Is Your Old Air Conditioner Saving Or Costing You Money?
Replacing an air conditioner is a big investment, and one that you shouldn’t have to worry about very often. In lots of cases, a homeowner thinks they are saving money when they decide to put off an air conditioner installation. Is that actually true though?
I’ve been replacing air conditioners and heat pumps around Southwest Virginia for 15 years now, and I’ve seen systems in all sorts of different conditions. In some cases, the system is well-maintained and running efficiently. In lots of other instances, we are going to replace an old HVAC system that doesn’t work well, and runs the energy bills through the roof.
In this article, I’ll discuss the cost-effectiveness of an old cooling system versus a new one. If you want to speak to someone about a new cooling system for your home, whether that be an air conditioner or a heat pump, give Complete Comfort a call at (276) 690-9222, or reach out to us online.
How Your Old AC May Be Costing You Money
If you have an old air conditioner, it may be costing you more money than you realize. Your AC should last anywhere between 10-20 years, depending on how well you take care of it. Once it gets above 10 years, you may start to see some problems with your cooling system.
There are a few obvious ways it may be costing you money, and there are also some more subtle ways you may not realize. Here are a few ways your old AC is costing you more money than it should:
High Energy Bills
If your old HVAC system is inefficient, it could be running your energy bills up higher than it should. You may think you are saving money because you are putting off the cost of a new HVAC system, but in reality, you are simply delaying the inevitable, while paying more in energy costs in the meantime.
Older HVAC systems are less energy efficient than newer ones. Also, over the years, the efficiency of the system has likely decreased, and it costs more now to run than ever before. It may not always be obvious if the costs have slowly risen over time. We recommend inspecting your energy bill, and also comparing it to your energy-efficient neighbors. Most energy companies will allow you to look at a comparison to your old energy costs, as well as your neighbors. If you see that your costs are higher than they should be, it may be costing you hundreds, or even thousands of dollars in the long run.
Repairs Needed
If your AC system is older, it may run into breakdowns and repairs being needed. Some of these are cheap and easy, but others can become costly. If you find that your system has needed more than 1 repair in the past 2 years, you may want to start considering a new HVAC system. If you had a car thaat broke down over and over, you wouldn’t want to keep pouring money into it. The same applies to your HVAC system. Instead of putting a band aid on a failing system replacing it will likely end up saving you money in the long run.
Lower SEER Ratings
If you have an older AC, it could have a lower SEER Rating. This means a lower efficiency rating. As of January 2023, SEER rating requirements were updated, meaning that new AC systems had to be built with more energy-efficient ratings. This also means that older systems are likely less efficient.
New AC systems with better SEER ratings are going to lower your energy bills, and likely improve your home comfort as well.
How Replacing Your AC May Save You Money
When you install a new heat pump or air conditioner, it’s going to improve the comfort of your home, and it’s also likely going to help you save money in the long run.
Energy Savings
With a brand new HVAC system, it’s likely to be far more energy efficient than your old system. With this new energy-efficient unit comes energy savings. You should see your utility bills go down, saving you money over the lifespan of your new system.
No Repairs Needed
With a new HVAC system, fewer repairs are going to be needed. If you used to have an older system, it may break down or require some replacement parts. No longer is this a concern, at least for the first few years. With regular maintenance, you should have a smoothly running AC system for years to come.
The Best Way To Make Your System Run Efficiently
The best way to get the most out of your cooling system is to schedule routine maintenance. This is going to help your system maintain energy efficiency and avoid costly breakdowns and repairs. When you schedule AC service, it comes along with a list of benefits:
- Improved energy efficiency
- Lower energy bills
- Longer system lifespan
- Better indoor air quality
- Better cooling
We recommend you have your cooling system serviced at least once a year. Call us at (276) 690-9222, or contact us online to schedule your AC service!
Using Rebates and Tax Credits To Save Money
Lots of newer, energy-efficient HVAC systems qualify for rebates or tax credits that will help you save money on your new HVAC installation. These are put in place by government programs, HVAC manufacturers, and utility companies. They are aimed at reducing the initial cost of an HVAC system, and reducing the amount of energy we consume. These rebates and tax credits often aim to make our society greener and more eco-friendly, while also helping residents with their costs and comfort!
Installing A New Cooling System In Southwest Virginia
If you think your old air conditioning system is costing you money after reading this article, give us a call at (276) 690-9222, or contact us online. One of our comfort specialists will be able to inspect your HVAC system, and let you know how it’s running. They can help you either with routine service, or give you a free estimate for a new HVAC system. No matter what your cooling system needs, we have you covered! At Complete Comfort, we care!
Air conditioning systems are one of the most impactful components of your home energy consumption. They run all summer long, and play a huge role in the cost of your energy bills. Air conditioning systems last for years, and often can become run down, and less energy efficient. Upgrading to a more energy-efficient AC system can save you money, reduce energy consumption, and increase your comfort.
Frequent repairs are a red flag in any appliance, especially air conditioners. If you find yourself calling for repairs more than once a year, it’s time to consider whether replacing your system might be more economical than continuing to repair an old one. Just like sinking money into a car that keeps breaking down, it may be a better idea to replace the old system, because it may save money in the long run.
