Air Conditioning / January 7, 2014
Financing Your New Air Conditioner
Did you know that purchasing your new home air conditioning system using credit can actually be one of the most intelligent financing decisions you can make for you home? Think about it: your new dream kitchen or outdoor living space will add beauty or function to your home, but they will not pay you back while you are still in the home. On the other hand, upgrading from an older 10 SEER air conditioning system to a 25 SEER air conditioning system can save an average California home owner $4,410 over 15 years! In addition to the energy savings, your new air conditioning system will help keep you and your family more comfortable all summer long plus the new air conditioning system will add value to your home.
Why Finance?
Let’s consider this: a $10,000 loan paid back over 5 years at 5.25% APR would cost you $1,391.60 in interest over the life of the loan. The average savings which a home owner in California can expect over 5 years when upgrading from a 10 SEER system to a 25 SEER system is $1,470 – and that’s just in the first five years! Technically, the homeowner would end up effectively paying no interest and saving $78.40 over the first five years due to the massive energy savings in upgrading from an older or less efficient unit. After the first five years better than nullify the interest accrued by financing, the energy savings would continue to roll in for the life of the air conditioning unit from that point forward.
Want to see what numbers make sense for you and your family? The experts at Mauzy Heating, Air & Solar have solutions that can help you save money on your energy bills while upgrading your home the smart way. Every financing situation will be different, so make sure to get in touch with the Mauzy Team to find out the details for your air conditioning upgrade.
