The old HVAC system you have in your place of business has served you well for a long time, but one day, it stops functioning and leaves you with one big decision to make: should you opt for repair or replacement? In this situation, most business owners do lean more toward repairs and not full-on replacement, even if their system is rather old, in an effort to save money. However, there are some situations when replacement is more logical, and there are definitely times when a replacement will be a more cost-conscious thing to do when looking at the bigger picture.
Replacement Can Mean Saved Money on Ongoing Repairs and Maintenance
How often have you had to have your old HVAC system serviced in the last few years? How much have you had to spend on new parts or replacements? These are important things to consider. If you've been spending a lot, a new system can mean avoiding those ongoing costs, as the continued problems will probably get worse as the system gets even older. Even though replacement may mean higher up-front costs, your savings can really add up to more than cover that extra expense.
Replacement Can Fetch You Tax Savings at the End of the Year
Did you know that the IRS may offer a tax credit if you replace an outdated HVAC system with a newer, energy-efficient model? The federal government created tax incentives and credits for both residential and business customers who install an Energy Star approved system. For commercial properties, Energy Star states that you could receive a tax credit of up to $1.80 per square foot of your building, which could be a substantial amount of money saved on business taxes. Therefore, having a new system installed can come along with potential tax savings that will help cover those initial investment costs.
Replacement Can Mean Improved Air Quality in the Building
Your old system may do okay at keeping the building warm or cool, but outdated systems can also contribute to lower air quality in the building. Some systems do a poor job of keeping humidity levels down, which can contribute to issues with mold spores in the air and mildew growth in the builing. If you have a deep interest in keeping your business environment safe and healthy for employees and customers, it is definitely worth it to go for a new HVAC setup.
For more information, talk to a local contractor who offers commercial hvac services.