Once your air conditioner starts to get up in years, you might find yourself wondering what’s the best use of your money: should you spend money on another repair or put that money towards a new system?
The fact is that most of the time, it’s going to be significantly cheaper to repair your system than to replace it. However, there are some other factors to consider, especially once your system crosses the 10-year mark.
If you find yourself saying “yes” to one or more of the questions below, it’s probably time to start shopping for a replacement for your current system.
Is your system older than 15 years?
According to the National Association of Homebuilders, you can expect to get about 10 to 15 years out of your air conditioner, 16 if it’s a heat pump. If your air conditioner requires an expensive repair at 15 years of age or older, you’re probably better off replacing it because it’s likely to break down again soon.
Is your air conditioner breaking down more and more frequently?
Repair costs can stack up over time, especially as air conditioners age. Keep track of each one so that you don’t find yourself making repairs year after year on an old unit when you could’ve been putting that money toward a new one.
Does your air conditioner require an expensive repair?
Some repairs and part replacements cost much more than others. If your air conditioner is already past 10 years old and needs a significant repair or part replacement, like a new compressor, check how much the cost of that repair compares to the cost of a new unit. Instead of paying for a repair, that money could instead be used for a substantial down payment.
Does your system use R-22 refrigerant?
R-22 refrigerant (commonly known as Freon) is being phased out in favor of more environmentally-friendly options. This means that the price of remaining R-22 supplies is going to continually increase as they become smaller. Consequently, if your system needs to be recharged with R-22 due to a refrigerant leak, the cost of that alone might be enough to justify an upgrade to a new system.
Are your energy bills costing you a fortune?
Air conditioners lose efficiency as they age, and as a result, they lose their “cooling power” and cost more and more to operate. If your current system is giving you astronomical energy bills or has to run constantly to keep your home cool, it’s probably ready to retire.
There’s no need to sweat it: at Bounds Heating & Air, our Gainesville air conditioning experts make upgrading your system easy as can be. Contact us today to learn how we can help you: (352) 290-3370!