When you are considering the purchase of a new furnace, you are approaching a major investment. Not only will it determine your home comfort levels throughout the winters for the next 15 or so years, it will also determine how much you spend each month on heating costs. That’s why, when thinking about a furnace upgrade, you need to consider the lifetime costs that are associated with it — not just the purchase price.
A lifetime cost analysis can help you identify the long-term expenses that come with a new furnace. Once you factor in maintenance, repairs and monthly operational costs, the upfront expenses associated with the cost of equipment can be as little as 5 percent of the total cost. Unfortunately, the initial cost is still what many homeowners use as their primary deciding factor.
There are three main factors you have to think about when looking at lifetime costs of a furnace upgrade:
- Costs of ownership
- The time period you will be using to your new furnace
- An estimated discount rate of energy costs
Have a professional HVAC company put together some lifetime cost analyses for several furnaces to help you make your final decision.
To learn more about the lifetime costs that come along with a furnace upgrade, contact Team Bob’s Heating Cooling Plumbingtoday. We have proudly served Grand Traverse County and the five surrounding counties for more than 30 years.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about furnace upgrades and other HVAC topics, download our free Home Comfort Resource guide.
Team Bob’s services Traverse City, Michigan and the surrounding areas. Visit our websiteto see our special offers and get started today!
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