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How do I Pay for My New HVAC System?

A new HVAC system is a major investment. If an emergency is forcing you to purchase a new HVAC system before you are financially prepared for it, then you may be concerned. Fortunately, many HVAC contractors are willing to accept several different forms of payment, as well as offer financing for you. If you are concerned about having to pay for a new HVAC system, here are some options that might be available to you depending on what contractor you choose to go with.

General Notes About Payments

While it may vary from individual contractor to contractor, most expect to be paid in full when the job is done. Some contractors may require a down payment if there are modifications they need to do to the home prior to installation or if they are special ordering a system in for you. It is always best to check with your contractor first; do not make assumptions. If you have to, get the terms of the contract in writing so both parties agree to the terms of payment.

Cash is King

Most contractors will accept a cash payment. If you do pay in cash, remember to get a receipt detailing the service that was provided by the contractor as well as an itemized inventory of equipment that was purchased. This might be necessary for repairs under warranty or for factory replacement equipment should something go wrong with your new HVAC system.

Personal Checks

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Many vendors will also accept payment by personal check. Some may require that you give them the check ahead of time so that it can clear before they finish the service that they provide you. If, for some reason, the bank does not cash your check, you will be responsible for additional fees that can be generated by the bank for returned checks. If you are paying via check, make sure the funds are available for your purchase.

Credit Cards

Most contractors will also accept credit cards as a form of payment. Check to make sure they do not attach an additional fee for credit transactions. Also, make sure that they accept the credit card type that you have. Less traditional cards like American Express or Diner’s Club might not be accepted by all contractors.


If you are looking to finance your purchase, contractors may have a preferred service that they work through in order to provide a payment plan. Remember to shop around for the best interest rates. If your contractor is not providing you with a rate that you like, check for home improvement loans from your local bank or other options to finance. Of course, there are systems that can run more efficiently and save you money. Be sure to check these out before making a final decision.

If you are in need of a new HVAC system, the first step is to find a contractor. Click here to receive free quotes from reputable HVAC contractors in your area, all without a home visit or even any contact information.


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