Buying a new furnace can prevent repair bills, reduce energy usage and provide tax benefits.
Since a furnace is a major home appliance, it's wise to weigh the pros and cons of buying a new one before parting with your hard-earned money. Some of the benefits of buying a new furnace could save you a significant amount of time and/or money on repairs, utility bills or tax bills. Does this Spark an idea?
Repairs
If you have a faulty furnace that is no longer under warranty, you may find that it's cheaper to replace it rather than repair it. Even if replacement costs more than repairs, it may still be easier to have a fixed one-time expense versus unpredictable repair costs.
Energy Usage
Buying a new furnace gives you the option of choosing one that uses energy efficiently and helps to reduce high heating bills. However, an inefficient furnace isn't the only potential culprit for high bills. Be sure to rule out other problems like drafty windows and poor insulation before buying a new furnace.
Rebates and Taxes
Furnace manufacturers, retailers and energy service providers frequently provide rebates for homeowners who purchase energy-efficient appliances. A new furnace purchase may also qualify you for tax deduction that could lower your tax liability.
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