For the average homeowner, the thought of having to repair or replace any of their home's major systems can result in feelings of dread and anxiety. This is especially true when faced with replacing a failing or outdated air conditioning system with a new model that is sure to be expensive to purchase and install. Homeowners who find themselves postponing the replacement of their air conditioning system for cost-related reasons may be overlooking the potential savings they may reap by doing so sooner, rather than later.
Here are four ways to save on your air conditioning replacement.
1. Take advantage of special pricing
HVAC contractors who sell and install new units often need to clear out last year's models to make room for new shipments from the manufacturer. Many may offer special pricing or terms on models manufactured last year in order to get them sold.
Some HVAC contractors may also be able to offer special pricing on repossessed units, showroom models, or units with slight cosmetic imperfections. Many may also offer low-interest financing programs or the ability pay a lower cash price if paid in full within a few months of the purchase date.
2. Remember to factor in utility cost savings
Waiting to replace an inefficient air conditioning system can be very costly if it is consuming a lot more energy to cool the home. The money used to pay the higher utility bills for just one season could help to offset a significant amount of the cost involved in purchasing and installing a new, more efficient air conditioning system.
3. Ask about partial system upgrades
Homeowners may also want to ask about partial system replacement, instead of replacing an entire system as a way to reduce the project costs. For example, if an evaporator coil, compressor, or condenser has failed, and the remainder of the system is still functional or able to be easily repaired, opting to upgrade only the failed portion could offer significant savings to the homeowner.
4. Explore rebates and assistance programs
Homeowners facing the replacement of their central air conditioning system may find some relief through rebate or assistance programs. Utility companies, HVAC manufacturers, and government programs may offer applicable rebates that could potentially cover a portion of the cost involved in replacing or upgrading a non-functioning or inefficient air conditioning system.
Homeowners with lower incomes may also be eligible for grants through the Federal Low Income Home Energy Assistance Program (LIHEAP) or a community or charitable organization that offers some type of assistance to residents in their local area.
Homeowners can discuss these and other ways to find potential savings on the cost of replacing their home's central air conditioning system by discussing their concerns with a reputable air conditioning repair and replacement contractor in their area.