Air Conditioner & HVAC Financing Options for Homeowners

A Couple Reviewing HVAC Financing Options

If you need to replace your HVAC system in Atlanta and you find yourself in a bit of a financial bind, you don’t have to worry.

It might be costly, but fixing or replacing your HVAC system can be done even if you can’t pay for it out of pocket immediately.

There are ways to finance the cost, and here are a few.

Incentives for Energy Efficient Systems

Energy efficient systems are all the rage, and not just because of the lower cost of operation. Concerns about the environment are causing more and more people to switch to energy efficient HVAC units, and the government is taking notice.

Federal and state governments, along with independent organizations, are providing grants and loans for people committed to using energy efficient HVAC systems.

Check out to learn more about these incentives, which could allow you to save on the cost of your HVAC unit!

Federal Loan Programs

If you have home equity, you may be able to get a loan from the federal government to install a new, energy-efficient HVAC system.

The PowerSaver loan program allows homeowners that meet specific requirements to get a FHA loan for up to $7,500 to replace or repair their HVAC system.

Your Local Bank

If you go to your bank, you may be able to get a personal loan in order to finance your HVAC system upgrade or replacement.

These loans vary widely and you’ll need to meet with someone who can tell you what you qualify for. But this could be a decent option, depending on the collateral they require.

Home Equity Line of Credit

If you have home equity, you could also use your HELOC to finance the purchase of an HVAC system.

However, this could be risky. Despite interest rates being low and available credit potentially being high, you could lose your home if you default on these payments.

In Summary

  • Replacing your HVAC system, although costly, can be financed through a variety of methods.
  • It’s better to use the financing option and pay for it than live with a poorly functioning, or nonexistent, HVAC system.

We offer budget-friendly HVAC financing options with approved credit, so contact us to ask about our promotional financing and special terms.