When facing expensive repairs, it’s not uncommon to wonder whether or not it’s worth investing the money in your current A/C unit or in a new unit, especially if you have an older air conditioner.
Today’s A/C units are far more efficient than they used to be, so more often than not, it’s a good idea to replace your old one if you have the money. Depending on the model and SEER (Seasonal Energy Efficiency Ratio), you could save 35% to 65% off your power bill, which means you can earn your money back in as soon as just a couple of years. However, if you’re planning on moving soon, then it may make more financial sense to repair your unit instead. While a new A/C system can increase the value of your home, it won’t increase it by the full cost of the unit.
We recommend replacing if your unit:
- Is 12 years or older and needs more than $500 worth of repairs
- Is 16 years old or older
- Needs more than $2,500 worth of repairs
- Has a SEER of 8 or less and you plan on living in your home for a while
We recommend repairing your unit if:
- Your unit is less than 5 years old as long as it doesn’t need more than $2,500 in repairs
- You plan to move within the next couple of years
- Your unit already has a SEER of at least 13