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Fix the old one or buy a new one???  email this discussion to a friend?

myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal 4 years ago

Well, our heat pump is shot, and we're looking at major bucks to fix/replace it. Since the unit is pretty old they may not be able to find a campatable peice and we may end up replacing the whole thing. IF they can find the compatable peice, it's going to be around $3,000. If they can't, it'll be around $6,000. Personally, I'd rather just get it replaced with an energy efficient unit instead of trying to find the old one. Yeah, we're going to pay more today for it, but it'll knock the electric bill down if we get the new one. It'll probably pay for itself in a couple years.

Which would you do? Save the money on the unit, buy a replacement and have higher electric bills. Or buy the newer, energy efficient unit, pay a lot more now, but have lower electric bills forever?

 

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tags:  appliance, buy, buy new, fix, furnace
 
1. myLot reputation of 98/100. thebeaddoodler (2880)   ranked 112 out of 467 in be frugal   4 years ago

If it was at all possible to come up the the $6,000 I'd say you'd be ahead to go that route. Not only will it reduce your energy bill, but if you fix the old one how long before you have to fix something else on it that will cost another $3,000. Since these appliances aren't made to last forever I've found that replacing them is cheaper than patching the old one together.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

The guy's going to come over and talk to us about our options on Saturday. He did find a unit that will work, but I don't know if it's energy efficient, and that's one thing I really want...

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2. myLot reputation of 93/100. Transdisc (18434)   4 years ago

I would shop around for a better price, reinydawn. I know that that price is fairly standard, but it's also too much. You can buy a heat pump direct, yourself, and then pay someone to install it for an hourly wage and save yourself at least $3,000.00 for a brand new high efficient unit. In fact, you would save more.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

Actually, that's a pretty good deal. I had to replace one in a house I lived in before. It was a friend that told me where to buy it and he'd install it - basically for free. I paid about $2,500 for the outside unit only, he went and picked it up and put it in.

If we have to replace both peices - the inside and the outside - it will be around $6,000 (purchase and install). I know another guy that does HVAC and he's more expensive and can't fit us in right now. I might save about $500 on the unit, but I know this guy we have now is not charging us full price for labor. So it about evens out.


myLot reputation of 93/100. Transdisc (18434)  4 years ago

I only mentioned it because I have several rental houses and I've installed the central heat and air in each of them and I've never had to pay a lot if I bought every thing myself and installed what I could then hired a professional to hook it up.

In fact, at the beginning of this year, I bought two complete split units -- a 6 ton and a 4.5 ton -- plus all of the ductwork for less than what you've been quoted for one outside unit. I installed it all myself then hired a pro to hook them up for around $100.00.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

I know when I looked around a few years ago for the one I needed, I got a pretty good deal with what my friend told me to get. Then he installed it - for almost nothing. That wasn't much less than what we're going to be spending now. I figured with inflation it sounds about right. This guy has known my husband for like 15 years or so and has been doing a lot of the work for a very good price. He's not charging us his normal labor rates and he's only charging us replacement cost on the unit. I don't know that I could get it much cheaper anywhere else. One of our clients is an HVAC guy and he was going to charge about $1,000 more. We'll find out for sure what's going on tomorrow, he's supposed to come over and go over it all with us.

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3. myLot reputation of 97/100. tyc415 (4490)   ranked 52 out of 467 in be frugal   4 years ago

Since my son is in the heating and air conditioning work I would for sure get the new unit. Not only will the bills be lower but the warranty will be better and last longer on the new one than on a replacement and or repair.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

That's what I'd like to do, but it's gonna be tough coming up with the money. I'm sure we can squeeze it outta somewhere for a while. I know it'll definitely be worth it to get the energy efficient units.

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4. myLot reputation of 99/100. Opal26 (14496)   ranked 99 out of 467 in be frugal   4 years ago

Well reiny, I just got finished answering your other discussion
about this topic. It's a tough call! If you want the quick
and cheaper fix for now you know the answer. You might not
even have a choice if they can't find the compatable piece.
So it probably would be best to get the energy efficient one
to knock the electric bill down. As long as you know that you
will be staying in the house and you know the electricity bills
are not going to be getting lower and probably going to get
higher in the future then the best bet is for energy efficiency.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

Well, the guy did tell us that he found a compatable unit. He's going to come over Saturday and let us know what our options are.

We're not moving again, that's for sure! Last winter, our highest bill was over $700 (for one month). It normally ran around $500 or so, and it's starting to creep up there again. This house is so not set up right for heating/Air conditioning...

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5. myLot reputation of 88/100. hildas (2124)   ranked 91 out of 467 in be frugal   4 years ago

O my. Thats a shock. Surely this can be fixed. Even ifs it is old. Get a second opinion on this. Goodness that is awful. Your luck is like mine luck. Bad. I hope you get this problem solved soon. Buy a cheap electric heater in the mean time, but get that second opinion, or even a third.


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

My husband has known this guy for like 15 years so we trust him completely. I also talked to a couple people I know and they seem to think it might be the same thing - just from the sounds of what's happening. The outside unit has already been "fixed" once and it's beyond repair at this time. They did find a compatable unit, but he's going to come talk to us Saturday before we make a decision.

We do have baseboard heat as a backup, so we're using that now (it's been below freezing at night lately). That really just sucks up a lot of electricity though...


myLot reputation of 88/100. hildas (2124)   ranked 91 out of 467 in be frugal  4 years ago

That is good that you know this friend, I was worried that it might be a rip off as it sounded expensive to me. If it is the whole system though it must be the cost he says. Sorry you have this expensive right now. I hope my heating system lasts for now. Take care and stay warm.

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6. myLot reputation of 99/100. teapotmommommerced (5730)   ranked 42 out of 467 in be frugal   4 years ago

I would go new now because if you fix it what else will go wrong with it down the road?


myLot reputation of 99/100. reinydawn (4411)   ranked 3 out of 467 in be frugal  4 years ago

Yup, that's what we're doing - today as a matter of fact! They're installing a new unit outside (which is the one that's broken) and a new unit inside (to be compatable with the outside and is energy efficient). I can't wait to get home tonight and have "real" heat!


myLot reputation of 99/100. teapotmommommerced (5730)   ranked 42 out of 467 in be frugal  4 years ago

Good luck to your nice toasty home.

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