To Repair or Replace, That is the Question?
Older furnaces, unsurprisingly are less efficient both on Gas and Electrical Consumption. Furnaces typically last about 20 years before they need to replaced. Depending on the AFUE rating of your furnace, you can calculate how much money is being lost compared to a newer more efficient furnace. An estimate below will give you an idea.
96% Hi- Efficiency furnace = 4% loss or $4.00 for every $100.00 of Energy input
92% Hi- Efficiency furnace = 8% loss or $8.00 for every $100.00 of Energy input
80% Mid-Efficiency furnace = 20% loss or $20.00 for every $100.00 of Energy input
65% Low Efficiency furnace = 35% loss or $35.00 for every $100.00 of Energy input
Couple this with the Electrical Energy Savings of 30% to %70, depending on the type of ECM motors used in your new furnace, and the savings are quite
Substantial. With Today's current Bank Rate of Return on Investment, there is an argument that a New Furnace is a Wise Investment.