With energy costs spiraling out of control and prices continued to rise over the course of the next few years, many homeowners are looking for ways to lower their utility bills. While shopping for a new heating system may be the furthest thing from your mind when you’re trying to determine how to save money, making the switch to an energy-efficient system could save you a bundle in the long run.
A new furnace requires a significant upfront investment but can save you a ton of money over the course of the system’s lifespan. Here are just a few of the ways that installing a new furnace saves money.
How a New Furnace Saves Money
Just in the past 10 years, the efficiency of residential furnaces has improved dramatically. If your furnace is around 10 years old, its efficiency rating is probably somewhere around 78%. Today’s energy-efficient models are up to 98% efficient! This means that instead of wasting 22 cents of every dollar you spend on heating costs, you’re only wasting 2 cents. If you have an even older system, you could be wasting 40 cents for every dollar or more!
The more efficient your system is, the less energy is wasted. Modern systems use gas, oil and electricity more efficiently, meaning that your monthly utility bills will be significantly lower when you upgrade.
Other Ways a Furnace Upgrade Cuts Your Expenses
Improved energy efficiency is one of the primary money-saving reasons to a new furnace, but it isn’t the only one. As a furnace ages, parts wear and begin to break down. Having older systems fixed can actually be more expensive than replacing them, especially if you consider the cost of multiple repairs over an extended period of time.
When you upgrade to a new heating system, you may also qualify for valuable tax incentives. Upgrading to a new furnace could save you around $500 at tax time.
Furnace Replacement in Mendota
If you’re considering furnace replacement in Mendota, contact Triple Service today for a full range of Mendota heating services. We sell, install and service all types of furnaces, and we can help you choose a system that perfectly suits your family’s needs as well as your budget. Call 815-539-3828.