How to Estimate HVAC Repair and Replacement Costs
If your HVAC system has been broken or is on its last leg, then you might find yourself left with no way to cool your air during the summer months. Worse, you might be left with no way to heat your air during the winter, which can be a serious safety issue depending on where you live.
Getting your system up and running again is crucial for you and your family’s health and comfort, and for the overall condition of your property. Many people don’t realize that letting a building get too cold is actually very bad for it, especially if it is allowed to reach what is known as the dew point temperature, which is difficult to recover from.
When the temperature dips too low, pipes can freeze and burst, and getting the temperature back up to a liveable level can be almost impossible without bringing in external heaters.
The biggest problem most people face with repairing or replacing an HVAC system though is the price. Most of us aren’t made of money and thus we might find ourselves putting off a job that we know is unavoidable.
Let’s see just how much this is likely to cost. Knowing the costs upfront can help you budget for potential future problems.
It’s important to recognize that every job is going to cost a different amount. That’s because every home will likely use a slightly different HVAC system, which in turn will vary in terms of its price. If you have a more expensive installation, then, of course, it will probably be more expensive to source the parts.
Then again though, if your unit is very old, then it might be more expensive because the parts are hard to source!
It’s also worth noting that it will depend very much on the nature of the damage. Which part of your energy system is affected? How severe is the damage? Does it need replacing, or just repairing?
It also depends on where you live as labor in one part of the country may be more expensive than the cost of labor in another.
No matter your personal situation, you can still get a rough idea by taking a look at some average costs across the industry:
- Air Handler – $2,500-$3,500
- Furnace – $4,000-$5,000
- Air Conditioning – $3,000-$4,000
- Duct Installation – $1,000-$4,500
- Thermostat – $200-$500
- Heat Pump-$5,000-$6,000
As you can see, this is almost certainly going to be a somewhat expensive process.
How to Bring Prices Down
The sticker shock might have you feeling a bit nauseous. Don’t worry though, there are ways you can try to reduce the cost, and there are better ways to think about the expense.
Firstly, recognize that spending your hard earned money now to get a properly functioning HVAC system that fits your home’s needs can actually save you a lot of money in the long term. A more efficient HVAC installation will utilize less energy while making your home more comfortable. Whatever cost you incur, you can offset this against the amount that you save.
If you struggle with the coming up with the money you need to cover your repairs, look into payment options when discussing with your contractor. They may be able to accept monthly installments. If not, you might be able to get a loan or credit to get the work done as many companies will offer to finance.
Lastly, shop around and speak with different contractors. While the cost of parts and replacement installations might not vary all that much, the hourly rate of the professional probably will. Ask around!
Replacing your house’s HVAC system is without question a big job. And, it’s one you’d probably much rather not have to deal with. It’s also only one of several aspects of your property that can cost this much.
If possible, getting it sorted sooner rather than later with the right installation company will allow you to enjoy more efficient heating for decades to come.