You are likely wondering about what to do about repairs, no matter if you have concerns about an old air conditioning system that can manage the coming summer weather, or your furnace is beginning to fail toward the end of the season after a long winter. No matter the scenario, you are likely having questions. Generally, the newer units are typically worth the repair costs since they are likely covered under the warranty. Older systems, especially those are no longer under warranty, are more questionable. With the cost to repair an older air conditioner, boiler, furnace, or heat pump is often steeper, making it likely a better investment to replace. Today, we at Air Supply Air Heating & Air Conditioning would like to continue to help you decide when HVAC system repairs are too expensive.
Inflation of HVAC Costs
Keeping the HVAC system working is the total cost per annum, in addition to the reoccurring repairs. If those extra repairs add up to paying more than $500 annually, it is paying too much. You can better invest in purchasing a new, reliable, and energy-efficient heater or air conditioner instead of the excessive money thrown at the repairs.
How Often Do You Need HVAC Repairs?
In the event this second repair you’ve needed to schedule within the last twelve months for the heater or air conditioner, the cost isn’t too important, but how frequent you need the repairs matters more. Getting too close to excessive is one repair each year. A system that needs professional repairs this often is probably wasting energy is at a high risk of breaking down at the worst possible time.
$5,000 HVAC Rule
It is a rule of thumb you can use to get a quick idea of how worthwhile an HVAC repair. This rule is when you use the cost of the repair the technician quotes and multiply it by the age of the system. If the product is 5,000 or greater, the repair is probably not worth it. Your 14-year-old air conditioner needs a $400 repair for instance. If you multiply the age by the price and you get 5,600, it is best to consider a replacement. Most air conditioners need to be replaced before they reach 15 years, and this is not uncommon.
HVAC 50% Rule
Another quick calculation that can help is the one you’re most likely to purchase next, take the cost of a new system installation, and reduce it by 50%. Be sure to compare the quoted cost of the repair with a new one. A repair that’s more than 50% of the cost of a new system is too expensive. It’s always best to speak to trained HVAC technicians before making a firm choice. Our experts will help guide you toward the repair or new system.