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5 Benefits of Financing Your New HVAC System

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On April 12, 2023, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index had risen by 5% during the previous 12 months. Government officials use this index to track price changes across several categories, including food, energy, medical care, and transportation services. Although prices increased by 5% overall, the cost of energy services increased by 9.2% between April 2022 and March 2023, making now a great time to install an energy-efficient HVAC system.

Unfortunately, many people put off necessary HVAC upgrades because they don’t have the funds to pay for a new system. If this applies to your situation, financing is an affordable alternative. Cooper Heating and Cooling has highly trained technicians available to assess your needs and recommend the best HVAC system for your home. Keep reading to learn more about 5 benefits of financing your new HVAC system.

Looking to upgrade your HVAC system? Call Cooper!

If you’re concerned about the cost, financing might be your solution! Cooper Heating and Cooling offers flexible financing options to help you get the new HVAC system you need without breaking the bank. Contact us today to learn more about how financing can benefit you and your home comfort!

1. Lower Upfront Cost

When you finance a new HVAC system, you don’t have to worry about coming up with thousands of dollars all at once. Depending on which financing option you choose, you may be able to get your HVAC system installed without even making a down payment. In other words, financing gives you unmatched flexibility, allowing you to address your heating and cooling needs without getting a second job or overhauling your budget.

Cooper Heating and Cooling has been in business for more than 40 years, so we have the knowledge and expertise to help you select an HVAC system that fits your budget and helps you reduce your energy usage.

2. Get a New HVAC System When You Need It

Over time, your HVAC system becomes less efficient, forcing it to work harder to heat and cool your home. This reduces energy efficiency, drives up utility bills, and may even put your safety at risk. Reduced efficiency isn’t your only concern, as an older HVAC system can stop working when you need it most. Imagine what would happen if it went out during one of Denver’s famed winter storms. Without financing, you’d have to shiver through those cold nights, increasing the risk of frozen pipes and other problems.

Financing allows you to get a new HVAC system exactly when you need it. You don’t have to wait until you have enough money to buy the system and have it installed, eliminating the need to put up with uncomfortable indoor temperatures and high utility bills.

3. Flexibility to Choose the Right HVAC System

When you have limited money available, you can’t always get what you want. Instead of getting an energy-efficient system with all the bells and whistles, you may have to get a budget-friendly model with basic features. Financing eliminates the need to compromise on an HVAC system, allowing you to get what’s best for your home and not just what fits your budget.

Additionally, buying a more expensive model now may help you save money in the long run. Energy​.gov estimates that installing heating and cooling equipment with the ENERGY STAR label yields annual savings of 10% to 30%. If electricity currently costs you $3,000 per year, that’s anywhere from $300 to $900 annually. Multiplying that by 15 years means a total savings of $4,500 to $13,500.

4. Customized Monthly Payment Plans

When you finance an HVAC system, you can choose a monthly payment plan that suits your needs. If you don’t have much wiggle room in your budget, you may even be able to stretch the loan across the expected life of the system, giving you 10 or 20 years to repay the loan. At Cooper Heating and Cooling, we’re proud to offer multiple financing options with no early payment penalties, giving you the flexibility you need to get exactly the right HVAC system for your home.

If you choose an energy-efficient HVAC system, your lower utility bills may compensate for your monthly loan payment. For example, if you have a payment of $75 and save $75 per month on your utility bills, you’ll break even, making the cost of a new HVAC system even more manageable. Even if you don’t break even, lower utility bills can make up most of your monthly payment.

5. Zero-Percent Interest Options

Long-term loans are ideal if you’re short on cash and need to finance the entire cost of your new HVAC system. But what about if you have most of the funds available and just need a little extra help paying for a new system? In that case, you may qualify for zero-percent financing. Short-term loans allow you to make payments over 12 to 36 months without paying any interest, so you pay the same amount as you would if you paid for the whole system upfront.

Do you need a new HVAC system to reduce your utility bills or make your home more comfortable?

Cooper Heating and Cooling can help. When you hire us, you can rest easy knowing you’re getting educated advice from trusted experts. Give the Cooper Green Team a call and we’ll answer all your questions about financing and the best HVAC systems on the market. Call us at (720) 605‑7270 or schedule service online.

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Luke Cooper