How Much Does a New HVAC System Really Cost?
One of the first things you may wonder if you’re thinking about repairing or replacing your HVAC system is “How much will it cost?” Although we’d love to provide you with a simple response, the cost of a new HVAC system can vary significantly depending on several factors. To help you manage your budget, we’ll explain the factors affecting the price you can expect to pay.
Factors Affecting HVAC System Price
- System Type:
HVAC systems come in a variety of forms, including furnaces, heat pumps, mini-splits and central air conditioning. Everyone has a different cost.
- Central air conditioning systems are generally less expensive than other types, as a single central unit provides all the cooling while ducts distribute the cooled air around the home. However, installing the ducts can involve high labor costs and disruption.
- Heat pumps are a versatile option because they can be used for both heating and cooling, although they are typically more expensive upfront.
- Mini splits are typically more expensive options, but they are perfect for houses without any existing ductwork.
- Size of Your Home
A larger HVAC system will be required to properly heat and cool a larger home. A system that is too small will have to work harder, which will increase energy costs and shorten its life span.
- Efficiency and Technology
The modern technology included in today’s HVAC equipment raises the original cost, but also leads to long-term savings. Although high-efficiency devices might initially cost more, they might reduce your energy costs. Even better, they may be eligible for tax credits or rebates intended to incentivize homeowners to choose more energy-efficient systems.
- Installation and Labor
Installation is a significant component of the total cost. It’s crucial that you work with a qualified, experienced expert to install your HVAC system. Shorter system life, malfunctions and inefficiencies might result from improper installation. Although expert work will be expensive, it’s worthwhile to guarantee that your system performs at its best.
How to Lower the Cost of Your New HVAC System
Purchasing a new HVAC system doesn’t have to be unaffordable. You have a number of choices to help manage the cost.
- Financing: Simons provides 0% APR financing agreements so that payments can be made gradually.
- Manufacturer Rebates: Look out for deals that can help you save money on the purchase price of new, energy-efficient systems.
- Rebates From Utility Companies: It’s worth checking if your local utility company offers incentives for installing energy-efficient HVAC systems.
- Tax Credits: You might be eligible for federal or state tax incentives, particularly for high-efficiency or ENERGY STAR-certified units depending on the kind of system you select.
What to Do When It’s Time for a New HVAC System
When the time comes to replace your HVAC system, Simons can assist you. Our team will assist you in selecting the ideal system for your house and price range. Visit our HVAC Shop to get a new system quote directly on our website.