The HVAC market is growing at a fast pace. In 2024, HVAC sales are projected to reach 151 million units.
If you already have an HVAC unit or are thinking about installing one, you know that there are more costs involved in maintaining an HVAC unit.
Those costs get offset by energy savings, especially if you invest in an energy-efficient unit. You still need to know how much to budget for HVAC service costs.
How much does an HVAC service cost? Read on to find out.
HVAC Service Cost Factors
Let’s start with the factors that dictate the cost. First off is your location. Places with a higher cost of living, such as a major city, will have higher HVAC service costs.
The expertise of the HVAC company is another cost factor. Expect to pay more for a company that brings years of experience to the table.
A company just starting out might undercut the competition to get customers at first. You’ll have to proceed with caution if you want to hire the company just because they have the lowest price.
The other factor is the type of HVAC service. HVAC companies offer a broad range of services from repair to replacement.
Your HVAC unit is another part of the cost equation. Some HVAC units require more work to repair, or they cost more to install.
Types of HVAC Services
If you’re getting a unit installed or replaced, this is the most expensive HVAC service. You’re paying for the unit itself and the installation.
This usually costs between $5,000 and $12,000. You can cut down on the costs to install the unit by getting one that is the right size for your home.
HVAC Service Cost has a handy guide to show you the size you need for your home.
Another type of service is a maintenance plan. These cost anywhere between $200 to $500 a year.
What you get with these service contracts is peace of mind. The service provider will come out to your place for emergency repairs, routine maintenance, and regular inspections.
Regular maintenance keeps the HVAAC unit running efficiently and you take care of minor issues before they become major ones.
What if you don’t have a service contract and just need a repair? HVAC installers charge between $75 and $150 an hour.
If you need an emergency repair, expect to pay more for that service. You could pay up to $200 an hour for an emergency.
The total HVAC service cost depends on the scope of a repair. A simple thermostat replacement costs less than a furnace replacement.
HVAC Service Cost Guide
This HVAC service cost guide showed you what you should expect to pay for HVAC services. There are several things that determine the final cost of HVAC services.
Your location, the service provider, and the type of HVAC service are the main ones. Be sure to work with an experienced HVAC company to ensure the best experience.
For more home tips, check out the other articles on this site.