When the new company was hired to inspect my HVAC, they guy immediately told me of all the problems which were wrong with my 26-year-old system. This came as quite a surprise, because the previous company always told me that my system was great for an older model. But the new guy had the receipts... he took photos of everything and told me that it wasn't a matter of "if" but "when." Everything could run for another two years. It could fail tomorrow.

The cost to fix it so it wasn't on the verge of failure? $1,200.

There was no way I was going to spend $1.200 on a band-aid, so decided to invest in a new system.

The options presented to me were Silver, Gold, and Platinum. The Platinum system was simply beyond my finances to pay for. The Silver and Gold were ultimately the same price once a rebate from the local utility district was considered (they pay you to install a heat pump system to save energy so they can then sell that energy at a bigger profit to businesses or other regions). So Gold it was.

It looks nice next to my new water heater. It also looks like money...

Fortunately I had been sinking money into an "emergency fund" for just such an occasion as replacing a water heater and HVAC system. Once the rebate is considered, I "only" had to come up with $650. Which will, in turn, come out of my tax refund.

Of course now I have no emergency fund left, so hopefully I won't have another emergency any time soon. Knock wood.

So there you have it.

Hot water. Hot air. And (eventually) cold air too.