3 Ways to Save When Purchasing a Heating and Air Conditioning System

A heating and air system is one of the most important investments you’ll make for your home. Most heating and air systems last for decades, but circumstances may arise where an old system needs to be replaced or upgrading to a new, energy-efficient system is more economical.

When replacing a heating and air system, you will want to find a system that keeps your home comfortable for a price you can afford. Fortunately, you may be able to save thousands on your purchase by taking advantage of the following options.

  1. Rebates and Tax Credits

Rebates are one of the easiest ways to save when purchasing a heating and air system. When searching for your new system, contact the manufacturer or check their website for rebates. Manufacturers may offer hundreds of dollars in rebates and often increase the savings at peak times throughout the year. You may even be eligible for multiple rebates if you purchase multiple units.

You may also be eligible for savings through your local government or utility company. Many municipalities and utility companies offer rebates on the purchase of energy-efficient systems. For example, the City of Tallahassee offers up to $750 toward the purchase of a new system and provides the savings through a credit on the customer’s monthly bill.

Tax credits are another way to save, but only on system replacements, not on new construction. If you replace your current system with an ENERGY STAR-qualifying heating and air system, save your receipt and file an IRS form 5695; you could be eligible for as much as $300 in tax credits.

  1. Low- or No-Interest Financing

If you’re unable to pay for your new heating and air conditioning system up front with cash, ask your dealer about financing options. Many dealers and manufacturers have special rates and terms when you sign up for their financing – you may even find extended terms (such as 0% APR for 72 months instead of 36 months) around their peak seasons. You could save thousands of dollars in interest by choosing manufacturer or dealer financing over a conventional credit card.

It may also be worth checking with your local utility company for financing options. Many utility companies offer low-interest financing on energy-efficient appliances and home improvement purchases. This is a much better alternative than purchasing a new system on your credit card, where the interest rate could be four to five times as much.

If you have a colorful credit history, you could look into a leasing program. These programs allow you to lease a new air conditioning system and make payments in installments over several months. For example, Microf offers a rent-to-own program based on 36, 48 and 60 month terms. This could be a great option for those who don’t receive approval for conventional financing.

  1. Service Agreements

Your dealer may offer a service plan that extends savings to the purchase of a new system. You may also receive extra perks such as discounts on repairs and no overtime charges. While this requires an annual or monthly payment, the savings on a new system and other perks may extend far beyond the cost of the service plan.

Barineau Heating and Air wants to ensure that our customers find the perfect system for their home and lifestyle. We offer 0% APR Financing for up to 36 months and include information on rebates through Carrier, the City of Tallahassee and Duke Energy on our Rebates page. We also offer $250 off of the purchase of a new system and other great perks when you sign up for the Total Comfort Service Program.

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