It’s not easy to know whether you should repair or replace your home’s heating and cooling system, especially if you’re facing an emergency situation. While there’s no hard-and-fast rule, there are some important considerations to keep in mind as you make your decision.
Age of your system
Air conditioners and heat pumps last an average of 10 to 12 years, while furnaces have a life span of around 15 to 20 years. If your equipment is within those ranges, expect more repairs in the near future.
Outdated or inefficient technology
Technology changes all the time. This is as true for your heating and cooling system as it is for your phone. By replacing aging equipment, you’ll be able to take advantage of smart new features and increased efficiencies that can save you money on your utility bills.
Cost of repairs
As a good rule of thumb, Consumer Reports recommends replacing a system when repairs exceed 50% of the cost of a new one. Cenco Heating Oil’s Partner Vaughan HVAC is a great resource for current promotions that could significantly reduce the cost of a new system.
