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Is Financing Worth It For A New HVAC System?

April 6th, 2023 by eshoop

new hvac unit installed on the side of a house.

HVAC units are an absolute necessity. They ensure that your family stays comfortable throughout seasonal temperature changes. When it’s time to invest in a new HVAC unit, you’ll realize how expensive they are to buy. One of the best options to take advantage of is to finance your new HVAC unit so that you can pay for it over time.

Benefits of Financing a New HVAC System

When it comes to financing a new HVAC unit, you can take advantage of many different benefits. The biggest benefit of financing a new HVAC unit is that you don’t have to pay the high upfront cost for it. Paying for the new unit over time can make it more manageable for most homeowners. Plus, most newer HVAC units will be more energy efficient than your older ones. This will allow you to use the energy savings that you’ll gain from your new unit to help pay for its cost.

Negatives of Financing a New HVAC System

As with any sort of financing, there are always going to be some drawbacks that you need to be aware of. A big drawback of financing a new HVAC unit for your home is that you’ll be paying interest on the unit over time. When you pay upfront for the entire unit, you don’t have to pay any sort of financing interest. This can save you a good chunk of change.

How to Decide if Financing is the Right Solution For You

Every homeowner has to decide if financing a new HVAC system is the right choice for their situation. For most homeowners, buying a new HVAC system happens when their old system stops working.

Most people at this point don’t have the money upfront to buy a brand-new system. This can make it hard to get through the woes of the extreme temperatures throughout the year. Financing in this situation can be the best option. It ensures that you get an HVAC system installed in your home without having to wait and save up the money to get it.

If you have the upfront cash on hand, you may opt for buying your new HVAC system outright. This will help you to avoid interest over time. Plus, it gives you peace of mind that you don’t owe anyone money for your new system. Some HVAC pros may even give you a discount price when you pay for the unit upfront.

Call Us Today

If you’re thinking of getting a new HVAC system for your home, then it’s time to talk with our HVAC professionals. Let our HVAC professionals help you find the right system and financing option for your home.