2024 Furnace and Air Conditioning Buying Guide

November 30, 2023

Are you planning to upgrade your heating, ventilation, and air conditioning (HVAC) system in 2024?

Your timing is perfect.

Investing in your home’s comfort always makes sense. And it can save you money: Even if your air conditioner is only 10 years old, the U.S. Department of Energy (DOE) estimates you could save up to 40 percent on cooling costs by replacing it with a newer, more efficient model.

Midwest Air Pros has HVAC experts ready to help you with heating and cooling solutions in  Des Moines, IA, Kansas City, MO, Omaha, NE, Springfield, MO, or Wichita, KS. Whether you want to improve your indoor air quality (IAQ) or lower energy bills, our professionals are here for you.

Find A Pro near your home and consider these tips when purchasing new HVAC equipment in 2024.

When Should I Replace My HVAC Equipment?

Too often, we find customers rushed to make a hasty decision because their furnace broke down in the middle of winter.

Does your current system struggle to keep your home comfortable? Do some planning. Consult a professional to determine if replacement is necessary or whether you can repair and tune up your existing HVAC equipment.

If your HVAC equipment is around 10 to 15 years old, start putting together a replacement plan that fits your budget. Doing so will help you save money and find the best products that fit your lifestyle.

3 Immediate Benefits of Upgrading Your HVAC System

Your system might switch on and off, but that does not mean you are getting the most value from it. Here are three reasons why it makes sense to replace older equipment:

  • Increased Energy Efficiency: Modern systems often meet or exceed current environmental standards and use less energy to heat and cool your home, reducing your carbon footprint.
  • Improved Air Quality and Comfort: New HVAC systems often have better filtration systems that reduce allergens, dust, and other pollutants in your home, contributing to a healthier living environment.
  • Reduced Repair and Maintenance Costs: A new system has a warranty to guard against repairs. Plus, it is much less likely to break down, saving you money and inconvenience in the long run.

2024 Federal Tax Credits on HVAC Equipment

The Inflation Reduction Act (IRA), adopted by Congress in 2022 to encourage homeowners to switch to high-efficiency systems, offers generous tax incentives on heating and cooling equipment:

  • Up to $600 in tax credits on qualifying furnaces.
  • Up to $600 in tax credits on qualifying air conditioning units.
  • Up to $2,000 in tax credits on qualifying heat pumps.

Be sure to consult with your tax professional about these credits. The IRA also expects to roll out income-based rebates on HVAC equipment in 2024.  

What You Need to Know About Replacing Your HVAC System

Here are some key factors to consider:

  • Energy Efficiency: Look for systems with high energy-efficiency ratings, like those with ENERGY STAR® certifications. You may pay more up-front, but the payback is quicker with lower energy bills and improved comfort.
  • Size and Capacity: An oversized or undersized HVAC system can lead to inefficient operation, increased wear and tear, and discomfort in your home.
  • Brand Reputation and Reviews: We specialize in York®products, one of the most trusted names in the HVAC industry. Look for brands known for reliability, durability, and good customer service.
  • Warranty and Service Agreements: A good warranty can provide peace of mind, and regular service can keep your system running efficiently.
  • Advanced Features and Technologies: Consider systems with advanced features like programmable thermostats, smart home compatibility, or variable speed motors. These features can enhance comfort, convenience, and efficiency.

It is always a good idea to consult a professional HVAC contractor who can provide advice specific to your home’s needs and local climate conditions.

Ready to Replace Your HVAC Equipment? Contact Our Midwest Air Pro Experts

Our Midwest Air Pros companies would be happy to review all the 2024 HVAC equipment options available to you in Des Moines, IA, Kansas City, MO, Omaha, NE, Springfield, MO, or Wichita, KS. Find A Pro and choose a trusted HVAC provider in Iowa, Kansas, Missouri, and Nebraska.