Furnace Service or Furnace Replacement: What to Consider09/11/2015Cooler weather is becoming a real possibility in Keokuk, which means one thing: it’s time to set up your furnace service. However, it may not be that cut and dry if your system is starting to get up there in age and has been causing difficulties over the last few years. Furnace replacement is an investment in your home, like many other home improvement projects are. So how do you know if you should spring for that new furnace now or just get your annual furnace service completed? At WM J Kraus & Son, we know that it can be a difficult decision to make, so here are a few tidbits to keep in mind if you’re not sure which path to choose. 1. Furnace Age This is more than likely the biggest factor in to your decision, as furnace technology has improved quite a few things, from energy efficiency to the amount of noise it gives off. If your equipment is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be setting aside that money towards a new system. However, the typical 12-15 year lifecycle of a furnace doesn’t mean it can’t work well beyond that. If furnace service has been scheduled regularly and it has been properly maintained, you might be able to go beyond that 12-15 year average. 2. Cost of replacing vs. servicing/repairing There are always unique circumstances when it comes to determining the cost of replacing versus having furnace service and repairs done, but there are a number of things to keep in mind when assessing the two. Furnace service Get a few estimates to ensure you’re getting the best deal. Keep track of when your warranty expires and note what it contains so you’re always saving as much as possible. Furnace replacement Furnace size will be calculated by the size of your home. Cost will differ depending on the level of energy efficiency you’re wanting. The higher the AFUE rating, the greater the chance for energy savings. After you figure out the costs of both routes, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term solution. Of course, these are only a small number of the variables, but the experts at WM J Kraus & Son are more than happy to help you choose which furnace is right when replacement becomes imminent. Give us a call at 319-524-3714 or set up an appointment through our online scheduler to find out what makes sense for both you and your budget.