AC Repair Versus Replacement: 3 Factors That Can Help You Decide
If your air conditioner stops working, you may find yourself struggling to choose between repairing this appliance and simply replacing it. This can be a difficult decision for many homeowners to make. After all, replacing your air conditioner can be a rather significant expense. On the other hand, you don't want to invest a lot of money in air conditioner repairs if this appliance is not going to last for the foreseeable future. If you find yourself struggling to decide between repair and replacement, there are three factors that you can consider to help you make this important decision. You can learn more about each of these three factors below.
Factor #1: Age Of The Appliance
The first thing you will want to take into consideration is how old your air conditioner is. If your air conditioner is more than halfway through its expected lifespan, spending money on major repairs may not be the most cost-efficient option. However, if your air conditioner still has more than half of its life left, there is a good chance that repairing this appliance now will provide you with several more years of reliable use.
Factor #2: Cost Of Repairs
Another important factor to consider is the cost of the required repairs. If these repairs are relatively minor, completing these repairs will often be your best option. However, if you are going to spend more than half the cost of a new unit on repairing your existing unit, you may want to seriously consider investing in a new air conditioner. In many cases, you will find that the improved energy efficiency of a new unit will help to make up the cost difference between a major repair and simply replacing the unit.
Factor #3; Available Resources
Finally, you will need to take into consideration all of the resources that you have available to you. For example, you will need to consider your current financial situation. If you do not have the money for a new air conditioner and are unable to qualify for financing, the option of repairing your existing AC will clearly be the better option for you. You will also want to consider resources such as available tax credits. If your local or state government is offering a tax rebate when you install an energy-efficient air conditioning unit, now could be the perfect time to replace your existing air conditioner while saving a bit of money on this upgrade.
For more information about AC repair and replacement, contact a local company.