“Should I replace or repair my furnace?” This is a common question that comes into the minds of homeowners whenever their furnace breaks down. How you do you know what the signs are that you need a new furnace?
While replacing the furnace is an expensive option, but sometimes you will save more in the long run when you replace the old furnace with a new one. This is mainly because the new furnace will require fewer repairs and operate with increased energy efficiency.
So, how can you know whether you should replace or repair the home furnace? Here are 5 signs that show that you need to install a new furnace instead of repairing it if you want to save money in the long run.
1. Energy bills have increased
As the furnace gets older, it draws more power to generate the heat resulting in increased energy bills. If you are paying significantly more in energy bills as compared to the previous year but the rates and energy consumption have remained somewhat the same, you should consider installing a new furnace. Newer models perform at greater energy efficiency levels as compared to older models. Depending on the type of the new furnace, you may be able to save $50 to $100 in energy bills every year.
2. The heat exchanger is damaged
The heat exchanger is an important component of the furnace that helps in generating warm air. If cracks develop inside the exchanger, the furnace will not be able to heat up the air. Also, there is a risk that carbon monoxide may leak when the exchanger gets damaged posing a serious health hazard to the household. Replacing the heat exchanger could cost up to $2000. At that price, you can easily buy a modern energy efficient furnace for your home.
3. There’s a fault in the circuit board
The circuit board is another important component of the furnace. It controls a variety of complex processes and monitors operation of the furnace. A problem with the circuit board will make the furnace fan blower to run improperly creating noise and drawing more energy. Replacing the damaged circuit board can cost you around $500 to $1,000. You might be better off buying a new furnace instead of replacing the circuit board as it might save you more over time.
4. You have a faulty furnace motor
The warm air generated by the furnace is pushed throughout the home by the motor. If the motor gets damaged, the heated air won’t move throughout the home. Upgrading the furnace is a better option in such a situation as it will save you more in the long run as compared to replacing the motor.
5. There are strange sounds coming from the furnace
If you hear rattling, clanging, or another strange sound from the furnace, it could point to a major issue with the furnace. Of course, it may also mean that something is loose inside the furnace.
You should let a professional technician from Bob’s diagnose the system to find out the cause of the noise. If there is something seriously wrong with the furnace, it’s better that you install a new energy efficient furnace instead of repairing it.
Call Bob’s for more advice on buying a new furnace
If you want professional technicians for installation of a new furnace in southern Louisiana—including Morgan City, Houma, and Thibodaux—contact us at Bob’s Heating and AC.