Should I get Furnace maintenance-repair program/ insurance or should I upgrade to a new high efficiency furnace, Toronto, GTA, Ontario.
Should I get Furnace maintenance-repair program ?
Conception of many homeowners that if furnace works there is no need to upgrade it to new energy efficient Furnace until it breaks. Close to 40% of homeowners in Toronto, GTA, Ontario chose to buy some sort of maintenance-repair programs or insurances for home equipment such as furnace, air conditioner or hot water heater. Maintenance and repair programs help homeowners to have peace of mind and to know that equipment repairs would be covered. What many homeowners do no realize the extent to which these programs or insurances cover the equipment. In this article we will review pros and cons of having maintenance-repair programs on your furnace and when is it best to upgrade to a new high efficiency furnace.
Let’s go through some information about maintenance/ repair programs. Average fee for furnace maintenance/ repair program is anywhere between $9.99 to $29.99 per month, based on the coverage and retailer. Most furnace maintenance/ repair programs cover diagnosis of the equipment and repair of the specific part averaging max $500-$1,000 based on the coverage.
Most common parts covered under these maintenance/ repair programs include: gas burner, gas control valves, relay switch, power burner motor, pilot burner, fan motor, thermocouple, venter motor assembly and few other parts. Normally furnace maintenance/ repair program doesn’t include heat exchanger, heating coil and furnace filters.
Typical lifespan of furnace is 15 years based on the annual maintenance and tuning up. Most mid efficiency furnaces lose about 1%-2% of its efficiency annually through the course of its lifespan and that’s one of the main reason homeowners should consider furnace upgrade. Many manufactories offer up to 10 years warranties on furnace parts. So, if your furnace is under 10 years of age and even if it still has some sort of manufactory warranty it is a good idea to get maintenance/ repairs plan since labor is something you still have to pay for when repairing the furnace. Also annual maintenance increases the lifespan and efficiency of the furnace. If your furnace is over 10 years of age, you should consider upgrading it to a high efficiency.
Most of the new high efficiency furnaces now come with 10 years parts and labour extended warranties which can be purchased for as low as $150 and cost of the furnace can be as low as $1,900 based on the efficiency and size. So, instead of paying $9.99-$29.99 per month on the repairs and maintenance plan you can purchase the equipment and be covered or even split your cost into monthly payments under rental or financing programs.
High efficiency furnace can save you up to 45% on your energy bills .
DeMark Home Ontario Inc. offers rental programs, which include full warranty coverage for as low as $39.99 per month or financing options where you can own the equipment and enjoy the easy way of monthly payments. Not only you will have new high efficiency furnace installed without any upfront costs, you will also enjoy the comfort of full warranty coverage and savings of your energy bills up to 45%. Your furnace or air conditioner should not cost you a fortune and the bill should not be your nightmare, simply call us today and one of our friendly staff will be happy to guide you through different payment options available to you.
For a free consultation, estimate or to book your maintenance call please contact us 1-855-998-2998