An HVAC replacement cost is $7,500 on average. This range could be as low as $5,000 or as high as $12,500, depending on the type and size of your unit, the brand, and labor costs. Your overall cost for a new HVAC unit could reach $22,000 if you add new ductwork and additional features like a HEPA filtration system.
The cost of replacing an HVAC system typically ranges from $6,224 to $11,434. This HVAC replacement cost depends on your home's size, the system type, and installation requirements. The estimate includes both a central air conditioning unit and a gas furnace, along with standard labor costs.
The $5,000 rule is an industry-accepted rule for determining whether to repair or replace an HVAC system. Multiply the age of your equipment by its estimated repair cost. If the outcome is under $5,000, you should probably repair it. If over $5,000, you should replace it.
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.
A heating or cooling system is a significant investment, and it only makes sense to get as much use out of it as possible. In general, most HVAC systems will last 15 to 25 years, but depending on the type of system and other contributing factors, that estimate can be highly variable.
Homeowners insurance covers HVAC systems when the damage is a result of a covered disaster or peril, including high winds, fallen trees, theft, hail or even a fire. So if lightning strikes your unit and damages its electrical components, your homeowners insurance policy would probably cover it.
Making Your Heating and Cooling System Installation Decision
Once again, you can expect to save between $2,000 and $5,000 on total installation costs by bundling both your furnace and air conditioner together.
The Inflation Reduction Act (IRA), effective through 2032, offers annual tax credits up to $2,000 for ENERGY STAR-certified heat pumps and other high-efficiency HVAC systems. This recurring credit can be claimed each year that eligible improvements are made.
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.
On average, you can only expect about 15 years of reliable service from a central AC system. And that's only if you maintain your system well. So, if your home has an AC that's 20 years old or older, it's likely living on borrowed time. Here are all the reasons to replace your home's 20-year-old air conditioner.
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.
The global rise in fuel and energy prices has also increased the cost of manufacturing and transporting HVAC equipment, thus driving up HVAC prices for consumers. Changing environmental regulations also push the market towards newer, more expensive products as manufacturers work to comply with evolving standards.
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.
If your AC is newer, you may be able to replace just the outdoor unit. In many cases, this could lead to decreased energy efficiency or early AC failure. Installing a new AC costs between $3,800 to $7,500. Replacing just the outdoor unit can sometimes void the warranty.
Air conditioners and furnaces over 10 years old are generally what the HVAC industry would classify as “older.” This is also when most indoor and outdoor units stop being under warranty. If both your AC and furnace are more than 10 years old, we would recommend replacing them both at the same time.
On average, Trane HVAC systems cost between $3,000 to $12,000 or more, depending on previously mentioned factors. Trane HVAC prices range depending on the specific type of system you select, as Trane offers various models and sizes of each type of system.
You can expect an HVAC system to last for anywhere from 15 to 20 years, maybe even longer, said Seattle-based designer and home renovation expert Eric Goranson, host of the Around the House podcast and nationally syndicated radio show. "It really depends on how well you service and maintain that system," he said.
HVAC and home insurance
A homeowners policy may cover your HVAC in two ways: either through the dwelling coverage or the personal property coverage on your policy. Dwelling coverage may help pay to repair or replace a built-in unit since it's considered part of the home's structure.
An HVAC replacement cost is $7,500 on average. This range could be as low as $5,000 or as high as $12,500, depending on the type and size of your unit, the brand, and labor costs. Your overall cost for a new HVAC unit could reach $22,000 if you add new ductwork and additional features like a HEPA filtration system.
The $5,000 rule is a rule of thumb in the HVAC industry to help homeowners decide whether HVAC repair or HVAC replacement makes more sense in the long run. The $5,000 rule: Multiply the age of your equipment by the estimated repair cost. If the number is more than $5,000, then you should consider replacing your unit.
The best time to purchase an air conditioner is the fall or spring. HVAC installers in your area will be busy during the summer and winter months when outdoor temperatures are the most extreme.
You may get a good deal by negotiating down to the last nickel, but if you erode the goodwill with your contractor if anything comes up in future they aren't going to be too excited about helping you with it, and in fact, they might be looking for a way to stick it to you later.. Get a good deal, but also be fair.