A new furnace can cost anywhere from $2,000 to $14,000. If you feel like you are paying too much to heat your home, but you don't think you can afford a new furnace, you might feel like you are in a catch-22. The trick to determining if a new furnace is your best option is to calculate how much you will save on your monthly heating costs and how much your financing costs will be.
A Prerequisite Consideration
Before you decide to go out and buy a new furnace, you should check your ductwork for leaks because leaky ducts can decrease your furnace efficiency by up to 30%. If you have exposed ductwork, you will likely be able to make the repair on your own. To find leaks, turn your thermostat to "fan" and then run a lit stick of incense along the joints in your ducts. Use a permanent marker to mark any place where you notice a disturbance in the smoke curling off of the incense. You can then use a paintbrush to paint duct mastic over the least and seal your ducts. Sealing your ducts is a good first step reigning in your heating costs so that you can afford a new furnace
The Inefficiency of an Older Furnace
The older your furnace is, the more likely it is to be inefficient. A furnace that is thirty years old can be as little as 65% efficient. That means for every hundred dollars that you spend on heating your home, up to thirty-five dollars are simply wasted. A new, highly efficient furnace can be up to 97 percent efficient. Simply by replacing your old furnace with a new one, you can decrease your heating costs by 32%. Moreover, as long as your financing costs do not exceed what you save with your furnace, you will be able to afford a new furnace.
A Final Consideration: Window Film
Installing window film can improve your furnace efficiency by up to 25% by reflecting heat back into your home before it has a chance to escape through your windows. Windows are a perennial weak spot as far as insulating a home is concerned. If you don't do something to improve your windows' heat retention, you will never be able to reap the full benefits of a new furnace. Installing window film is a much cheaper option than replacing your windows, and it still offers good results.
You should not have to struggle to pay high heating costs from month to month. By improving your home's energy efficiency and replacing an inefficient furnace, you should be able to significantly decrease your monthly heating costs. For further assistance, contact local professionals, such as those from A Avis Plumbing Heating & Air Conditioning.Share