HVAC Replacement Rule:
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The $5000 rule is a guideline used to determine whether to repair or replace an HVAC system. If the product of your system's age (in years) and the repair cost (in dollars) exceeds $5000, replacement is typically recommended.
The calculator uses the simple formula:
Where:
Explanation: This rule accounts for both the diminishing returns of repairing older systems and the increasing likelihood of future repairs.
Details: This calculation helps homeowners make cost-effective decisions about HVAC maintenance versus replacement, considering both immediate costs and long-term value.
Tips: Enter your HVAC system's age in years and the estimated repair cost in dollars. The calculator will compare the product to the $5000 threshold.
Q1: Is the $5000 rule always accurate?
A: It's a guideline, not an absolute rule. Other factors like system efficiency, expected lifespan, and frequency of repairs should also be considered.
Q2: What's the average lifespan of an HVAC system?
A: Typically 15-20 years, but this varies by system type, maintenance, and climate.
Q3: Should I always replace if the product exceeds $5000?
A: Not necessarily. If your system is well-maintained and the repair is minor, you might choose to repair regardless.
Q4: Does this account for energy efficiency improvements?
A: No. Newer systems are often more efficient, which could provide additional savings not reflected in this calculation.
Q5: How accurate should my repair estimate be?
A: For best results, get an actual estimate from a qualified HVAC technician rather than guessing.