A furnace replacement can be a financially daunting task. The expense of acquiring a new furnace is not something to take lightly.
We have your back, so don’t worry.
At Pacific Aire, we’ve handled numerous home heating system replacements and are here to assist you in navigating the array of payment options for your furnace replacement, including some lesser-known alternatives.
However, before getting into the payment options, there is one important point to keep in mind.
Choosing the Best Home Heating System
While a furnace replacement is a common choice, it’s worth considering that a heat pump surpasses the efficiency of a furnace. With powerful energy-saving capabilities, heat pumps also come with various tax credits and rebates, making them a cleaner, safer, and more comfortable option for your home.
Efficient and versatile, heat pumps have surpassed U.S. furnace sales for the first time in history.
Here are some compelling reasons to consider a heat pump upgrade over a furnace replacement:
- Up to 3 times more efficient than conventional heating systems, reducing energy use by up to 50%.
- 81% report improved home comfort after switching to heat pumps.
- Dual functionality: acting as both a heating system and an air conditioner.
- Increased home value; home buyers are willing to pay a premium for houses with upgraded heat pumps.
- Improved air quality due to electric operation, reducing pollutants compared to gas furnaces.
Discovering the Cost of a New Furnace
What’s the financial commitment for a furnace replacement?
The average cost of upgrading your old furnace to a new one can range from $2,000 to over $10,000. This cost depends on factors such as home size, furnace brand, thermostat type, and the complexity of the installation process.
It’s important to note that this estimate covers only the furnace itself, excluding any additional expenses for ductwork repairs, a new cooling system, or work needed to address air leaks or insulate your home.
While the financial implications may seem overwhelming, numerous payment options can potentially make the upgrade more manageable.
Financing a Furnace through Payment Plans
Curious about furnace payment plans? Yes, they exist. Many homeowners opt to finance furnace replacement and installation costs through monthly payments spread over time.
Considering the rising costs of energy, choosing an energy-efficient system is crucial. Special financing, loans, home energy upgrade programs, or HVAC financing payment plans can help cover the additional costs associated with energy-efficient HVAC units.
Here are some rebate and tax credit research for you, to ensure you are well-informed about your eligibility for home improvement incentives.
Methods to Pay for a Furnace Replacement
a. Get a Loan
Loans come in different forms, from personal loans to home equity loans. Choosing the right type depends on your preferences and credit score. Shop around for the best loan terms and carefully review the details before committing.
b. Contractor-Provided Financing
Some HVAC contractors offer payment plans, allowing you to spread the cost over time. Ensure the financing arrangement aligns with your needs, covers necessary warranties, and maximizes available rebates.
With Pacific Aire, our low monthly payments and long-term financing plans make it easy to bring comfort back to your home.
Flexible payment plans are available for up to 36 months without interest or for 12 months without interest or payments. Check here for Financing Made Easy.
c. Charge to Credit Card
Credit cards can be a quick solution, but high-interest rates can add significant costs. Choose wisely and have a strategy in place to eliminate the debt promptly.
d. HVAC Upgrade Program
Consider joining an HVAC upgrade program. With flexible payment options and an energy-savings guarantee, such programs provide a comprehensive solution that includes rebate assistance and additional home improvement services.
With so many government provisions to incentivize you to make energy-efficient upgrades, now is the perfect time to take advantage of the free money when you convert to a heat pump system for your home with Pacific Aire.
Equipment tax credits and rebates are available for heat pumps. ENERGY STAR-certified heat pumps with a SEER over 16 meet the eligibility requirements for a $300 tax credit, as well as high-efficiency furnaces at 95% and insulation.
Heat pumps powered by renewable energy produce zero emissions, making this a better alternative to make your home energy-efficient in the long run. Not only is it more sustainable, but a new system produces better air quality, reduces energy bills, and solves inconsistent airflow problems.
Convert to a clean, non-polluting heat pump system and get up to $2,000 in conversion incentives, or a 0% *financing offer for up to 12 months towards a full HVAC system.
Exploring these financing options can help make the cost of a new heating system more manageable. Remember to consider the long-term efficiency and benefits of a heat pump, which may offer a superior solution for your home heating needs.
Visit https://www.pacaire.com/make-an-appointment/ or call us at 805-737-2564 to schedule an appointment for your home HVAC repair and replacement needs.
