Can Buying a New Furnace Save You Money?

When snow starts to fall in Ohio, there’s nothing quite like the warmth of a cozy home. But if your furnace is inefficient, that comforting warmth could come with a hefty price tag for Ohio, homeowners. 

It’s natural to wonder: can buying a new furnace actually save me money? The answer is, quite often, yes! CarrierOhio is here to explain why.

Furnace Upgrade Benefits for Ohioans

Upgrading your heating system could likely have some financial benefits over the long term. 

Newer models run smarter, consume less energy, and help you avoid the costly repairs of an aging system. Plus, they often come with rebates or tax credits that can sweeten the deal. 

Ready to cozy up to some serious savings? Let’s break down how a new furnace might keep your home—and your budget—a little warmer this winter.

1. New Furnace Has Improved Efficiency

Modern furnaces are more energy-efficient than older models. In the past couple of decades, furnace technology has advanced significantly, meaning today’s furnaces use less fuel (gas, oil, or electricity) to produce the same amount of heat. 

Older units often convert only 60-80% of the fuel they use into heat, while newer, high-efficiency models can convert 90-98%. This would be labeled as their annual fuel utilization efficiency (AFUE) ratio.

This increased efficiency means less wasted energy, which translates directly into lower heating bills for Ohio homeowners.

2. Lower Furnace Repair and Maintenance Costs

As furnaces age, they tend to break down more often. Parts wear out, components become less reliable, and you may find yourself frequently calling a CarrierOhio’s authorized dealer for repairs—each of which can cost hundreds of dollars. While the upfront cost of a new furnace may seem steep, the reduction in repair costs over the years can make it a worthwhile investment.

Additionally, older furnaces may require more frequent maintenance. Newer models often come with warranties and require less maintenance due to their improved design and newer parts. 

This can save you time and money, as well as prevent the inconvenience of a cold Ohio, home if your old furnace gives out.

3. Enhanced Furnace Features for Better Control

When a CarrierOhio’s authorized dealer installs your new furnace, you’ll have the option of upgrading to smart technology and better control options. For example, many modern units are compatible with programmable thermostats, allowing you to fine-tune your heating preferences to match your lifestyle. 

You can program your furnace to heat your home only when you’re there, which helps you avoid wasting energy on heating an empty home.

Zoned heating is another feature that can lead to savings. This allows you to heat specific areas of your home as needed rather than heating the entire house all the time. If you spend only time in certain rooms, this feature can cut down on your energy usage.

4. New Furnace Rebates and Incentives

Many Ohio utility companies and governments offer rebates for qualifying equipment upgrades. 

Federal tax credits may also be available for upgrading to energy-efficient heating systems. These incentives can significantly reduce the cost of purchasing and installing a new furnace, making it even more economical in the long run. 

5. New Furnace Increases Home Value

If you’re thinking about selling your Ohio home in the near future, a new, energy-efficient furnace can increase your home’s resale value. 

Potential buyers in Ohio, will appreciate that they won’t have to worry about replacing the furnace for years to come, and they’ll be attracted to the lower energy bills that go with it. In Ohio, competitive housing market, this can give your home a real edge over others.

Buying a New Furnace: Is It Worth It?

While buying a new furnace can seem like a large initial investment for Ohio homeowners, it can certainly save money in the long run. If your current furnace is unreliable or more than 15 years old, investing in a new, high-efficiency furnace could be one of the best decisions you can make for your wallet and your home’s comfort. 

Get in touch with a CarrierOhio’s authorized dealer today to discuss options—find a dealer located throughout Ohio.