Is your old HVAC system on its last legs? If your system is more than ten years old, it may be time to start thinking about replacing it. This can be a daunting prospect when new systems cost thousands of dollars. However, you may not have considered all the different ways this decision could actually save you money. Here are 4 of the most notable ways in which you’ll save when upgrading to a new HVAC system.

1. Better Energy Efficiency

Old HVAC systems were built using outdated and inefficient technology. They use far more energy than newer systems do, and they quickly drive up your energy bills as a result.

Any new HVAC system you purchase should have both an Energy Star label and a Seasonal Energy Efficiency rating. Try to get one with the highest rating you can find: the higher this number is, the less energy your system will use and the lower your energy bills will be.

2. Lower Repair Costs

Older HVAC systems usually have a lot of wear and tear on them, and they may be reaching the end of their intended lifespan. These factors can make them very expensive to maintain. They will often break down a lot and need many costly repairs.

Replacing your old system will give you a brand new, full-warranty system you can depend on. While even top-of-the-line HVAC systems still break down from time to time, you will likely be able to drastically slash your repair bills each year.

3. Green Tax Credits and Rebates

Many governments offer financial incentives to homeowners who replace systems and appliances in their homes with newer, greener versions. Depending on the system you choose, you could score some tax credits, rebates, or both.

These payments won’t cover the full cost of a new system, but they can help reduce the total amount you will have to pay. Be sure to check the federal and Ontario governments’ lists of requirements before you order, though! HVAC manufacturers also sometimes offer rebates on their products, so be sure to check and see if those are an option for you too.

4. Match Your System to Your Needs

There are two main types of HVAC systems: systems with separate heating and air conditioning, and heat pumps which combine the two. While heat pumps are simple and convenient, they may not always be the most cost-effective option.

When you get a new HVAC system installed, you have the opportunity to choose which works best for you. Choosing a system with a separate heating mechanism running on gas or propane allows you to heat your home using a less expensive type of fuel during those long, cold winter months.

Invest in Your Family’s Future with a New HVAC

Replacing your old HVAC system may cost a lot up-front, but it’s likely to save you money over time. You know you’ll need to do it eventually, so why wait?

Our team here at Syles Mechanical can help you select and install a new HVAC system that will suit your household’s needs and trim your utility bills at the same time. Contact us at 519-979-2090 for more information or to book a free consultation appointment today.