Do you have an old furnace at home which needs repairs or have not been functioning properly? Well, maybe it is time to consider upgrading your system. The new advances in technology and new innovations have set high standards for furnaces today. Furnaces efficiency is about 96% higher than it was before. This will lead to a conclusion that buying or renting a new furnace may be more cost-effective than trying to repair it. About 25% of your home-heating cost is wasted by using an old inefficient furnace. By upgrading, you don’t only experience a high-efficient performance, but also huge savings. After an estimated seven years your invested money on a new furnace will pay off through the savings you get. And if at any time in the future, you consider selling your home, you increase its value by upgrading your furnace.
So how much should a propane or natural gas furnace rental cost to be reasonable? The price actually varies depending on different factors like the length of the contract and the HVAC company you have a deal with. Prices range is between half a hundred dollars to a hundred per month for an 8-year contract. All installations, repairs, and maintenance have been included and almost all companies don’t require you to give down payments. The monthly price will also change depending on the brand you choose. For example, a high-end brand like Lennox will require you to pay more than Goodman. The BTU output is also a factor that affects price rates. Larger units will mean they have higher efficiency, thus having more expensive rates. Most people will not consider spending thousands of dollars for a new heating system and usually opt to rent, knowing they can pay it gradually and not immediately.
Homeowners also go to a traditional process of financing wherein they need to have a good credit or have no insisting credit history. This makes it harder to get efficient furnaces. Another factor which affects the price of a furnace is the type of furnace you will get. It’s either oil to gas, propane to natural gas or oil to propane. Conversions will be more complex and will result in higher installation cost which will be distributed to your contract period, adding to your monthly fee. If you have a baseboard heating, radiators or have no ductwork in your home, then you must consider the cost of having heating ducts installed. But you can also get a ductless system which is also more expensive than the others.
There are a lot of things to consider once you have decided to sign a contract for furnace rental. Make sure you find a company which offers a hassle-free setup and installation. And make sure removing your old furnace system is free too. Make sure it is government certified and approved, aside from getting rebates you can also press charges if they violate their rules in your contract, get a free quote or consultation most HVAC companies do. You might also want to consider making your agreement an open one. This will allow you to buy out the unit when you have the money without any penalty.
In the end, it all comes down to choosing what you fits your lifestyle, financial situation, and personal preference. If you have cash then go for purchasing, but if you continue to worry about extra cost when breakdowns happen then choose to rent. You have to consider a few factors and understand the whole process of renting and the differences and advantages of purchasing. When choosing for the comfort of your family always consider the best choice.