Furnace Efficency And The Bottom LineIf your home heating furnace is 10 to 20 years old and it started its life rated at 80% efficiency, it is probably operating at about 40% to 50% efficiency now--depending on how regularly you’ve had it cleaned and serviced. This means, when it was new, for every dollar you spent to heat your home, 20 cents went up the chimney. Now, you are only getting about 50 cents worth of heat for each dollar spent.
This points out the vital need to have regular competent service done on your home heating furnace. This should be done yearly and by a company that is known for how well they do their work. Also, when choosing a company to invite into your home, ask what background checks and drug tests have been done on their employees.
However, there is something better that you can do to save money, particularly if your furnace is over 10 years old. Step up to a high efficiency furnace. By installing a new home heating furnace, rated at over 90% efficiency, you can immediately start putting money back in your pocket. For example, if you have an old furnace and you’re spending $1,200 a year for heat, you are throwing away about $600. When you install a new high-efficiency furnace, your heating bill next year should drop $400 to $500.
Ask about variable fans, because these will use less electricity too. If you really want to make sure you have the most efficient system, add a heat pump to your efficient gas furnace. The gas furnace/heat pump combination is the least expensive way to heat your home. The added bonus is that a heat pump will also provide cool air-conditioning in the summer.
There is one thing you should remember when shopping for a home heating furnace: The brand of furnace is not as important as the contractor you hire to install it. Imagine if the car you drive needed to be assembled at the dealership. You would be more concerned about the reputation of the dealer than brand of car, wouldn’t you? This is why a reputable contractor is the most important decision you can make in shopping for a furnace. Most reputable dealers carry one of the top five furnace brands anyway that have nearly the same efficiency rating. A great installation can make a much bigger impact on your bottom line.
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