help you save money through superior energy efficiency and therefore help you cope with debt. As a result of being more energy efficient, you will also reduce your greenhouse gas emissions.
But you shouldn’t buy a new furnace unless your current furnace needs replacing. Look for these three signs that show it’s time to replace your furnace.
- Your Furnace is a Grandpa
Furnaces, like people, have an average lifespan. According to Consumerreports.org, the average lifespan for a gas furnace is 18 years.
However, if you really want to get maximum savings ASAP, then Energystar.gov suggests replacing your furnace if it’s over 15 years old with an ENERGYSTAR rated furnace. These are 15% more energy efficient than furnaces that only meet the federal minimum standard.
So if your furnace is a grandpa (15-18 years old), then it is about time to replace it.
- Skyrocketing Heating Bills
A major part of saving money and managing your debt includes looking through all your bills and seeing where you need to cut back. A major bill you need to look at is your heating bill which composes 29% of your total home energy bill.
If your heating bill has risen significantly over the past year or two, then this could be a sign that your furnace’s energy efficiency has dropped and thus has to burn more in order to achieve the same temperatures it normally does. This causes it to release more greenhouse gases as a result.
Therefore, you should consider replacing your old furnace with a more energy efficient model that will both save you money and reduce the amount of gas it needs to burn.
- Frequent and Expensive Furnace Repairs
Think of your furnace like an old car. You can only repair your furnace so many times before it would be more cost efficient to just buy a new one.
If your furnace has needed frequent major repairs over the past two years, then it is probably near the end of its life, and you should replace it now to get the most for your money.
Kill Three Birds With one Furnace
While most Atlanta-area homeowners struggle to keep one resolution, you can easily fulfill three by just replacing your old furnace.
And if your current furnace is old and needs constant repair, and your heating bill has risen substantially, it’s the easiest and smartest decision you will make all year.
Schedule an appointment with Coolray to get a free in-home estimate in regards to replacing your furnace.