AC went bad...should I replace whole old system? Quotes Included
Hi! This forum has already taught me so much, and I was hoping for specific advice to my situation.
New homeowner, 1 year to be exact, Central Virginia location, 2400 sq. foot 2-story home built in 1982. The 4-ton York A/C unit and Gas Furnace (in garage) are originals...29 years old! Gas bills were in the 170-250 range during winter months, and summer electric bills are around 160-200.
When I bought the house, I knew it was only a matter of time before the HVAC needed replaced based on their extended lives. I went with a home warranty the first year, and this year I elected to go with an "Equipment Breakdown Coverage" Policy via my homeowners insurance. $40/year but $500 deductible.
Last Friday the A/C shut off and tripped the breaker, no life once we flipped the breaker back on. After a technician came out, they diagnosed the problem as the compressor was locked up and the unit would need to be replaced.
I've had a few different companies come out and give quotes, and they have been all over the place. Two highly recommended companies and two reputable companies.
All companies have recommended that I replace the A/C with a heat pump and replace the gas furnace at the same time. I'm trying to look at it from a monetary standpoint but also mindful of reliability and quality. Is it necessary to replace all things at once?
After talks with the insurance company, I am thinking they will cover $2500-3000...and I can use that with whatever company for whatever system.
Would it make sense to just replace the A/C with another standalone A/C so that insurance covers most (except $500 deductible and anything I spend to get a above par model)? Then when the furnace goes out, do the same with that?
From what I understand, if I would want to upgrade to a heat pump, then I would need to replace my gas furnace....is that true?
Would it make sense to upgrade to a heat pump and new gas furnace all at once?
Thanks for any input - I'll post the quotes later tonight if I get time!