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How Much Does the Beast in the Basement Cost You?


In 1992, the federal minimum-efficiency standards for furnaces and chances are that its efficiency was only 55% to 65% when new. It's no longer new. Today, its efficiency is less than when it was new, due to performance degradation over time. If you have not been diligent about annual service, the performance degradation could be more.The Beast is a hungry beast. Find out how much it's eating out of your household budget and compare the savings from a furnace or boiler. All you need is a calculator, old utility bills, and this worksheet. If you do not have the utility bills, make your best estimate.

1. Determine Your Annual Fuel Costs

The first step is to identify how much you spend on gas or fuel oil annually.

Add up 12 months of gas/oil bills - OR - Estimate your average monthly gas/oil cost and multiply by 12

2. Determine Your Base Load Fuel Usage

Your furnace or boiler does not use all of your fuel. Some is used for hot water, cooking, and other tasks. This is the "base load" and can be determined from your lowest bill, which is typically a Summer bill when your heating system was not operating.

Find or estimate your lowest monthly fuel bill and multiply by 12:

3. Calculate Your Heating Costs

By subtracting the base load from the total fuel costs, you can identify how much you spend on heating each year.

Subtract the base load from the total fuel costs:

4. Estimate the Impact of Rising Fuel Prices (Optional)

Fuel prices are not static. Gas prices are expected to rise this year, possibly dramatically. You must take rising prices into account.

Estimate the percentage increase in gas or fuel oil:

Multiply the heating costs by (1 + % fuel increase):

5. Estimate the Efficiency of Your Furnace or Boiler

Remember, your heating system is not the same efficiency it was when it was new. You should account for the performance degradation.

Use the table below to estimate efficiency if unknown…

Efficiency Table
Date of Manufacture Efficiency
Before 1992 55% - 65%
On or After 1992 78% - 80%

Enter the efficiency of the furnace or boiler when new:

Use the table below to select the degradation factor (optional)…

Estimated Degradation Table (Optional)
 
Condition
Furnace Age
Good
Poor
6 to 10 Years
0.93
0.92
11 to 15 Years
0.91
0.88
16 to 20 Years
0.88
0.83
21 to 25 Years
0.86
0.79
26 to 30 Years
0.84
0.76

Multiply the efficiency when new by the degradation factor:

6. Compare the Cost of Ownership with a New Heating System

To determine the fuel cost for a new furnace multiply the fuel cost by the current heating system's efficiency and divide this by the new system's efficiency (e.g., New Fuel Cost = Current Fuel Cost X Current Efficiency / New Efficiency)

New
  Current System   Mid-Efficiency (78% to 80%) Cost Savings     5 Year Savings
Efficiency   -     = X 5 =  
Heating Fuel Cost   -     = X 5 =  
+ Today's Repair   - $0.00   = X 5 =  
= Ownership Cost   -     = X 5 =  
New
  Current System   Mid-Efficiency (90% to 97%) Cost Savings     5 Year Savings
Efficiency   -     = X 5 =  
Heating Fuel Cost   -     = X 5 =  
+ Today's Repair   - $0.00   = X 5 =  
= Ownership Cost   -     = X 5 =  

Note: With today's financing, it is possible that your monthly savings will exceed your payments.

© 2003 Service Roundtable

 

Call AC & Heat Solutions for great AC repair service in Southlake TX

AMERICAN STANDARD DEALER

Have us repair your American Standard Air Conditioner near Southlake TX.

TESTIMONIALS

“It gives me great pleasure to write this letter of recommendation for AC and Heat" more
- Zig and Jean Ziglar

“They are punctual and clean up after themselves and are just nice people to do business with.” more
- Tom and Barbara - Hudnall Bedford, Texas

“Rob and Sean (technician) are always welcome in our home and we trust them completely.” more
- Tom & Cindy LaDuke - Grand Prairie, TX

“In the hot summer of 1998, our old air conditioning unit was not cooling our house and our electric bills had tripled in price. So, we called  AC & Heat Solutions.”

CERTIFICATIONS

Our technicians are NCI certified to perform Air Conditioning unit repair by Grapevine TX.
Have a company that's Builders Performance Incorporated perform your AC maintenance near Colleyville, TX.Our technicians are NATE certified to perform Cooling repair by Southlake TX.
 
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With regularly scheduled maintenance check-ups we also offer you peace of mind, ensuring your equipment operates safely and continues to keep your home the place to be all year round. AC & Heat Solutions employs only the best technicians for air conditioner repair and, furnace repair, heat pump repair, ductless mini-split repair, commercial appliance repair as well as all air conditioner replacement, furnace replacement, heat pump replacement and commercial refrigeration replacement in Wylie TX, Garland TX, Krum TX, Richardson TX, Allen TX, The Colony TX, Corinth TX, Sachse TX, Plano TX, Grapevine TX, Fort Worth TX, Dallas TX,  Decatur TX, Frisco TX, Mesquite TX, Denton TX, Azle TX, Arlington TX, Justin TX, McKinney TX, Carrollton TX, Keller TX, DeSoto TX, and Irving TX. A good heating and air conditioning repair or service company near you. Should something happen and your system stop working, AC & Heat Solutions is just a phone call away and can normally service your equipment within 24-72 hours of your call.

 

AC & Heat Solutions
2000 E Continental Blvd Ste. B
Southlake, Texas 76092

Phone: 817-421-4190
Email: service@acandheatsolutions.com
AC & Heat Solutions is an accredited BBB Business in Southlake TX.
Texas License Number: TACLB023486E
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Have us service your Lennox Air Conditioner in Keller TX.We install and repair Carrier Air Conditioning units in Colleyville, TX.We will repair your Amana Air Conditioner in Southlake TX.Have AC & Heat Solutions maintenance your Goodman Air Conditioning unit in Grapevine TX.We will service your Westinghouse Air Conditioner in Keller TX.AC & Heat Solutions services RUUD Air Conditioner units in Southlake TX.Have us repair your York Air Conditioning unit in Southlake TX.We maintain Bryant AC units in Southlake, TX.Have your Trace Air Conditioner in Grapevine TX with AC & Heat Solutions.Have us service or repair your Rheem Air Conditioner in Keller TX.Have us repair your American Standard Air Conditioning unit in Colleyville, TX.