Purchasing a new furnace is less than simple. Here are five factors you should consider before making the purchase.
Efficiency is one of the biggest factors that affects furnace price. As a rule of thumb, the higher the efficiency the higher the price of the furnace. However, higher efficiency also means lower energy bills which in turn results in more savings. You will need to consider what additional upfront cost you are willing to spend in in the short run on efficiency, in order to benefit from long term energy saving benefits.
Furnace brands are directly tied to furnace efficiency. Usually competing furnace brands offer similar levels of efficiency and most of the time lower to middle end equipment have a lot of the same features. However, the biggest separator between brands is the higher end equipment. For example, Lennox and Luxaire offer similar 80% and 90% efficient furnaces, but their top-of-the-line 98% efficient furnace offer many unique features.
The most important day of the furnace is the day it is installed. HVAC installation is complicated and should be performed by a professional licensed contractor. It is not a good idea to have an unlicensed one-truck-chuck perform your furnace install. Even though these “contractors” may offer a lower install price, you will eventually pay for it in the long run when your equipment only last half as long as it should.
4. Rebates and Incentives
Be sure to check if there any rebates, tax credits, or financial incentives available in the market for homeowner’s purchasing a new furnace. Utility Companies like Clark County PUD, Not-For-profits like Energy Trust of Oregon, and government agencies like the State of Oregon offer incentives to homeowner’s seeking energy efficient heating solutions. Be sure and talk to your contractor about any rebates and incentives you may be eligible for.
Different furnace manufacturers and contractors offer a variety of warranties. Be sure and check the warranties available for the furnaces you are interested in. Normally furnaces have three different warranties: heat exchanger warranty, parts warranty, and labor warranty. Consult your contractor and product warranty information before making a purchase.