The benefits of buying a new furnace include low utility bills due to reduced need for repairs, increased house value, and a quieter and safer furnace. Buying a new furnace provides a new warranty to the user and raises eligibility for manufacturer rebates and tax credits.
Buying a new furnace avoids the continuous repairs and service costs often paid to maintain an old furnace. Although installation costs come with installing a new furnace, future costs for repairs are reduced. Furnaces that are near or past their expected life span are not reliable due to constant breakdown. Buying a new furnace is efficient and convenient, since it guarantees reliability in the future. New furnaces reduce monthly utility bills since they are fitted with energy conservation features that are not present in old models.
A new furnace has a power-efficient system that is quieter and safer to use. This is due to newer elements in the device that cannot break down due to age or wear and tear. After buying a new furnace, the user receives a warranty on the furnace's safety and repair. The warranty, which can be sometimes renewed after its expiration, saves the cost of future repairs that are now handled by the manufacturer. A new furnace improves the value of the house in case of selling or leasing. It also provides an opportunity to claim energy efficiency incentives such as tax credits and manufacturer's rebates.