Many people don’t know the age of their furnace. But, knowing the age of the equipment provides a good indication as to how efficiently it’s working. Is it an energy hog, or efficient as a camel on a long desert journey?
The example I like to use is say you have a 17-year-old mid-efficiency (conventional) gas furnace. Your conventional furnace operates at about 60% or less efficiency than a new high efficiency furnace. The long and short of it is, your older furnace is burning up about 40 cents of every dollar you spend on natural gas.
Take it one step further; for a home spending $1,000 a year on heating, upgrading to a high efficiency gas furnace could result in savings as high as $300. An additional perk is that a number of high-efficiency furnaces are eligible for utility rebates (Enbridge and Union Gas) and Ontario Power Authority rebates meaning payback on the purchase of the furnace may be realized sooner.
So, toddle on down to the basement and get a little more closely acquainted with your furnace, if you’re not already. There are some great offers out there that can lower the initial expense and you’ll be seeing lower monthly energy bills before you know it.