Deciding Between Heat Pump Repair and Replacement

If you’ve installed a heat pump in your Solon, OH home, it represents a significant investment in your comfort. So, deciding what to do when your heat pump malfunctions isn’t always easy. A repair, while expedient, may not be worth its cost. However, a replacement might be overkill. Here’s how you can choose between the two to spend your money wisely.

Consider Your Heat Pump’s Age

As you weigh your options, your existing heat pump’s age is the first factor to consider. A replacement is likely your best option if your system is 15 or older. An older heat pump is going to experience more reliability issues in the near term. That means additional repairs and your costs will continue to mount. The design of heat pumps has improved significantly in recent years, too, meaning a new model will likely be more efficient, quieter, and last longer.

Consider the Repair Cost

The next thing to evaluate is the cost of the repair your heat pump needs. Obviously, an inexpensive repair is likely worth it in almost every situation. But what if the needed repair will cost $1,500 or more? In that case, you’ll need a quote for a replacement system before making any final decision. Generally, any heat pump repair costing more than 50% of a replacement cost is likely not worth it. In that case, it’s unlikely that you’ll get enough additional use from your system to recoup that money. The math also changes a bit as your system ages. Once it reaches about 75% of its expected lifespan, the repair cost threshold drops to one-third of the replacement cost. For the average heat pump, that translates to any repair needed after 11.25 years of service.

Consider Subsidies and Tax Credits

Another thing to consider when deciding between heat pump repair and replacement is savings opportunities. For example, installing a new heat pump can unlock a variety of tax credits and subsidies that will reduce your costs. Repairs have no such inducements. In some cases, that can make the cost of installing a new system lower than your repair cost.

Right now, qualifying heat pump installations let you claim a tax credit worth up to 30% of the system’s cost, up to $2,000. Soon, an additional point-of-sale rebate program will begin, as well. Depending on your income, it will provide immediate discounts on heat pumps worth up to $8,000. Your local energy provider may also offer programs to defray the cost of a new heat pump. Our experts can work with you to see which programs you qualify for. There are programs right here in Ohio that are state-based incentives to install energy-efficient equipment, but there are federal rebates and credits as well.

Think About Your Future Plans

Finally, you should take a moment to consider your future plans. For example, are you considering a move shortly? If so, you’re unlikely to get enough use from a new heat pump to justify its cost. New HVAC systems, while attractive to potential buyers, won’t add enough to your home price to pay you back. A new heat pump makes the most sense if you’re planning to stay in your home for at least five years. At that point, it will have justified its cost while remaining an attractive asset to potential buyers. Plus, your system should still be in sufficiently good shape that a buyer won’t request an allowance for a replacement.

Affordable Heat Pump Repairs and Replacements

Whether you ultimately choose a heat pump repair or replacement for your Solon home, KW Lang Mechanical can help. We’ve served local homes and businesses since 1927. We’re a full-service HVAC company offering installation, repair, and maintenance services. We also provide indoor air quality and green technology services. All our HVAC technicians are highly trained and drug-tested. We can offer financing options on approved credit on all new system installations.

We’re also Better Business Bureau accredited with an A+ rating. Plus, we have an impressive number of positive testimonials from customers just like you! So, for the finest heat pump services in Solon, contact KW Lang Mechanical first!