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“If what you’ve got is more than 20 years old, it’s time for replacement. 25 years is the absolute longest any heating system lasts reliably, and even then not all systems make it that far. You’re heating on borrowed time with an old clunker, and a mid-winter breakdown could be a real pain.

Another reason for replacement is a big break-down. Let’s say your 15-year-old natural gas furnace cost $5,000 to install when new and has a 20-year expected working life. Using the simplest accounting methods, that’s $250 of working life every year. Theoretically, your 15-year-old furnace still has $1,250 of working life left. Is it worth spending $200 to repair a simple issue that probably won’t need to be fixed again? Yes, I’d say so. Is your old heating system worth a $500 repair? Probably not.”

Read more about repair vs. replacement here.

Although purchasing a new furnace might cost you more money upfront, it might be the best decision for long-term savings. For one, you’ll have the peace of mind knowing that your new furnace is under warranty. If any issues occur within that period, there’s a good chance it’s covered by the manufacturer. For instance, Trane products typically have a warranty ranging from 1 to 20 years!

Another consideration is the performance of a new furnace as opposed to your existing one. General wear and tear will no doubt affect the efficiency of your old unit which will cost you more in monthly bills than a new unit. Therefore, unless the cost of repair is minor, it might be a worthwhile investment to purchase a new furnace.

At Temperature Control Specialties, we offer repair service and installation of new systems. For financing options, call us at (317) 247-7663 to speak to a representative. We understand that there’s never really a good time when a furnace fails and can help you choose a new one to fit your budget and needs.