Should You Repair Or Replace Your Heat Pump: Which Costs Less?
By Team JSR
In the depths of winter, New Zealand experiences a biting cold. The day starts with frosty mornings with occasional rain all around the chilly afternoon and freezing evenings spent curled up at home. To withstand the cold, many of us rely on an exceptional heating system such as the heat pump, which keeps you and your family warm. Keeping a comfortable indoor temperature not only boosts our immune system and helps prevent colds but also turns our home into a cosy and happier place.
There will be a point in time where your heat pump system will start to break down and cause uneven cooling or heating. Common issues in a Heat pump can arise such as refrigerant leaks, compressor failures and defrost cycle malfunctions etc. As a homeowner, you will have to make the biggest financial decision on whether to repair your current heat pump or and replace with a newer, modern heat pump. Both options are a viable choice, but they do have their pros and cons. The choice you make can significantly impact your wallet.
To help you make the right choice, let’s break down the details when deciding between repairing your heat pump or purchasing a new one.
Evaluating the Costs
Short Term Costs
Repairing:
- Lower Priority Cost: Repairing your heat pump system typically costs less upfront compared to purchasing a new one. Common repairs might include fixing leaks, replacing belts, or repairing electrical components, which can range from $150 to $1000 depending on the issue.
Replacing:
- Higher Priority Cost: Replacing your heat pump system involves a significant investment. The cost for a new system, including installation, can range from $2,000 to $7,000 or more, depending on the size of your home and the type of system you choose.
Long Term Costs
Repairing:
- Recurring Expenses: An older heat pump system is more likely to require frequent repairs, which can add up over time. If your system is already 10–15 years old, these costs can become a costly and a burden on your wallet.
Replacing:
- Energy Efficiency Savings: Newer heat pump systems are more energy-efficient, which can lead to lower utility bills. This energy efficiency can result in significant savings over the system’s lifespan, potentially offsetting the initial investment.
System Efficiency and Performance
Repairing:
- Declining Efficiency: As heat pump systems age, they tend to lose efficiency, even with repairs. An older system may struggle to maintain a comfortable temperature, leading to higher energy usage and costs.
- Upgrade Limitations: Repairing an old system doesn’t typically allow for significant efficiency upgrades. You’re essentially extending the life of an outdated model.
Replacing:
- Improved Efficiency: New heat pump systems come with advanced technology designed to maximise efficiency and performance. Features like programmable thermostats, variable speed motors, and improved refrigerants can enhance comfort and reduce energy consumption.
- Enhanced Comfort: A new system can provide more consistent heating and cooling, improved humidity control, and quieter operation, enhancing overall comfort in your home.
Economical Considerations
Repairing:
- Extended Use of Existing Materials: Repairing your heat pump system means you’re not contributing to landfill waste or the production demands of a new system. However, older systems might use outdated refrigerants that are less environmentally friendly.
Replacing:
- Eco-Friendly Options: New heat pump systems are designed with environmental considerations in mind. They use refrigerants that are less harmful to the ozone layer and are more energy-efficient, reducing your carbon footprint.
Making The Decision
The Age Of Your System
- Under 10 Years: If your heat pump system is less than 10 years old and has been well-maintained, repairs might be the more cost-effective option. A newer system is likely still under warranty, and the cost of repairs might be minimal.
- Over 10–15 Years: If your system is over 10–15 years old, replacement is often the more economical choice. Heat pump systems typically have a lifespan of 15–20 years, and older systems are less efficient and more prone to breakdowns.
Frequency And Cost Of Repairs
- Infrequent, Low-Cost Repairs: If repairs are infrequent and not too costly, continuing to repair your existing system can be a wise decision.
- Frequent, High-Cost Repairs: If you find yourself frequently calling the repair technician and the costs are adding up, it might be time to invest in a new system. Continual repairs can quickly outweigh the cost of a replacement.
Energy Bills
- Rising Energy Costs: If your energy bills have been steadily increasing despite regular maintenance, it’s a sign that your heat pump system is losing efficiency. A new, energy-efficient system can reduce your monthly utility bills.
Comfort And Air Quality
- Decreased Comfort: If you’re experiencing uneven temperatures, poor humidity control, or increased dust and allergens, your old heat pump system might not be up to the task. A new system can significantly improve indoor air quality and comfort.
Deciding whether to repair or replace your heat pump system is not a one-size-fits-all answer. It requires evaluating the age and condition of your current system, the frequency and cost of repairs, and your long-term energy savings goals.
While repairing your old heat pump might be cheaper in the short term, investing in a new system could provide better efficiency, performance, and cost savings over time. Assess your needs carefully and consult with our professional JSR heat pump technician to make the best decision for your home and budget.
