3 Ways A New AC System Can Benefit Your Finances

Your family's comfort is important, especially in the more extreme seasons, such as summer and winter. Therefore, you will want your heating and cooling system to be working in the most effective manner possible. Unfortunately, these systems are not immortal, so you will need to replace them at some point in time. On average, a central AC system will last between 15 and 20 years. Replacing your system may be crucial for basic heating and cooling needs, but this replacement can also benefit your finances. Here are a few financial benefits of getting new air conditioning installation.

Energy Conservation

One of the main financial benefits of a new AC system is the improved energy conservation. Yes, this is beneficial to the environment as a whole, but it can also reduce your heating and cooling costs, benefiting your finances. Of course, you may not understand how this new system can help conserve energy.

Most older models of AC units have a low SEER, or Seasonal Energy Efficiency Ratio. The higher the SEER, the more efficient the system will be. Units with a lower SEER will require more energy to cool, which increases the money you will spend on air conditioning your home.

The system's tonnage is also an important factor to consider. Tonnage does not necessarily refer to the weight of the system, but it refers to its size and cooling capacity. If your system does not have the right tonnage for your home's square footage and the specific weather of your local climate, it will struggle to cool your home, which can increase energy usage.

Replacing your system with one that has a higher SEER and is sized appropriately will reduce cooling costs because the system will work in a more energy-efficient manner.

Incentives and Rebates

Improving the energy efficiency of your system is a big benefit. In addition, a new system will add value to your home, which will be helpful if you are going to sell in the near future. However, there is another benefit of replacing your outdated system with an energy-efficient model. While surprising to learn, there are many incentives, rebates, and tax credits available on certain models of air conditioners.

Your contractor may offer incentives, such as free maintenance, labor warranties, and even excellent promotional or financing offers to help make the purchase of a new system more affordable.

Certain manufacturers are also offering rebates. After purchasing the system, the manufacturer will send you a check for a specific amount of money, which you can use for your home or family.

Finally, replacing an old system with an energy-efficient model can help you with your taxes. There are tax credits that you may qualify for because the AC system is more efficient. Your contractor and the system's manufacturer will help determine how much of a tax credit you will qualify for.

Reduced Repairs

Outdated units that are struggling to heat and cool your home may also be costing you repairs throughout the year. From simple service calls and cleaning of coils to replacing damaged ductwork, the constant repairs can really add up. By replacing your old, non-functional until with a new model that is working effectively and efficiently, you can reduce the cost and stress of repairs.

Also, it is important to remember a new system will usually come with a warranty, which covers the actual system, parts, and labor. If there IS an issue that arises after installation, contractors will cover the service calls, parts, and repairs if necessary.

Although the initial investment may be high, a new system that is working properly will save you a great deal of money in energy costs and reduced repairs over time.