Doing your research before choosing a new air conditioning unit can help you stay within budget and even maximize your return on investment. In addition to researching the features that can help you maximize your ROI, you should also learn the different factors that can affect the cost of an AC replacement.
To help you get started, here’s an overview:
Basic Costs of an AC Replacement
- The air conditioning unit – Air conditioners with high energy efficiency usually cost more than a conventional one, but they’re well worth the investment. Cooling costs comprise a significant chunk of a households’ electricity bills, so installing an energy-efficient AC can save you a lot of money in electricity costs in the long run.
- Labor costs – Labor costs vary depending on the skill and expertise of the contractor. It might be tempting to hire the contractor offering the lowest bid, but you shouldn’t base your decision on price alone. You also need to take into account whether the HVAC contractor is qualified to handle a new AC or new heating system installation. If you’re looking for a contractor, here’s a vetting tip: The number of years a contractor has been working in the industry should give you a good idea of their level of expertise.
- Permit application costs – Depending on your area, your contractor might need to apply for a permit from the state building department.
Even with careful planning and meticulous budget planning, you can never really rule out unexpected costs. The majority of these costs are usually beyond the control of you and your contractor.
Some of these costs are:
- Electrical upgrades – These upgrades may be needed to ensure enough power is supplied to your AC unit.
- Ductwork repairs – Your HVAC ductwork is easily damaged, which is why repairs may be needed.
Are you looking for HVAC contractors near you? R.A. Biel Plumbing and Heating, a company with over three decades of experience, offers professional HVAC installation and plumbing repair services. To get a free estimate on new installations, call us at (505) 672-7888 or (970) 884-3358. Alternatively, you can fill out this form.