Buying a furnace is a major investment that will have a strong impact on your home’s energy costs and comfort for years to come. While it may seem counter-intuitive, the end of heating season is actually an excellent time to be looking at buying a furnace. Why? There are two main reasons. The first has to do with inherent conditions in the HVAC market, and the second is a basic matter of supply and demand.
Recovery from the recent economic has been slow. To stimulate sales, manufacturers of furnaces have reduced prices across the board. From a pricing standpoint, right now is a very good time to be buying a furnace, as prices are lower, on average, than they were a few years ago.
However, that is true regardless of the season. The major advantage of buying a furnace as winter turns to spring is savings on the installation.
The cost of installing a furnace makes up a significant part of the overall price. During the dead of winter, HVAC technicians are flooded with service requests and new installations as homeowners scramble to fix problems with their existing furnaces or replace units that have gone belly-up. As such, many technicians are working overtime, which forces the contractors that employ them to pay them more. Those additional costs are passed off to the end consumer as a matter of necessity.
In the spring, the demand for furnace technicians and installation professionals is low. Thus, you don’t have to worry about conditions in the labor market from inflating the price. This has the potential to save you hundreds of dollars. If you’re looking at replacing your furnace and can make it until the end of winter with your current unit or a temporary solution (such as the use of space heaters), you might save a bundle.
At Paschal Heat, Air & Geothermal, we understand that buying a furnace is a big decision, and that you’ll want to save as much as possible. Contact us for more information.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about buying a furnace and other HVAC topics, download our free Home Comfort Resource guide.
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