An HVAC system's life depends upon proper maintenance and repair. A heating, ventilation and air conditioning (HVAC) system heats and cools a home by drawing air from the outside. The National Association of Home Builders says that, on average, units last 15 to 25 years. According to the Home Improvement Guide, they cost about $3,000 to $5,000 if your ducts function well, or $6,000 to $10,000 if you need new ones. Getting credit or a loan helps you meet the significant financial committment that HVAC installation brings. You can find financing through dealers and retailers, your home's value, government loan programs and your power company. Step 1Get financing from the HVAC manufacturer or seller. Manufacturers, such as Lennox, Carrier and Trane, arrange with credit card companies to let you charge the purchase price. You can apply online with the manufacturer or dealer or in person at the dealer's office or store. Big-box home improvement retailers, such as Sears, Lowes and Home Depot, offer their own credit cards.

With many of these cards, you are not limited to just the HVAC, but may make other purchases and get cash advances. These cards generally don't rely on your home to guarantee repayment. As a result, interest rates can run as high as 28 percent on some cards. 8 000 btu window air conditioner reviewsStep 2Use your home equity to finance the HVAC. hvac terminal units definitionYou can borrow against the difference between your home's value and what you owe on it with a home equity loan or home equity line of credit. walmart indoor ac unitA home equity loan is a one-time draw, while a home equity line of credit works like a credit card. Your loan is limited to 75 percent to 80 percent of the equity. If you have $10,000 in the home, you can use up to $7,500 to $8,000 to buy the system.

You pay less interest with loans against your home than dealer or store-connected credit cards. Borrowing against your home makes your HVAC purchase tax deductible, but you can lose your home and the HVAC if you fall behind. Step 3Consider a home improvement loan backed by the Federal Housing Administration. According to Energy Star, your HVAC replacement is a home improvement for which you can get FHA financing. The federal government has rolled out a pilot PowerSaver program targeting those who choose energy-efficient HVAC units, typically those with the Energy Star label. Both the traditional Federal Housing Administration and the pilot programs let you borrow up to $7,500 without putting up your home as collateral, but you must have home equity to participate in the PowerSaver program. Step 4Check with your power company or local agencies for options and help. Providers, such as PSNC Energy in North Carolina, connect with participating dealers to let you pay for your HVAC through your monthy electric bill.

According to Energy Star, power companies and energy loan programs will help you with low interest rates if you opt for energy-efficient systems and products; Austin Energy, community owned and run by the City of Austin, has interest rates from zero percent to 6.5 percent depending on the loan amount. Tips References The Home Improvement Guide: HVAC Prices and Average Costs for Residential InstallationsNational Associaiton of Home Builders/Bank of America Home Equity: Study of Life Expectancy of Home ComponentsLennox: HVAC Financing: Go GE CapitalCarrier: Carrier Credit CardEnergy Star: Financing Guidebook for Energy Efficient Program Sponsors; December 2007Indiana Department of Financial Institutions: Home Equity Loans & Lines of CreditUnited States Department of Housing and Urban Development: Property Improvement Loan Insurance (Title I)Lawrence Berkley Naitonal Laboratory: Environmental Energy Technologies Division: Clean Energy Financing Policy Brief: HUD PowerSaver Pilot Loan Program;

Dec. 10, 2010Federal Register: Federal Housing Administration: Notice of FHA PowerSaver Home Energy Retrofit Loan Pilot ProgramPSNC Energy: Do You Offer HVAC Financing? Photo Credits Jupiterimages/liquidlibrary/Getty ImagesETS Teams up with Lowe’s and Electrolux on Innovative Wireless PTAC Pilot Program for Metropolitan NY/NJ Multifamily Buildings New Generation Wireless HVAC Units, to be Exhibited by Lowe’s at the 2015 Consumer and Electronics Show, Offers Anytime/Anywhere Control through Smartphone Mobile Applications SUMMIT, N.J.--(BUSINESS WIRE)--Energy Technology Savings L.L.C. (ETS), an independent provider of energy efficiency and smart building technology solutions, today announced the first-of-its-kind wireless PTAC pilot program with Lowe’s and Electrolux to test new heating and cooling units in multifamily,A packaged terminal air conditioner, or PTAC, is a self-contained heating and air conditioning unit commonly found in

hotels and condominium and rental buildings. The wireless HVAC units, which will be deployed in five different metropolitan NY/NJ locations, were designed to enable building operations management and residents to better manage and reduce energy costs with anytime, anywhere smartphone mobile applications to control and schedule heating and air conditioning appliances. Lowe’s will display the wireless PTAC unit at its booth during the 2015 International Consumer and Electronics Show (CES) from January 6-9 inExecutives from Lowe’s and ETS will be on hand to discuss the new generation product at Booth #70632 in the Sands Expo Hall. “ETS’ comprehensive data collection and diagnostics systems are influencing new developments in smart building technology in the residential and commercial multifamily sectors by providing critical, in-the-field information vital to advancements in technology and behavior modifications,” said Jeff Hendler, Chief Executive Officer of

“Our holistic vision to harness wearable devices with smart mobile applications is unleashing big data from big buildings. PTAC units are a great example of how leading smart home appliance providers like Lowe’s and Electrolux are embracing these new paths to energy savings and resident comfort by actively taking it from concept The collaboration with Lowe’s and Electrolux reflects ETS’ strategy of developing business relationships with leading smart technologyThe company recently demonstrated Lowe’s smart home products in the New York City multifamily marketplace. About Energy Technology Savings, L.L.C. ETS was founded in 2012 by Jeff Hendler, a 20-year Energy Industry veteran, and institutional owners of large multi-family properties in New York and New Jersey. Experts in the smart building field, ETS implements a series of targeted smart building management strategies to help clients’ buildings consume less energy, mitigate property damage,