HVAC Service Contracts: A Waste of Money?
by The Cooling Company, on Dec 3, 2015 2:09:50 AM
If you've been offered an extended HVAC maintenance plan or service agreement, you may be asking yourself if they're worth your money. In some cases, they may be a waste of money and that's why it's crucial to understand these contracts and what they offer.
HVAC Service Contracts
A service contract is an agreement between you and your HVAC service provider in which you pay a set fee for the company's ongoing maintenance of your HVAC system. Basic contracts include a checkup and tune-up of your heating system before the beginning of winter, and of your air conditioning system prior to the start of summer. Some contracts will include parts and emergency services.
Having one of these contracts may also give you priority treatment - which can be especially useful during an emergency. The more your contract includes, the more you will pay.
The Importance Of Regular Maintenance
With a service contract, you can actually save money in the long run because regularly scheduled maintenance can help prevent bigger repair issues that are more expensive. Moreover, a technician will regularly monitor your system to make sure that there aren't issues impacting its efficiency. Think of it another way: Would you disregard routine maintenance on your car and hope major issues don't crop up?
Measuring The Costs
Homeowners often decide not to buy service contracts because of the costs. Depending on the services offered, they typically range from $150 to $500 per year, which can cost more than the actual repair. If the system is new enough to still be covered under warranty, then the cost of a service contract might not be worth it. On the other hand, some manufacturers require routine maintenance as part of the warranty.
Keep in mind that you have to pay the service fee every year regardless of whether you system needs a repair. This can add up if you go several years without needing a repair.
Do Your Research
Before signing a service contract, determine the cost of routine maintenance and compare it to the service contract. The result may be that you decide that it's more cost effective to pay for routine costs out of your own pocket. Also find out if emergency repairs are included in the contract. If they are included, and at a reasonable price, it's something to strongly consider.
Looking for heating and cooling experts in the Las Vegas area? Then look no further than the Cooling Company and its team of professional technicians.