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You can expect to pay an average of $5,954 for AC replacement costs. Most homeowners pay between $3,906 and $8,016, with your actual costs depending on the type, size, ductwork, and local contractor fees.
Air conditioner costs typically range between $3,000 - $15,000 or more. It's important to note that this price range is an average and doesn't include the cost of installing a furnace, evaporator coil or making modifications to ductwork which will all incur additional expenses.
The cost of replacing an existing central air conditioning system is typically between $5,000 and $13,000. Determine where your own costs will fall by taking stock of the state of your current system. Understanding your system and timing your purchase can affect final prices.
Average New AC Unit Costs
The average cost of installing a new central air conditioner in 2024, including equipment and labor costs, is $5,750 for a 3-ton unit in a 2,000-square-foot home. On average, a new AC unit cost will fall between $3,300 and $7,800.
However, if you have taken proper care of your equipment over the years, it may have plenty of life left. 14 to 20 years old: This is the average life span of well-maintained HVAC equipment. A breakdown at this age may warrant a replacement.
Key takeaways: Homeowners insurance covers HVAC systems when the damage is due to a covered peril or disaster. A standard homeowners insurance policy won't cover an HVAC unit if the damage is due to general wear and tear, owner neglect or old age.
Usually, it is a quick fix, but sometimes the failure can be caused by a much bigger problem. The most expensive part of an AC unit to replace and repair is the air compressor.
While every unit is different, and every homeowner has a different understanding of when their central air conditioner is broken beyond repair, it's fair to say that, with proper maintenance and care, you can expect a good 15 to 20 years of cooling from a new high efficiency air conditioning system.
"But the average monthly cost for most people is anywhere from $70 to $144 a month in the summer." The type of cooling system in your home can also affect energy use, but not as much as you might think.
If you're wondering whether a central air conditioner is a lot more energy savvy than window types then the answer, quite simply, is yes. Central air conditioning systems are more energy-efficient than window air conditioners, meaning you'll save money on your monthly energy bill.
Better pricing: Since there's less demand for HVAC system replacement in spring and fall, your HVAC contractor might even offer their own savings incentives.
There are several ways to finance an air conditioner including store credit card financing, home equity loans, personal loans, 0% APR credit cards, and HVAC contractor financing.
Wrapping It Up: Your Cool Guide to Air Conditioning Costs
Here's what you need to remember: Cost Varies by Type: Window units ($300 – $1,000), Portable units ($400 – $1,200), Split systems ($600 – $2,500), Ducted systems ($5,000 – $15,000+), Multi-split systems ($2,500 – $7,000).
Does homeowners insurance cover air conditioner replacement? If your air conditioner is damaged or destroyed due to a covered peril, such as lightning or a windstorm, your homeowners insurance policy may pay to repair or replace the unit, up to your coverage limit and minus your homeowners insurance deductible.
There are 4 main options for AC financing or HVAC system financing: a personal loan, a home equity loan, a HELOC, and HVAC financing through your local Trane dealer. For all of these options, you can reduce the amount of the loan or the credit card balance if you can make a down payment.
Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded. When an insurer writes your homeowners coverage, the insurer is legally obligated to offer you earthquake coverage for an additional premium.
It's important to be aware of how long air conditioners last, so you don't get the unwelcome surprise of a broken air conditioner in the peak of the summer heat. In general, air conditioners that are properly maintained can last 15 to 20 years.
A new HVAC system costs around $7,500, on average, and prices typically fall between $5,000 and $12,500. Pricing includes HVAC system and labor costs.
How much will a new AC unit save me? How much you can save with a new AC unit will depend on your old unit, the replacement model, how much you use your air conditioning, and the cost of electricity where you live. Estimates vary from 10% to 50% savings on your air conditioning costs per year.
American Standard air conditioners stand out as one of the premier central air conditioning brands in the industry. With a reputation for fewer repair calls compared to other brands, they offer reliability that homeowners can trust.
Costco is a great retailer and has put more resources into the HVAC category. Lennox and Costco have partnered so Lennox is the exclusive HVAC Brand offered by Costco.