New air conditioning systems are a significant financial investment. It can be difficult to know when the time is right to invest in a new one. The good news is that even though purchasing a new unit can be expensive at first, replacing an old or malfunctioning AC system can save you money in the long run.
If your current AC setup is causing you to overpay for electricity or is not working properly, it may be time to replace it. Continue reading to understand how a new AC unit can help you save money.
Benefits of Upgrading Your AC Unit:
The Seasonal Energy Efficiency Ratio (SEER) measures the efficiency of air conditioners during a typical cooling season. The SEER rating helps to compare the operating cost of the cooling system to that of other cooling systems. The higher the SEER rating, the more efficient the air conditioning unit.
Changing to a unit of the same size with a higher SEER rating can substantially reduce your energy consumption. The SEER rating can be found on the Energy Guide label on your AC unit. If you are buying a new air conditioner, pick the one with the highest SEER rating that you can afford to maximize the savings on your utility bill. Although the initial cost of more energy- efficient systems is higher, the operating costs are lower for units with higher SEER ratings, thereby reducing the overall cost throughout their lifetime. The higher SEER rating of a unit is especially beneficial in hotter climate zones.
Reduced Maintenance Costs
Another way you can save money by replacing your AC unit is in maintenance costs. Your unit will require more frequent repairs as it ages, the parts will become more difficult to find, and you will likely need to call a technician more often to fix it, which will result in higher repair fees. Newer units require little more than your annual maintenance, such as replacing filters and checking parts, so you can spend less on repair and upkeep with a newer unit.
More Incentives with New AC Unit
When you buy an AC unit with a high SEER rating, particularly an ENERGY STAR-rated unit, you may be qualified for rebates or incentives. Several utilities provide rebates and other discounts for the installation of new energy-efficient heating and cooling equipment, as well as other energy efficiency improvements. You may also be eligible for municipal or state tax credits in some regions.
Upgrade Your AC System with Breeze Lease Purchase
A new air conditioner may seem like a large investment at first, but the money you save in operation and maintenance costs makes it a smart decision that can help improve the quality of your life in your home.
If you want to purchase or replace your HVAC system, consider Breeze Lease Purchase’s HVAC leasing options. We were established to assist homeowners who may be unable to obtain a new HVAC system due to poor or no credit—so you can apply for our lease program irrespective of your credit score. To learn more, contact us online or call (855) 330-3959