Can I Finance a New Heating and Air Conditioning System?

 In Blog

Investing in a new heating and air conditioning system is for many people, an unplanned expense.   Fox Family Heating and Air Conditioning have several choices when it comes to financing your home improvement. We work with different lenders to be able to provide an affordable financing option that works best for you.

When you choose to finance your HVAC system replacement using one of Fox Family Heating and Air Conditioning’s lenders, you will get a superior product, quality installation, and unmatched warranties, at a reasonable monthly payment that fits your budget.

Synchrony Bank

Our most popular choice is traditional financing through Synchrony Bank. Synchrony allows you to choose the interest rate and payment term you prefer from four different options, including an option for interest-free financing for 12 months. The application process is quick and easy, with instant credit decisions.  The process involves two steps. First, you will walk through a simple credit application with the technician and, once approved, Synchrony will e-mail you a financing agreement with the payment terms you choose, for your acknowledgment. This is all handled electronically, and the entire process takes as little as ten minutes.

There is no minimum requirement for credit, so this option is not limited to new systems – it can also be used to finance those unexpected HVAC repairs.

Foundation Finance

This option is available for customers with less than perfect credit. When approved, you have the flexibility to choose your own payment term, anywhere from 12-120 months, so you can have a monthly payment that best fits your budget.

SMUD Financing

As a registered SMUD contractor, we can assist with your application for a secured, home performance installment loan through SMUD. They offer 6.99% APR for a 10-year loan. In order to apply for SMUD financing, you must be a current SMUD customer with a clean payment history and have no bankruptcy or foreclosures in the past 36 months.   The minimum purchase amount for SMUD financing is $1,200.


This program allows you to make energy efficient improvements to your home using PACE (Property Assessed Clean Energy) financing.  PACE pays 100% of your project’s costs which you repay over a term up to 20 years via an assessment on your property tax bill.   Approval is not based on your credit score, but rather the equity in your home. The requirements are a minimum of 15% equity in your home, no bankruptcy or foreclosures in the past 36 months, and you must be current on your mortgage and property tax. In some cases, payment can be deferred for up to 18 months with this program.   The minimum purchase amount is $5,000.





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