Cold winters mean that London, Ontario homeowners have to make sure that their HVAC system is working properly. If you have encountered a complete breakdown of your homes HVAC system, you know how a breakdown can result in an utterly chaotic situation. Not only can it make staying in your cold home impossible, but also brings in a new issue of repairing or replacing your HVAC system that needs prompt attention. Repairing may seem like the least expensive way, but it may not be the most prudent choice. There are many considerations:
How old is the equipment?
Depending on how old the equipment is your choice of replacing or repair will change. If the equipment is still under warranty, it makes sense to get it repaired rather than replaced. However, if the equipment is too old, it is probably better to replace it with a little extra investment. The chances are you may have to re-repair the old one anyway after a while.
What is the estimated cost of repair?
This is common sense. If the replacement quote is only a few hundred dollars extra compared to the repair quote, it is wise to simply replace it as you would at least get a brand new system with a warranty. However, do not forget that there may still be an extra cost if the wiring, piping or some level of reconstruction may be needed while installing the new HVAC system. As a general rule, the cost of repair must be at least 30% less than the cost of replacement.
An average homeowner in London, Ontario is estimated to spend about $1,900 annually on their furnace and air conditioning usage. When considering repairs or replacement, one of the key things that more homeowners tend to ignore is energy efficiency. While you may want to save on the replacement cost, your older equipment may be consuming much more energy than brand new equipment with higher efficiency would consume. Though you are saving momentarily by opting for repairs, you may end up saving much more in the long run by way of lower energy bills.
Intention to stay
Choosing to repair or replace an HVAC system will depend on whether you intend to stay in that home for a while or plan on moving soon.
We understand that it can be rather mind-boggling to decide whether to replace or repair your broken down HVAC system. It is best to get a qualified and experienced technician from Home Comfort Center to conduct a detailed assessment and give you an estimate of what the repairs would cost and whether they would be advantageous in the long run. This will help you to decide the best option for you by considering the above-described parameters.