Are there benefits to financing an air conditioning system?
When it comes time to install a new heating and/or cooling system, many homeowners are caught off guard. It can be a big financial burden in some cases and a financial impossibility in others, especially since most people have not budgeted for an HVAC replacement.
Financing options help bridge the gap between equipment costs and available cash, which makes the purchase process less traumatic and nerve-racking.
Perhaps most importantly, the energy savings that result from replacing old, obsolete equipment can pay for a substantial portion of the cost of financing. In fact, replacing a 10 SEER air conditioning unit installed in the mid 2000s with an 18 SEER model can save up to 48 percent in annual cooling utility costs.
The good news is that financing is an option for many if not most homeowners.
What Are The Benefits Of Financing?
2. A PAYMENT PLAN TAILORED TO YOUR BUDGET
AIR4U has helped many customers ease the financial burden of a new air conditioner, furnace, or heat pump through financing. There are numerous options available depending on your credit. You can choose the option that makes sense for your budget, and that can include no penalties for early repayment. This way, you will not have to worry about having the money right away and you can focus on paying it off a little at a time. Monthly payments can also help you organize your budget.
3. EXTENDED TERMS ARE AVAILABLE
Some of our customers need to keep their monthly costs as low as possible. Long-term loans are an option. If a unit has a life expectancy of decades, then you may be able to take out a loan across that entire period. That lets you approach it like a car payment rather than a big up-front expenditure.
4. START SAVING ON ENERGY BILLS NOW
When you finance your heating and cooling system you can start saving money. If you have an old, outdated HVAC system, it is probably costing you money by running inefficiently. With a new, financed system, you can start saving on your monthly energy bills right away.
5. FEEL THE HEALTH BENEFITS SOONER
With a new HVAC system, you won’t just get lower energy bills; you may also experience better health. An old system could be reducing the quality of your indoor air, leading to dry itchy skin, allergic reactions, or worsened asthma. By financing your new heating and cooling system you can start enjoying the benefits of healthier air sooner.
6. INCREASE YOUR HOME’s VALUE
A new HVAC system will significantly improve the value of your home, which is important if you are hoping to put it on the market, rent it out, or seek a home equity loan. With financing you can make that improvement now and get the benefit of a greater home value.
7. TAKE ADVANTAGE OF GOVERNMENT LOANS AND REBATES, TOO
Having several lines of credit open can help improve your credit score and your overall financial situation (if the credit-to-debt ratio is relatively low). By financing your HVAC installation, you will be able to add to your open credit in addition to having that credit available for future purchases.
8. LINE OF CREDIT
You may have loan options through the state or local government. If that loan does not cover the whole purchase, private financing for the remainder may still be an option. Additionally, financing does not preclude you from rebates, tax credits and so on.
Getting a new HVAC system in your home has so many benefits from comfort and health to saving money on energy bills. We do not think you should be prevented from getting these benefits just because you don’t have the savings to pay for a new system all at once. We can help you get the financing that will get a new system into your home today.
Our financing partners makes it convenient for virtually any homeowner to apply for special financing. It will not take long for your application to go through and you’ll be able to make your HVAC purchase quickly and with competitive interest rates.