Financing Options for your HVAC Installation
Paying to repair or replace heating and cooling equipment can put a real dent in your finances. Fortunately, there are multiple ways to pay for your heating and air replacement.
CREDIT CARD: Applying for a credit card or using one you already have is one way to pay for new heating and air equipment. Affordable monthly payments help you complete your system upgrades without draining your savings.
FEDERAL ASSISTANCE: Look outside the box for additional financing opportunities. The federal government partners with the Environmental Protection Agency and the Department of Energy to offer federal grants and tax credits to homeowners who upgrade their heating or cooling systems to make them more energy efficient. You can also get home improvement aid if you are a qualified homeowner.
HOME EQUITY LOAN: Consider getting a home equity line of credit to pay for the heating or air conditioning work you need. Ask your mortgage lender if you meet the eligibility requirements. Some banks may offer a personal loan if you have an existing relationship with them.