Farmington Hills Energy Efficient Furnace Installation

There is a lot of debate going on right now about energy-efficient appliances. The government is offering rebates to people who buy them, but who has money to spend on new appliances, especially if their old ones are still working? Well, you may change your tune and save up some money for a new furnace when you find out just how much an energy-efficient furnace can save you. This isn’t to say, of course, that you should pull out a five-year-old furnace to replace it with the newest model, but you should seriously consider replacing your furnace if it is more than fifteen years old. For one thing, you’ll save money on repair costs, no matter what type of new furnace you buy. And even the most inefficient, most inexpensive contemporary furnaces can still save energy compared to one that is more than a decade old. The actual amount that you can save from a furnace depends on what type of furnace you have and what you’re replacing it with. Because of the cost of oil, furnaces that run on oil will save more money when they are efficient than furnaces that are run on gas. However, all types of energy materials are rising in cost, so the sooner you replace your old furnace with a new, energy-efficient furnace, the more money you’ll end up saving over time. Savings with Gas Furnaces These savings hold true for a home that is about 2,500 square feet, and they are meant to show you what you could save by replacing your old gas furnace with a new one that is 90% efficient.

In frigid Maine, the average savings for replacing a 60% efficient furnace with a 90% efficient one are about $1,300, and replacing a 78% efficient gas furnace with that same 90% efficient model can save $355. These savings are per year, so just imagine what you could save over the life of your new furnace. Of course, if you live in a more mild area, you won’t save quite as much, but even in Florida, the savings would really add up. Savings with oil Furnaces The amount of money you can save with an oil furnace is even more shocking. If you were to replace a 60% efficient oil furnace with a new one that is 83% efficient, you could save around $1,600 a year in a cold climate and at least $200 a year in a hot climate. Replacing a 75% efficient oil furnace with an 83% efficient model would save you almost %600 in a cold area and at least $100 in a warmer area. Repair Costs While you’ll still have to have your brand-new furnace checked every year, you could save some serious cash on actual repair costs. If your duct-work and electrical wires are in good shape, it may only cost you about $2,000 to $3,000 to replace your furnace with a new energy-efficient furnace, and if you live in an area that gets even a little chilly in the winter, you can recuperate that in repair costs and energy cost savings in just a couple of years.