Home Improvement Tips & Advice Provided by the Home Service Doctors

How to Finance Your Furnace Installation

If you’re looking for a new furnace, financing may be the best, most affordable option. For many homeowners, coming up with enough cash to buy a furnace outright would be tough – especially right before the holidays. On the other hand, not installing a new furnace isn’t an option either. So, how do you go about paying for a new furnace?

How to Pay for a New Furnace

In reality, you have several options:

  • Through your furnace provider. At Home Service Doctors, we offer financing solutions through Synchrony and Wells Fargo. Our goal is to ensure that all of our customers have the financial support they need to keep their homes (and their families) warm during the winter. Call us today at (703) 997-1660 to speak with a team member about our financing options.
  • Government Programs: There are several financing programs available, both state and federal, to make furnace installation possible for you. For example, if you install a high-efficiency furnace, these programs may provide special financing, like rebates. Your local heating company should be able to provide more info on any programs available.
  • Bank Loans and Credit Cards: You will be able to pay for a furnace with a bank loan or credit cards if you have sufficient credit or home equity. There is also the option of collateral, which will require you to relinquish a real asset, like a motor vehicle, in exchange for a loan. However, you should still be aware of interest rates regardless of which option you choose.
  • Online Crowd Funding: Online crowd funding sites like GoFundMe are growing in popularity, so you can receive funding for your furnace installation. This allows you to make a call for any donations to fund any new heating systems and help to donate to strangers for their needs as well.

Choosing the plan that’s right for you: 4 things to watch out for

There are plenty of great of financing programs out there ready to help you get the furnace you need but in the event you stumble upon one you cannot entirely trust, here are 4 features in which you need to be cautious and consider before going through with the program:

  1. Low Monthly Payments: This is great option if you are looking to save money, but be careful. Low monthly payments will result in higher interest rates. Generally, the more money you finance, the more likely that you will pay in interest.
  2. Zero Down Payments: Like low monthly payments, zero down payments will see high interest rates, even higher. Again, a valid option, but be cautious of what it may cost you down the line.
  3. No Annual Fees: You need to be careful of promises like “no annual fees”. It may not even be worth the search for a lower interest rate. Annual fees usually cost up to $200 and you can pay the cost easily with interest rates.
  4. Deferred Payments: Some manufacturers will promote deferred payments for their own gain, but it could be beneficial to you. Deferring payments allows you the option of not having to pay back the loan for 90 days or even a year. A note of caution: you should still be careful of higher interest rates.

Keep in mind that good financing options might come with some of these perks, too. Just remember to do your research to make sure you’re getting the best bang for your buck and avoiding unnecessary interest or fees.

How Can Home Service Doctors Help You?

At Home Service Doctors, we dedicate ourselves to supplying homes across the area with a high-quality heating. We always have our team of heating technicians available to conduct a furnace installation so you don’t spend a single day this season without heat. They specialize in personable customer service that will ensure your unique heating needs are met and your 100% satisfaction is guaranteed. And they are not just “” for nothing. They remedy any heating problem, even when it comes to financing. We want all homeowners to have heat in their homes during the fall and winter. If that means helping you find the proper financing for a furnace, then we are more than up for the task. With our help, you will be able to enjoy the season so much more, with a trustworthy furnace that won’t put a major dent in your savings.


If you're interested in learning more about the financing options for Fairfax heater installation, call the Home Service Doctors today at (703) 997-1660 or contact us online!