financing your hvac systemA new heating and cooling system represents a significant investment in comfort, health and energy efficiency. Modern HVAC equipment is engineered to provide quiet and dependable performance through many years of trouble-free operation.

The weather in the Mid-Atlantic region is unpredictable, and a reliable central cooling and heating system is a necessity, especially for the elderly and young children. Severe weather places additional stress on HVAC system components, which often causes worn parts to fail completely. At Griffith Energy Services, we recognize that many families do not have the available cash required to make a major purchase, particularly if the expenditure is unanticipated. That’s why we have developed partnerships with several quality lenders to help our customers acquire a new energy efficient HVAC system. The financing plans we offer are tailored to fit each situation, and the cash can be used for equipment repairs, purchases and maintenance.

The Benefits of HVAC Equipment Financing

Large home improvement projects can place a homeowner’s cash flow under extreme stress, especially since most people have not budgeted for an HVAC replacement.

Financing options help bridge the gap between equipment costs and available cash, which makes the purchase process less traumatic and nerve-racking. The customer service aspect of financing also helps enhance the level of trust between the customer and the HVAC contractor, especially if the dealer is honest, knowledgeable and experienced.

Perhaps most importantly, the energy savings that result from replacing old, obsolete equipment can pay for a substantial portion of the cost of financing. In fact, replacing a 10 SEER air conditioning unit installed in the mid 2000s with an 18 SEER model can save up to 48 percent in annual cooling utility costs.

By financing the installation and purchase of your new residential HVAC system, you will stay comfortable while enjoying the following benefits:

  • Fast and simple application process
  • Expedited credit decisions
  • No prepayment penalties or annual fees
  • Monthly online statements
  • Low minimum monthly payments
  • Periodic promotional opportunities
  • Multiple payment options including online, regular mail and direct withdrawal
  • No liens are recorded
  • Current credit lines remain available
  • No points, fees or closing costs
  • No requirement for home equity
  • Fixed rates and monthly payments

Since we only work with nationally recognized lenders, you can rest assured your privacy is completely protected by the most sophisticated security measures and encryption technology in the industry. Every application is evaluated rapidly, and most credit decisions are issued within one business day.

How to Obtain Financing

Most consumers can qualify for some level of financing for new HVAC equipment. To secure a favorable interest rate and receive multiple offers, it is important to gather supporting documentation that includes the following elements:

  • Credit Reports: Your credit score will play a major role in the lender’s decision to extend financing. The amount of funding and the accompanying interest rate are tied directly to your credit score. All of your existing loans should be up to date, and it is advisable to pay down credit cards and other revolving debts. Check your credit report and immediately challenge any inaccurate entries.
  • Pay Stubs: Organize your last three months of pay stubs to provide income verification. Self-employed people will need supply proof of income through deposit receipts or tax returns. Anyone else listed on the loan will also need to show proof of income.
  • Letters of Reference: For those with poor or minimal credit, letters of reference can help establish a pattern of reliability. References from utility companies and employers can be beneficial in demonstrating consistency and financial responsibility.
  • Price Quotes: One of Griffith’s friendly comfort specialists can help design a new central HVAC system that will precisely match the indoor load of your home or office. Once the cost of the system has been established, you can select the appropriate financing package.

Repair or Replace Your System?

Since air conditioners and furnaces contain a variety of moving parts, they will eventually need to be replaced no matter how well the system has been maintained. For equipment that is 10 years and older, frequent breakdowns can be extremely costly and potentially lead to safety and health issues.

AC compressors are very expensive to replace, and the efficiency of the unit can be permanently compromised. Outdated standing-pilot furnaces may develop small cracks in the heat exchanger, which can result in carbon monoxide leaking directly into the living area. Any furnace with a cracked heat exchanger should be replaced immediately.

Modern air conditioners must meet a minimum federal standard of 13 SEER. The Seasonal Energy Efficiency Ratio was implemented by the Department of Energy to offer consumers a simple way to compare the relative efficiency of different brands and models of equipment. Replacing an aging condensing unit with a high-SEER rated model will improve comfort and provide a relatively short payback period.

Many older furnaces operate at 60 percent efficiency or less. This means 40 percent of the fuel used in the burn process is wasted and exhausted through the venting system. A modern furnace replacement will help keep your home warm and cozy in the winter and lower your monthly heating utility bills as well.

Financing Options for Every Budget

For customers in the Mid-Atlantic region, Griffith Energy Services provides complete HVAC replacement options for air conditioners, furnaces, heat pumps and package units.

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Dear Customers,

At this time, when the news is dominated by the Coronavirus (COVID-19) health emergency around the world, we wanted to personally reach out and let you know that we are vigilantly implementing enhanced protocols to ensure your safety and the safety of our team.

We are closely monitoring the guidance of the World Health Organization and the Centers for Disease Control regarding the spread of the virus. This is an evolving situation and we will continue to develop and take necessary measures as needed. Our focus is to ensure that we meet customer needs while doing our part to keep you, our employees, and our communities safe.

Here’s what we’re doing:

  • Everyone on our team has received enhanced training and protocol briefings. We will continue to evolve and adjust these protocols as needed.
  • We are implementing telecommuting options for positions where applicable.
  • Non-essential work travel is currently on hold for all employees.
  • We are conducting enhanced cleaning practices at our locations and are instructing employees to continually sanitize their work stations and vehicles.
  • We are also urging all employees to be vigilant about frequent hand washing.

Information for you:
If you have an existing service appointment, we look forward to seeing you and want to reassure you that we are doing everything we can to promote a safe and secure service experience.

During this challenging time, if you are experiencing symptoms related to the COVID-19 virus or have been exposed to it, in order to protect our team and all the customers we serve, we encourage you to please reschedule your service appointment, by calling us at 888-474-3391.

Your safety is our highest priority and we truly appreciate the trust that you place in our team and our company.

Best regards,
Griffith Energy Services

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