Investing money in upgrading a furnace can have a massive impact on a family‘s financial future in colder climates like Illinois. Some experts say it is time to start thinking of your furnace like a savings account or bank CD.
Palatine, IL -- (SBWIRE) -- 10/09/2012 -- In this day and age of under performing savings account interest rates and stock market uncertainty, some Illinois families have found an unlikely investment with a guaranteed rate of return. They have not found this investment at a bank or stockbroker, but rather with their local HVAC contractor.
It pretty much goes without saying it but Illinois winters can be very cold so in places like Arlington Heights heating a home can be a very expensive task. In nearby Schaumburg heating an average size house can cost thousands of dollars per year. So it is no surprise that cash strapped families are looking for ways to save money and looking for a safe place to invest their hard earned money.
When it came time to replace the Davis family of Buffalo Grove heating system, the family learned that a $2400 furnace that is 92% efficient would reduce their gas bill by $600 per year or 25% return on investment. Since the Davis family has no plans on moving, the new furnace will save them over $12000 during its expected 20 year lifespan. Since the Davis’ old furnace was old and needed repairs almost every year, and the fact that the average heating and cooling repair costs over $300, the fact that the new furnace came with a 10 year parts and labor warranty was a nice bonus! They wont have to pay a cent to repair the furnace since the warranty covers everything except for cleanings or maintenance visits.
Bucks Furnace & Air of Palatine Illinois, an American Standard Dealer, recommends that before replacing a furnace, a qualified contractor should perform an operating cost analyses on a computer using actual utility rates and local area weather conditions. Ben Martorano of Bucks Furnace & Air has said in his 20 year HVAC career he has personally seen customers save as much as $1200 annually just by installing a new furnace.
About Bucks Furnace & Air
Bucks Furnace & Air of Palatine Illinois is an American Standard Dealer and has been serving customers in the Chicago area since 1997.