Can A New Furnace Actually Save You Money?

While few people actually enjoy shopping for a brand-new furnace for their home, there's no doubt that one of the greatest joys you can have in this process is the realization that it might not be as expensive as you think. A new heating system installation can cost several thousand dollars, but there are a number of ways that it will actually save you money over the long run, several of which are outlined below.

Fewer repairs

As people move into the cold winter months, many people are turning on their furnaces only to find out that they are not operating nearly as efficiently as they were the year before. While some of this can come down to bad luck, in other cases it's a result of poor maintenance and neglect in years past. A new heating installation, on the other hand, saves you headaches by not only having a brand-new system that is mostly free from defect but also having a brand-new warranty that should give you peace of mind for several years to come.

Lower Energy Costs

Like everything else in your home, heating technology has come a long way in the last few decades, so if you're used to seeing your energy bills at a certain level, you may be surprised a few months after your new furnace is installed to see your bill is actually lower than it used to be. Many homeowners report seeing a decrease of 20% to 30% after the new heater is installed, which can make a huge difference in savings over the life of the unit. Moreover, depending on the type of furnace that you install, you may even be eligible for a tax break from the government that can go immediately towards reducing the cost of your new heating system.

Longer Lifespan

Furnaces already last a really long time — usually anywhere from 18 to 20 years. Newer, higher-efficiency furnaces can last even longer than that. What that means for you is that not only will your furnace save you money and regular usage, but you also won't have to replace it anytime in the near future as well. Whenever you decide to sell your home, you'll also see a bump in the resale value as well. While nobody buys a home because of what type of furnace is inside, they will certainly turn away from one that is defective.