Can a New High Efficient Furnace Really Save You Money?
Homeowners are always in favour of new and innovative ways to save money. We get questioned a lot - can purchasing a new furnace actually save me money in the long run? The short answer is, yes.
The most effective way to see if there is savings in purchasing a new furnace is to break down the numbers. Let's hypothetically say the average monthly heating and cooling bill is $150. If your furnace has an annual fuel utilization efficiency (AFUE) of 80 (which is common if the unit is over 10 years old), it means for every dollar being used to heat your home, 20 cents is being wasted.
By upgrading to a new high efficient model with a AFUE of 95, you are saving 15% of your $150 heating bill - translating to $22.50 per month. This might not seem like a lot at first, but over an average 15 year lifespan of a furnace, it equates to over $4000. Your furnace truly can pay for itself over time.
While saving on your energy bills is a primary decision factor, there are also other benefits. Having a new furnace means less chance of surprise breakdowns. Your furnace will run quieter, cleaner and more efficient. Less energy use means less environmental impact. You'll have the latest in technology and gadgets - nearly all being operable with mobile technology for even more energy saving practices like programmable thermostats and indoor climate schedules.
If you have questions about how upgrading to a new high efficient furnace can save you money, reduce repair costs, and provide peace of mind knowing you are having a positive impact on the environment and adding value to your home, please give us a call. We are here to help answer all your heating questions and can help get you the best bang for your buck.
At 4 Seasons Heating, Cooling & Electrical we are family-owned, support HVAC products made in Canada and are experts in the industry. Contact us today for any heating, cooling, hot water or gas related questions.