Should I fix my furnace or buy a new one?

Questions to Ask Before a Furnace Repair or Replacement

Among the questions we get the most is whether to fix a gas, propane or oil furnace or buy a new furnace. Should I pay for a furnace repair? Or should I budget for a newer, more efficient furnace? The answer – it depends on a lot of things.

The truth is, almost half or your utility bill goes to goes towards heating and cooling your home. It stands to reason, then, if you want to save money you should take a close look at the efficiency of your HVAC system. That includes your furnace, your air conditioning system, your water heater, and any other heating or cooling systems you might have in your house.

Think of it this way: if you can save money on heating and cooling, how else could you spend your hard earned money?

The first question you have to ask yourself when deciding to repair your furnace or replace it is this: how old is your furnace? Furnaces, whether they burn natural gas, oil or propane, generally decline in efficiency as they get older. They need to be cleaned and well maintained to last as long as possible. A well maintained furnace will keep you nice and warm for many years.

The second question to ask is related to what type of fuel you use. Can you save money by switching to natural gas? What do you expect your fuel costs to be in 5 or 10 years? Are there more cost effective solutions that will save you money in the long run? An initial investment in the short term could lead to sizeable cost savings in the long run.

Lastly, ask yourself whether your current furnace is sufficient enough to heat your home. How much energy does it require to keep your living space at a comfortable temperature? It is entirely possible that an investment in a new, more efficient furnace could save you money over time.

We at Banner Fuel have built our company on a solid foundation of honestly and reliability. Our trained and knowledgeable licensed technicians can help you answer these questions. If servicing your furnace is the best option, we’ll quickly get the job done at an affordable price. If replacement is the best option, we can help you select the appropriate make and model to keep you warm – or cool – so you can sleep well with decision you have made.