replace old air conditioner
The most common air conditioning repair costs are associated with replacing old, inefficient equipment. This includes repair of your current unit and replacement with a new system. Since newer air conditioners are more energy efficient than older models, you can expect significant savings on your utility bills when you replace an older unit with a newer model.
Newer systems also tend to last longer. It also reduces long-term costs by reducing maintenance and repair needs over time. However, you’ll still need to spend some upfront money to replace your old unit.
spend $1,000 on a new air conditioner
AC systems can shut down at any time. It’s smart to set aside a few hundred dollars per year to cover these costs. (Or make sure your emergency fund can handle it.) If your AC unit breaks, a repair company will charge you around $1,000 to install a new unit — and that’s if there are no complications.
Note that prices vary depending on your area and the size of your home. In Los Angeles, an air conditioner typically costs between $1,300 and $3,600. In other areas, such as New York City or Chicago, the cost of installation can be up to $5,000. However, on average, a new system should cost about two-thirds as much as completely replacing a system.
Buying Packaged Systems
Total package is another common way of buying system air conditioners. They come with everything you need for installation, including ductwork and vents (including a professional to do the installation). Prices for packaged systems vary widely, but on average you can expect to pay between $6,000 and $15,000, depending on the features you want.
Many air conditioning companies offer financing options so that your monthly payment is less than what you would pay if you bought everything separately. Just beware the unreasonably high interest rates on these offers. You don’t want to pay $22,000 for your $10,000 AC system after eight years.
