Your HVAC system plays an essential role in keeping your home comfortable. However, when it breaks down, the cost of repair may seem intimidating, leading many homeowners to consider replacing the entire system instead of fixing the problem. But, repairing your HVAC system may cost less than you think. In fact, with proper maintenance and timely repairs, you can save thousands of dollars in replacement costs. Start a search today to find out how much repairing your HVAC system will cost.
HVAC Replacement Cost
According to HomeAdvisor, the average cost to replace an HVAC system is $7,000. This can be a significant expense, especially if you weren’t planning on it. However, it’s important to note that this is just the average cost, and your specific situation could end up costing much more. Factors such as the size of your home, the type of system you need, and your location can all impact the final cost.
If your HVAC system is less than 10-15 years old, repairing it is a more sensible option than replacing it, particularly if the repair cost is less than 50% of the replacement cost. However, if the system is breaking down at least once a year, it may be more practical to save to replace it rather than continuing to make frequent repairs.
Benefits of HVAC Repair
Before you decide to replace your HVAC system, it’s important to consider the benefits of repairing it. One major advantage is cost savings. According to Energy Star, replacing an old, inefficient HVAC system with a new Energy Star-certified model can save you up to 20% on your heating and cooling costs. However, repairing, maintaining and cleaning your existing system can also improve its efficiency and reduce your energy bill.
Another benefit of repairing your HVAC system is convenience. Replacing an entire system can take several days, while repairs can often be completed in just a couple of hours. This means you won’t have to go without heating or cooling for an extended period of time.
Finally, repairing your HVAC system can also be more environmentally friendly. When you replace an entire system, the old one often ends up in a landfill. By repairing your existing system, you can extend its lifespan and reduce waste.
HVAC Repair Cost
The cost of repairing your HVAC system will vary depending on the type of repair needed. According to HomeAdvisor, the average cost of an HVAC repair is $311. However, this can range from as little as $50 to as much as $1,500 or more.
One way to potentially lower the cost of repairs is to invest in regular maintenance. By having a professional inspect and maintain your HVAC system on a regular basis, you can catch small issues before they become major problems. This can help prevent the need for expensive repairs in the future. Some companies offer maintenance plans, which allow you to pay a reasonable annual fee and in return, get a furnace checkup, air conditioner checkup, and a discount of parts should repairs be needed.
It’s also important to note that some HVAC repairs may be covered by your home warranty or homeowners insurance. If you’re unsure about your coverage, it’s a good idea to check with your provider before paying for repairs out of pocket.
Finding the Right HVAC Company
If you do decide to have your HVAC system repaired, it’s important to find the right company for the job. Look for a company that has experience working on your specific type of system, and that has good reviews from previous customers. You may also want to consider getting multiple quotes from different companies to ensure you’re getting a fair price.