The Best Way to Finance Your New Central Air Conditioner

If it’s time to install a new air conditioner in your Florida home, we know the process can be expensive and overwhelming. From choosing the right size and efficiency rating to navigating air purification, thermostats, and other comfort features, the last thing many homeowners want to think about is how to pay for it all.

But good news– financing options are now readily available for home service upgrades. Whether you’re looking to finance a new central AC replacement, heat pump installation, or even HVAC system repairs, there are low-interest loans with monthly payment plans you can apply for.

Let's dive into the exciting perks that come with financing a new central AC installation:

If your current AC is beyond repair and you need comfort now, financing will allow you to spread out the cost over time, which can be more manageable than paying for it upfront. This benefit is immeasurable for homeowners on Florida’s Emerald Coast, where hot and humid summers make reliable AC a vital necessity.

Furthermore, by replacing your outdated AC with a newer and more efficient system, you’ll reap the energy savings straight away. As electricity prices continue to rise in Northwest Florida, this can make a considerable difference in your monthly utility bills.

Furthermore, a new central AC system offers enhanced indoor comfort by providing consistent temperature control. This can greatly impact your summer experience and make your summer more enjoyable.

Paying cash up front for your AC system may impose budget constraints that limit the size or scope of your home's cooling needs. However, opting for financing opens up possibilities, expanding your affordability range and enabling you to invest in a top-notch, efficient, and dependable air conditioner.

New AC systems are designed to be more energy efficient, which means that they will use less energy to operate. This can lead to significant cost savings on your energy bills over time, which can offset some of your financing costs. Enjoy the AC system you want, while saving money on electricity each month. It’s a win-win!

Many HVAC companies, including Mills, have partnered with financial institutions that offer low and even 0% interest financing options.

For a set period of time (usually around 60-72 months), you can make monthly payments on a new HVAC system without paying any interest. The caveat is usually a flat, upfront financing charge. However, this varies from lender to lender. Also, 0% interest loans typically require a certain credit score, so keep in mind that approval isn’t guaranteed.

If you’re interested in financing a new central AC in the Fort Walton Beach and Panama City Beach area, contact Mills Heating & Air today. We offer free in-home estimates with our expert Comfort Consultants, along with convenient 0% interest financing options.

As we mentioned above, HVAC loans tend to include monthly payments at a fixed rate, including set payback periods. Unlike financing through a credit card, this means homeowners will have an end date that their loan is repaid, and with a set amount of interest too.

A word of caution: always make sure to read the fine print on your loan conditions, and specifically the payback conditions. Check to see if there are any prepayment penalties. In the event you can pay off your loan early, you don’t want to risk getting hit with an unexpected fee.

In addition to comfort, energy savings, and affordability, financing your new air conditioner will provide you with peace of mind. Knowing that your household has reliable AC, you won’t have a fear of a breakdown (and subsequent repair cost) looming over your head all summer.

To that end, a new AC system comes with a new warranty too. You can rest assured that if your AC happens to need a repair, any replacement part costs will likely be covered by the manufacturer for a set number of years. Just make sure to keep it well-maintained. Many manufacturers require annual tune-ups to maintain a valid warranty.