Is the Cost of Heating Installation Worth the Investment?
Keeping your home during a the fall and winter months is extremely important to you. When the weather reaches its coldest points, having a heating system that you can rely on is about more than just your comfort, and it can be a safety and health concern. At Mechanical Doctor, Inc, our Charlotte heating contractors know what an important role your heating system plays in your home, so we offer a number of services to help you keep it in great condition at all times, and our quality heating installations are the first step you can take toward having a great heating unit for years to come.
Many homeowners are with the decision of whether or not to replace or install a new heating unit each year as the winter months start to roll in. Of course, new heating units are a large investment, but the price that you pay upfront for the installation is most likely going to be worth the cost.
Furnaces, for instance, cost on average $665, although many models may cost a few hundred more, and with the added cost of installation, the entire job can be costly. But it’s worth noting that furnaces (and other heating units) will last for 15 years on average, and installing a new heating unit can save you a significant amount of money by keeping your home’s energy costs low.
Are High Efficiency Heating Units Worth the Extra Money?
If you’re having a heating installation performed, it may cost more to install a unit that is energy efficient, but the higher costs comes with a lot of energy savings. So is it worth the extra money? Here’s a quick breakdown of the upfront cost and the energy savings:
- A high efficiency furnace will save you about 15% on your Charlotte home’s heating costs, which comes out to around $70 per year.
- If the furnace lasts for 15 years (the average lifespan is 15-20 years), that’s a total savings of $1,050 over the lifetime of the furnace.
- You’ll also qualify for a tax credit, so you’ll get about 30% of the initial cost back.
It is likely that your heating unit will last for longer than 15 years, and that gas prices will go up during that time, so this is a modest estimate of your savings. It’s very likely that an energy efficient heating unit will be very beneficial.
Will a Heating Installation Increase Your Home’s Value?
If your heating unit is nearing the end of its life, it’s probably becoming much less efficient. Replacing it will help you keep your Charlotte home more comfortable while lowering your energy costs, and it will also probably increase the resale value of your home. If your heating unit isn’t in great shape, replacing it can make for a great selling point, and it will increase the value of your home.