What is HVAC Financing and How does it work

What is HVAC Financing, and How Does It Work?

HVAC financing allows your clients to spread out the cost of their HVAC renovations and installs rather than paying it all at once.

HVAC financing benefits your business by allowing clients to proceed with a project. Whether it’s a furnace rebuild or a complete heating system installation, the expenditures may add up quickly. Financing arrangements can determine whether or not a project will be completed.

The exact financing option for HVAC improvements might save your company money by lowering credit card processing fees.

You can also determine which forms of quotations and bids are acceptable.

Most projects costing $1,500 or more are eligible, including:

  • Installation of a Water Heater
  • Registers and ductwork
  • Installation of a furnace and extensive repairs
  • Compressor units for air conditioning are being installed.
  • ductwork and ventilation installation
  • HVAC system as a whole
  • Gas and plumbing lines
  • Electrical components that power a home’s HVAC and mechanical systems
  • Saunas, hot tubs, and evaporative coolers
  • Humidifiers
  • Retrofits
  • Remodels and new additions, as well as other services.
  • Time Investment offers HVAC financing simple, accessible, and quick for businesses and their homes.

What can finance do for your HVAC company?


Time Investment allows you, the service provider, to provide homeowners who wish to continue forward with an HVAC renovation or installation, with affordable monthly payment choices.

This enables you to complete the transaction and expand your client base.

Increase your sales by:


According to a recent survey conducted by Discover Home Equity Loans, 75% of homeowners believe they do not have enough money set up for their next home improvement project.

You may increase your sales by encouraging these clients to hire you for their next HVAC job. Assist in the delivery of energy-saving HVAC solutions to satisfied customers.

Increase the size of your market

You may now provide monthly payment options to help clients avoid the significant upfront expenses that many homeowners are concerned about regarding HVAC repairs.

Differentiate yourself from the competition:

Financing for home renovations, particularly HVAC, is in high demand. You can assist your clients in moving forward and establishing your firm as their chosen choice.

You can improve the size of your sales, close more of them, and establish a loyal client base. It’s one of the essential techniques to boost your HVAC sales.

Expand your brand’s reach:

Offering HVAC financing can demonstrate that your organization is a one-stop shop for realizing their dreams.

Whether they’re updating their furnace, installing an air conditioner, conducting a significant remodel, installing new ductwork, or increasing their central home comfort systems, they may budget for it over time rather than fearing a considerable upfront expense.

Everything from strategy to building to funding can be included in a project. According to McKinsey & Company research, consumers have come to demand financing at the moment of purchase, according to McKinsey & Company research.

You may now provide them with this simple monthly payment option.

Is there a need for your HVAC services to be financed?


Clients may incur costs as a result of HVAC projects. Many homeowners are unaware of the actual expenses of installing a new smart thermostat, air conditioner, or bathroom redesign that would improve their comfort and quality of life.

Offering HVAC financing may make it easier for them to get started on the job. This is especially true if the improvement will help them increase the value of their home to sell it.

With more and more homes equipped with high-efficiency furnaces and air conditioning home comfort systems, service providers may increase service orders and allow customers to finance the installation and maintenance of their HVAC systems.

Also Read: Polaris Financing Basics

Financing Options for HVAC Systems in the Past

Your homeowners may have to utilize loans or credit cards to pay for your services if they do not have enough cash on hand.

If they are paid using credit cards, expect to pay an additional 2.5 percent to 3 percent of these projects to you, the business.

Appraisals, extensive income paperwork, inspections, and escrow periods are all required for some of these approaches to be used.

Personal Loans with No Security

Unsecured loans, which do not require any assets as security but come with high-interest rates, are offered by lending institutions and banks. They are personal loans that may be used for almost any occasion.

Time Investment Company can offer unsecured loans at lower rates than other lenders because of their unique direct contact with HVAC firms.

They don’t demand assets to approve homeowners with decent credit. Because of the volume of these direct loans, their rates are comparable to those of credit unions and fair credit lenders, and they provide loans for a wide range of credit score ranges and credit histories.

Loans against your home’s equity

This is a second mortgage based on the home’s worth and is in addition to the present mortgage debt. It does, however, come with a lot of effort to get accepted.

Going through these mortgage stages may be too much for a homeowner who is only replacing a heater or adding air conditioning.

Why Your Company Deserves Customized HVAC Financing

Simply by providing monthly payment options that fit them, you may capture more sales and convert more prospects.

Customers are satisfied with their new furnace, A/C cooling system, or other HVAC systems, and you are paid in full, right away, with the option of paying in easy monthly payments.

Why Choose Time Investment for HVAC Financing?

Time Investment is a family-owned business with over 40 years of expertise assisting HVAC service companies in offering monthly payment plans to their consumers. We are a non-discriminatory housing lender.

We assist you in providing monthly payment plans with low-interest rates and terms that your customers choose. We handle the documentation and the collection and servicing of payments. You may now go on to your next HVAC construction job with another delighted customer.

We’ve worked with over 2,000 businesses and provided over $775 million in successfully repaid loans—partner with a company that has a track record of assisting businesses in developing practical payment arrangements.

If you’d like to learn more about what a relationship with us can do for your company, please fill out the form at the top of this page, and we’ll get back to you with additional information.