The calculations of project repairs and operating expenses are crucial when making a decision whether to repair or replace your HVAC system or existing equipment. Typically, manufacturers can assist with your decision making by providing an estimate of operating costs based on unit efficiency and local utility costs that will tie into your expenses.
Being that we are now in a high efficiency market, if your equipment is a bit aged, a replacement will certainly provide significant utility savings that can be factored into savings in a long-term perspective, as you would have spent a substantial amount had you gone with the repair route.
Understand there are a few things to consider when debating if you should purchase a new piece of equipment or entire system:
- Contractors can provide a firm quote to estimate the future costs your units may undertake should you contemplate repair work on existing systems/equipment.
- New energy efficient systems might be able to be used as right offs on your taxes where repairs to existing cannot.
- Warrantees on new equipment can provide substantial savings as the equipment begins to age where as repairs typically are done after warranties have expired.
Please feel free to reach out to your designated BP specialist if you have any questions regarding a repair or replacement. Our knowledgeable team has extensive experience in guiding clients to do what is best for their systems.