Depending on the climate you live in, a working HVAC system is an absolute must. That’s because, without a reliable HVAC, heating, cooling, and the overall airflow of your building are difficult to manage. Getting a new HVAC system is stereotypically considered a major expense; however, many people don’t fully understand how much a new HVAC system truly costs. That’s because several different factors can influence how pricey the project will get. Of course, a residential HVAC system will be less expensive than a commercial HVAC system, but it’s worth understanding the costs that each entail to better appreciate the overall price. Keep the following in mind, whether you’re shopping for a new residential HVAC system or are looking for a commercial HVAC contractor for your business.
When it comes to residential HVAC projects, the national average in America is about $9,000. However, there are several different aspects of the job that will change the pricing. For example, if you are looking to get your HVAC installed with ductwork also installed at the same time, that price will range anywhere from $6,000 to $12,000. If you want specific add-ons and extra features, the job can quickly approach almost $17,000 depending on the size of your house. While many people may be willing to forego extra features for their heating and cooling system, some people appreciate the added functionality of extra features like zoning, self-purifying air cleaners, and even humidification options.
Buying a new commercial HVAC system has many of the same pricing considerations as a domestic job. One major difference, however, is that while a residential HVAC job may take only three to five days, a commercial job can take much longer. This is because in bigger commercial buildings, there is often much longer ductwork required than a traditional home. This can also contribute to higher costs, as the length of your ductwork and the labor to install it properly are both related to two key prices for the overall job. Keep in mind that labor is usually about half of the overall cost of any HVAC installation and can run anywhere between $40 to $80 an hour. The cost of labor, of course, depends on the company, so make sure to read about other customers’ experiences before automatically selecting the cheapest option.
When determining which system to choose, you’ll also be faced with deciding between a two-pipe or four-pipe setup. A two-pipe setup involves having both hot and cold water use the same pipe regardless of the direction the water is flowing. In a four-pipe HVAC setup, each direction and temperature has its own, dedicated pipe. Generally, a two-pipe setup will run about $15 per square foot on the low end, with a four-pipe setup costing about $18 to $20 per square foot. On its face, this price difference isn’t too extravagant; however, with bigger jobs that require a lot of square footage, this can quickly add up.
If the above prices have you a bit unsure, you don’t need to fret. That’s because there are plenty of ways to get the money necessary to fund your new commercial HVAC system. Hard money lenders in Texas and other states will be able to help fund your HVAC project with a loan secured by your business’ property value. These loans are usually easy to apply to and require very little documentation, keeping the loan process hassle-free. Keep in mind that in many cities, such as Dallas, there are local ordinances in place that require HVAC systems if you serve the public. This is because regulating airflow and temperature contributes to a safer and more comfortable environment for both your employees and your customers. Having a hard money lender like Bay Mountain Capital to help you finance your HVAC system can be the difference between keeping your company running and having to close its doors. As a result, it never hurts to talk to a local lender to see how they may be able to assist you and your projects.