Financing Options for an Unexpected HVAC Cost

 In Savings and Financing, System Repair

It’s happened to the best of us – an unexpected repair or replacement bill hits your budget at the wrong time. If you aren’t made of money, there are several financing options available to cover the bill for an HVAC cost you weren’t expecting.  

What to Expect From Unexpected HVAC Costs: 

The average cost of a new AC unit* is around $7,500 to $10,000, depending on unit size and features.  

To contrast a new unit with the cost of repairing an old one, here are the averages to consider*:   

  • Minor Repairs (for issues such as capacitor replacement, contractors, stats, zone dampers, etc.): $225 to $650.   
  • Moderate Repairs (for multiple small repairs, motors, etc.): $650 to $2,000.   
  • Major Repairs (for motors, coils, compressors, etc.): $2,000 to $3,500 or more.  

*Remember, these are just average numbers and may not be accurate for your home or specific HVAC needs. To find out what a new AC unit or repairs will cost, reach out to a trusted local company for an estimate.   

Read Blog: What Does a New AC Unit Cost? Repairing vs. Replacing Your HVAC 

Financing Options 

If you’re not sure how to cover an unexpected HVAC cost, you’re not alone – and you have options. A few of the most common approaches to financing include: 


Personal loans from banks or online lenders can provide quick access to funds to cover HVAC repair or replacement costs. These loans typically have fixed interest rates and terms ranging from a few months to several years.   

If you have equity in your home, you can consider using a home equity loan or line of credit (also known as a HELOC) to finance HVAC expenses. These loans often have lower interest rates than personal loans or credit cards. 

Emergency Savings:

It is a good idea for homeowners to have an emergency savings fund set aside to cover unexpected expenses, including HVAC repairs or replacements. If you don’t already have an emergency fund, consider setting aside a portion of your monthly budget to build one up over time. 

Payment Plans:

Many HVAC companies offer flexible payment plans or financing options to help spread out the cost of HVAC repairs or replacements over time. These plans may include low or no-interest financing for qualified customers.   

Promotions and Rebates:

Some HVAC manufacturers offer rebates or incentives for purchasing energy-efficient systems. Additionally, utility companies may offer rebates or discounts for upgrading to energy-efficient HVAC equipment. These rebates can help offset the upfront cost of HVAC repairs or replacements.  

Home Warranty Coverage:

 If you have a home warranty, some HVAC repairs or replacements may be covered under the warranty agreement. Be sure to review your policy coverage and contact your warranty provider to inquire about coverage for HVAC-related issues. 

Additional Discounts:

You may be able to find additional discounts to lower your bill such as manufacturer or contractor coupons. Barineau Heating and Air Conditioning offers discounts for customers taking advantage of the Total Comfort Service Program. For only $20 more than the cost of one tune-up, the Blue plan includes one annual tune-up, a 28-point inspection*, priority service, exclusive discounts ($250 off a new system) and more.   

Financing Options FAQ 

Can I use credit cards to cover HVAC expenses? Yes, credit cards can be used to cover HVAC expenses, providing immediate financing. However, be mindful of high-interest rates, and try to pay off the balance as quickly as possible to avoid accumulating interest charges. 

What should I consider when comparing financing options for HVAC costs? When comparing financing options, consider factors such as interest rates, terms, fees, repayment options and any incentives or discounts offered. It’s essential to choose an option that fits your budget and financial goals. 

How do I know it’s time to replace my HVAC? If your air conditioner is making funny noises, costing you money in regular repairs or is at least 10 years old, it may be time to think about purchasing a new system. Read more in this blog. 

Explore Financing Options  

Don’t stress over an unexpected HVAC bill – our team is here to help! From discounts and rebates to payment plans, Barineau Heating and Air Conditioning can help find the financing option that fits your budget. Call 850.580.4029 to speak with a team member today or leave a message online with one of our agents.   

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