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Budgeting for an Equipment Replacement in 2023

The Inflation Reduction Act passed earlier this year has lofty goals of cutting greenhouse gas emissions up to 40% by 2030. The legislation includes massive investments in sustainable solutions, including $386 billion for climate and energy spending, plus tax breaks to expand the use of green technology. If you already had your eye on a commercial HVAC system overhaul, now might be the time to consider your options.

Outdated HVAC equipment can be costly — not just from a maintenance perspective, but older systems generally run up higher energy bills. Whether you’re looking at a full replacement or a system upgrade, both options require an upfront investment for equipment and labor. Other factors that affect costs include:

  • Size of your commercial building. This is one of the most important factors to consider. If your system is underpowered, it could have trouble keeping a consistent temperature. System wear and tear in this situation goes beyond the norm, meaning the lifespan of your equipment will shorten. Nobody wins there.
  • Type of HVAC unit. Whether your facility is a small store or a large office building, today’s HVAC systems have a variety of heating and cooling capacities to meet your needs. The most common types of commercial systems are: Single-split, multi-split and VRF/VRV. Single-split is generally one of the more popular and affordable systems that allows individual control of heating and cooling for each space. Multi-split systems have a smaller outdoor footprint and consume less energy due to temperature sensors that allow the system to adjust. VRF (variable refrigerant flow) or VRV (variable refrigerant volume) systems use heat pumps and heat recovery.
  • Brand. Each brand offers different systems with their own unique features (and price tag), so you’ll be able to find something that meets the needs of your building while staying within budget.

It’s worth noting that system replacements come with a manufacturer’s warranty — so you can rest easy knowing any repairs (should they arise) are generally covered without any extra costs.

The plumbing throughout your commercial facility also sees a lot of wear and tear throughout its lifespan. If you’re budgeting for plumbing repairs or replacement, you might find an effective solution in hydro-jetting, which also comes at a more attractive price point. Not only does it resolve any immediate issues, but it can also provide a long-lasting preventative measure to safeguard against future clogs and pipe damage.

Legacy Mechanical is your trusted expert when it comes to commercial HVAC service, and we’re ready to help when you need us. Contact us today!

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