When furnace equipment starts breaking down, or your gas bill is too high, it may be time to consider a furnace replacement.
If your furnace has a cracked heat exchanger, for safety reasons, you must replace your furnace. A cracked heat exchanger can draw carbon monoxide into your home, so it is cause for an emergency furnace replacement.
The average life span for a furnace is 17 years, so you will want to consider the age of the equipment as well as the cost of repairing vs replacement. Sometimes it is better to invest in a new furnace rather than to put money into your older, inefficient equipment.
- Older furnaces may have efficiency ratings as low as 60%.
- For every $1 you spend on your heating bill, 40 cents is lost to the outside, doing nothing to heat your home.
- Current federal standards require efficiency rates of at least 78% in new furnaces, high-efficiency units can achieve rates over 96%.
- That 40 cents you were losing to the outside, with a high efficiency furnace, could be as low as 4 cents.
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