Most homeowners work hard to extend the life span of their furnace to maximize the value of the investment. Yet, when components start failing, and you find yourself needing repairs, you may wonder when to consider a furnace replacement. The following guide can help you make the right determination. 

A Guide to Furnace Repairs vs. a Replacement

How Old Is Your Furnace?

The life expectancy of most furnaces is between 15 and 30 years. Naturally, you’ll want to strive for the higher end of the life span, but when repairs become frequent and costly, it may be more economical to simply replace it. If your system was installed more than 15 years ago, its components may begin to wear at a quicker rate, so consider a furnace replacement.  Also, newer systems will be more energy-efficient, which will keep your monthly heating costs down. 

What Will the Repairs Cost?

If your system is on the older side, the rule of thumb is to opt for a replacement when the cost of the repairs exceeds half the value of a new model. Of course, pricing can vary based on numerous factors. For example, oil furnaces tend to cost more than gas and electric models, while specific brands can also influence pricing. Ask your contractor for an estimate on both a replacement with your desired features, as well as the repairs so you can compare prices.

Do You Need Frequent Repairs? 

When repairs are no longer isolated events but repeated two or three times within a few years, it’s time to think about replacing your system. Any furnace will require fixes, such as addressing water leaks, over the course of their life span, so these issues don’t typically warrant replacement. When major repairs, such as a compromised heat exchanger or control module, begin to pile up, it indicates that further breakdowns could be on the horizon. In these cases, a replacement is often the more cost-effective choice.

If you’re deciding between a furnace replacement or repairs, allow Thomaston Oil for help. Specializing in repairs and installations for heating systems, this trusted, fully licensed company has been serving Litchfield County, CT, for more than 30 years. Browse through their brands of heating systems online, or call (860) 283-4878 to schedule an appointment.