As your local expert HVAC contractors in Sioux Falls, SD, one question we get asked a lot is whether or not high-efficiency furnaces are worth the cost. Up front, we can tell you that both high-efficiency and standard-efficiency furnaces will get the job done pretty efficiently. There’s only about a 10 to 15 percent increase in efficiency from one to the other, but a little more efficiency can go a long way in saving you money. The question is whether will it save you enough. There are several things to consider when answering that question, but here are a few points to help you better understand the costs and benefits of installing a high-efficiency furnace.
The difference between high-efficiency and standard-efficiency
Basically, a high-efficiency furnace uses less fuel than a standard-efficiency furnace. A standard-efficiency furnace converts about 80 percent of the fuel it uses to create heat; the rest is just wasted fuel. A high-efficiency furnace, on the other hand, converts fuel to heat at a rate of 90 to 97 percent depending on the unit you purchase.
Lower utility bills
Because a high-efficiency furnace uses less fuel, it will cost you less to run. Although the savings on your utility bill may not exactly correlate with the percentage of efficiency from one unit to the other, the energy savings are still significant. A high-efficiency furnace will most likely save you hundreds of dollars per year, which could mean thousands of dollars in savings over the life of the furnace.
There are rebates and tax credits involved
Because most of us—including our government—care about conserving energy, there are certain incentives the government offers to homeowners who are willing to spend a little more on a high-efficiency furnace. In fact, these incentives can range anywhere from a few hundred dollars to over $2,000, so you can add those savings to the money you are already saving on your utility bill.
A high-efficiency system costs more
With all the benefits of installing a high-efficiency furnace, you knew there would have to be a drawback. A high-efficiency furnace does cost more than a standard-efficiency furnace. How much more? Well, that depends on the type of furnace you want to buy, and a few other factors. As your expert HVAC contractors in Sioux Falls, SD, we can walk you through the high-efficiency furnace options available to you. However, a high-efficiency furnace will always cost more than its standard-efficiency counterpart, and that’s why it’s important to consider the costs and benefits involved.
There can be some additional costs involved when installing a high-efficiency furnace. High-efficiency furnaces usually have two vent pipes, while older models found in most homes have one, so there is some additional work involved here.
Overall, what do we think is the best option? Honestly, it really comes down to your return on investment. However, we do offer free estimates and will be able to help you determine which furnace will be the best choice for your home and your budget. Get in touch with A & R Heating & Air Conditioning Inc. to learn more.