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The average cost to replace or install a new HVAC system is around $7,500. However, the price can range from $5,000 to $12,500, depending on factors like the size of your home, the type and brand of the unit, and your specific heating and cooling needs. If you only need to replace certain components, the cost will be lower; for example, a new AC unit can cost between $2,200 and $5,500, while a new furnace costs $3,200 to $6,000. If additional work like new ductwork is required, the total cost could be as high as $22,000. It's best to contact a local HVAC company for an accurate quote.

A new HVAC system can increase your home's value by about 5% to 7%, which can translate to an added value of $2,500 to $3,000. The return on investment (ROI) can be around 30%, especially if you upgrade the entire system, including ductwork and insulation. Adding modern features like a smart thermostat can further increase your home’s value by making the heating and cooling systems more efficient and convenient. However, since a new unit can cost $10,000 or more to install, it's important to weigh the upfront cost against the potential increase in home value. For a specific assessment, it's best to consult a local AC installer.

It’s not customary to tip HVAC technicians, and most professionals won’t expect it. However, it’s a nice way of showing your appreciation for the work they do, especially if they come out in inclement weather or on a weekend or holiday to fix an emergency issue if your heat or AC goes out in extreme temperatures. A good tip would be between 10% to 20% of the total bill, depending on how above and beyond the tech goes for your repair and on the total cost of your HVAC repair or service. For something like a routine tune-up or scheduled maintenance, tips aren’t expected.

Winterizing can still help you save money on energy costs and help prepare your AC for its work next year when you turn it back on. We suggest planning for at least some maintenance, even if winters are mild in your area.