When you're in need of a new heating system for your home, you may find yourself in the position of choosing between a less expensive system you can purchase without financing and a more valuable system you can afford with borrowed money.
At first, you may be tempted to purchase the less expensive system after assuming that it's better to avoid taking on any debt. However, the following are four big reasons why it may be in your best interests to purchase a better system with the help of financing:
Take advantage of savings on utility bills
If a financed purchase means buying a high efficiency system, you'll probably find that the additional money you're spending on the loan and interest will be reimbursed to you over the years in lower utility bills.
Buying a high efficiency gas furnace could save you $145 per year on your utility bills. Over the entire life of a furnace, these savings are likely to pay you back for the additional money you're investing in efficiency.
Make your home healthier
Your furnace, heat pump, and HVAC ductwork have a huge influence on the air quality in your home. Investing in a better heating system will likely mean that the air your breath inside your home is purer and more healthy.
A high-quality furnace or heater is likely to include a filter with a high enough Minimum Efficiency Reporting Value (MERV) rating to filter pollutants out of the air that could aggravate allergy symptoms and other respiratory ailments. A filter's MERV rating is an indication of the smallest particles the filter is capable of removing from the air that passes through.
Make your home more comfortable
It's hard to put a price tag on comfort in your own home. Being comfortable when you're at home can make many everyday tasks like working and taking care of your home easier. This, in turn, can benefit your wallet over the long run.
Avoid incurring maintenance expenses
A less efficient heating system wears out faster. It's also likely to cause other components of your HVAC equipment to need maintenance more frequently.
For example, a furnace that filters air poorly will cause your ducts to accumulate debris faster and need cleaning more frequently. This in turn will cause your air conditioner to need to work harder after the weather warms up to get cool air channeled throughout your home via your ducts.
For further assistance, contact a local heating repair professional.