Upgrading your HVAC (heating, ventilation and air conditioning) system through installation or replacement is crucial for ensuring long-term comfort, energy efficiency and cost savings.
While the up-front cost may seem daunting, especially for high-efficiency systems or complex installations, the benefits far outweigh the initial investment. While initial furnace and AC replacement cost varies, the average price of a home HVAC system is $3,000 to $10,000. The final cost will depend on things like the type of system, installation complexity, any additional features, etc.
However, a new furnace or air conditioning system not only improves your comfort, but also enhances energy efficiency. This leads to lower utility bills, which means furnace replacement or air conditioner installation can save you money over time.
Fortunately, there are several ways to make a new HVAC system more affordable. From government incentives to manufacturers rebates, several options exist to bring down the initial cost so you can enjoy a comfortable, safe home environment.
Here are five ways to reduce the cost of your next new HVAC system:
1. Dealer HVAC Discounts and Special Offers
Many heating and air companies offer specials and discounts for HVAC installation and select services. Some companies offer regular discounts that are in place all of the time, while others may also offer seasonal or occasional specials.
Arctic Circle Air offers multiple HVAC discounts, including a 10% discount for military service members and seniors. Plus, our HVAC maintenance plans offer a 10% discount on the purchase of new HVAC equipment.
2. HVAC Tax Credits
A great way to get a discount on a high-quality heating or cooling system is through HVAC tax credits. The federal government offers these tax credits through legislation that encourages the installation of energy-efficient home comfort technology, namely the Inflation Reduction Act of 2022 and High-Efficiency Electric Home Rebate Act (HEEHRA).
These programs provide rebates or tax credits to homeowners buying qualifying HVAC equipment. This includes qualifying air conditioners, heat pumps, ductless mini-splits and furnaces.
How do you get an HVAC tax credit or rebate? Whether you are eligible for a rebate or tax credit depends on your income. If you qualify for a rebate, that will be processed at the time of sale. Tax credits are claimed on your taxes, so you should consult your local tax professional for details.
3. Manufacturer Rebates
Just like HVAC dealers may offer special discounts, the system manufacturers themselves often offer rebates or discounts on heating and air conditioning products.
Called manufacturer rebates, these discounts are a way to offset the initial cost of purchasing and installing a high-efficiency HVAC unit. By partnering with manufacturers, homeowners can take advantage of rebates that allow them to purchase quality, energy-efficient models. These rebates can significantly reduce the up-front expense of upgrading to a more efficient system, making it more affordable for homeowners to invest in technologies that deliver long-term energy savings.
4. HVAC Financing
One way to ease the initial price of a new HVAC system is through financing. Many heating and cooling companies, including Arctic Circle Air, offer HVAC financing. This allows qualifying customers to secure a loan to pay for a new HVAC system, and then pay back the loan in regular installments.
Spreading the cost out over time with financing can be a convenient way to pay for furnace installation, air conditioner replacement or other HVAC equipment purchases.
5. Pair AC and Furnace Installation
If your air conditioner quits, you may only consider replacing your cooling system. However, replacing both your heating and cooling systems at the same time—while the cost is more up front—can save you money in the long run.
That’s because you may pay less in labor costs to install an AC and furnace at the same time, for example, than if you had to hire a company to replace each individually at different times. There also may be some of the cost-saving measures mentioned above—manufacturer rebates, HVAC tax credits or even dealer discounts—available for homeowners who buy both systems at the same time.
It never hurts to do your homework, because these rebates and credits can add up!
Call Arctic Circle Air to Save on a New HVAC System
Thinking about a new HVAC system? Arctic Circle Air is here to help. We consider our customers family, so it’s no surprise we provide the HVAC replacement Loganville residents turn to year-in and year-out to increase the comfort in their homes.
As the HVAC company Loganville trusts, Arctic Circle thinks long term. We don’t just want you to be happy with your new HVAC equipment today. We want that heating and cooling system to provide years of lasting comfort and reliability.
Let’s find the perfect HVAC system for you. Call 770-268-0227 today for a free HVAC installation estimate!