It doesn’t happen often, but sooner or later all homeowners are faced with replacing their heating and cooling systems with newer models.
This is a big-ticket project that takes a significant amount of funds from the household budget.
But there are advantages to new equipment, according to our partners at Trusted Choice. If your central air-conditioning system or furnace is more than 15 years old, newer equipment will be much more energy-efficient. It will burn less fossil fuels, which will reduce your carbon footprint. New equipment will make your house feel more comfortable and it will help you pay less for energy. But how much less?
New equipment will make your house feel more comfortable and it will help you pay less for energy. But how much less?
Figuring out your monthly, annual or life-of-the-product savings gets tricky because energy-efficient products have higher up-front costs than standard products.
One of the best ways to judge savings is to calculate the payback period. That’s how long it will take you to make up the difference between the cost of highly efficient equipment and standard equipment based on the monthly energy savings. Once you hit the payback mark, the monthly and annual savings continue. Fortunately, there are online calculators that can help you determine your payback period. But to use them, you will first need to determine some information.
But to use them, you will first need to determine some critical information about what you pay for the fuel that powers your heating and cooling equipment.
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