Winter is upon us. But will your furnace make it through one more year? SHOULD you keep it one more year? The last thing you want is an expensive heating emergency on the coldest night of the year in Kansas City. Especially if you end up paying for a repair on a furnace that needs to replaced soon anyway.
To avoid that, look for these 4 warning signs that you need to retire your furnace.
Furnace reached average retirement age
According to the National Association of Home Builders (NAHB), the typical furnace lives about 15-20 years.
Now, some will say that furnaces last much longer than that. That is true for much older furnaces. However, newer furnaces are more energy efficient so it still may be beneficial to upgrade (see the next three signs).
Your heating bills are skyrocketing
An older furnace is not only inefficient, but its efficiency gets worse the older it gets—especially if you don’t get annual furnace maintenance.
So if your energy bills keep going up each winter, while your actual usage stays the same, you may need to get a new furnace.
Increased frequency of repairs
Furnaces don’t break down often. So if yours has broken down several times in the past 2 years, it’s a sign that its nearing the end of its usable life.
Repairs become too expensive
Many older furnaces are more expensive to repair because the replacements parts are harder to find. Also, it can take longer to find parts, which means your furnace may not get repaired quickly—a major pain on a cold winter night.
So how expensive is too expensive before it’s not worth repairing? As a solid rule of thumb, if the cost of the repair is 50% of the cost of a new furnace, just go ahead and replace it. The older your furnace is, the less the costly repair needs to be to justify replacing it.
For example, if your furnace is 20 years old and a repair costs 10% of the cost of a new furnace, then replacing it would be a smart decision
Need an expert opinion?
Still not sure you need a new furnace or not? Contact Santa Fe to talk to one of our heating experts for help.