The key to keep your AC working during the summer months is proper maintenance. But if maintenance is too complex for you, many air conditioning companies offer yearly service agreements. Are these plans right for you?
"To catch something minor that could turn into something major like low on freon could ruin your compressor. It's much better to catch a minor problem than wait until later and have a major problem," said HVAC contractor, Curt Hicks.
Curt Hicks says maintaining your unit is the key to keep your air conditioner working during the dog days of summer.
"The older the equipment gets the more maintenance it's going to require, they develop leaks and things break more when they get old and tired," said Curt Hicks.
Experts say more and more HVAC companies are offering agreements where you pay a set annual fee for them to come out and perform necessary maintenance.
Most basic plans start around $150 and include a checkup and a tune-up for your system at the start of the summer and winter seasons. Some also include priority emergency service and a discount on parts. The more services the agreement includes, the more you pay.
"The drawbacks are your paying for the expense up front and you may not need it. For example, you may not have a repair on your unit this year. So it's important to understand the condition of your unit before you make the decision to buy a maintenance agreement," said Angie's List Founder, Angie Hicks.
If your unit is in need of expensive repairs, it may make more sense to replace it.
"When deciding whether to repair or replace your ac unit, follow the rule of $5,000. If the repair cost times the number of years old the unit is more than $5,000 you should go ahead and replace. If it's under, go ahead and repair. So, for example, if the repair costs $350 and it's a ten-year-old unit that only multiplies to $3,500, so you should go ahead and repair in that scenario," said Angie Hicks.
When picking a service agreement, Angie's List reminds homeowners to check out the company and ask for references. Remember, the maintenance agreement is only as good as the provider backing it.