A/C Unit & HVAC Financing For Good & Bad Credit

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HVAC Financing - No Credit Check & Bad Credit

With many areas of the United States experiencing sultrier summers and chillier winters, there’s never been a better time to install a new heating, ventilation, and air conditioning (HVAC) system in your living space. But, depending on the size of your home and how many rooms in which you want to control the temperature, HVAC systems can be incredibly expensive. Fortunately, HVAC financing plans make it possible for people to purchase new heating and air conditioning systems even if they’re strapped for cash.

If you’re interested in learning more about home heating and A/C unit financing, here’s an overview of everything you need to know.

How does HVAC financing work?

In many parts of the US, an HVAC is not a luxury but a necessity. The weather can often be below freezing for long periods in the winter and hot and humid in the height of summer. Okay, not everywhere has both, but few areas have a truly temperate climate all year round. So when the HVAC goes phut, what do you do?

With a new system costing anything from $5,000 to $10,000 or even more, what do you do if you simply haven’t got the money put by. The only answer is to seek financing.

There are four main types of credit you can apply for:

Personal Loan

Taking out a personal loan is a common way of financing all sorts of expenditure. If you have a good credit rating and are happy about the repayments, a personal loan can be simple to apply for and one of the cheaper forms of finance. There will probably be an origination fee, but interest rates are likely to be competitive.

Credit Card

When you need a new air conditioning or heating, ventilation and air conditioning system, a credit card can be the simplest way of finding the money. Given a sufficient credit limit, there’s no problem, and you might benefit from cash back or a 0% introductory period. Just be aware that if you don’t pay it back quickly within an introductory period, you can quickly get into financial difficulty.

Home Equity

If your home has gone up in value since you bought it, you might qualify for a home equity loan. It is basically a second mortgage, and the security is provided by your home. This means the interest charged is likely to be rather less than that for an unsecured loan. Make sure there aren’t unexpected fees involved.

Like a credit card, a home equity line of credit (HELOC) is another option for those with equity in their homes. This is another case where your home is used as collateral, so interest rates should be low, but you could be in trouble if you default.

Rather than either of these, you might consider a flat cash-out refinance package which involves borrowing the money to pay off your original mortgage and borrowing enough extra to pay for the HVAC upgrade. Make sure you understand the fees involved before committing to such a move.

Loan Programs

You may be able to take advantage of a loan program such as that offered by the Federal Housing Administration. The FHA PowerSaver Loan program allows sums of up to $7,500 to be borrowed without using your home as collateral and covers “insulation, air and duct sealing, water heating, and upgrading or replacing heating and cooling equipment.”

Where can I find no credit check HVAC financing near me?

When it comes to securing financing for a new A/C or HVAC unit, there is no universal solution that works for every homeowner. Traditional borrowing is contingent on your specific requirements, your credit score, and your comfort level with paying interest. For unsecured loans that don't require collateral, your creditworthiness becomes the primary basis for approval. Accessing HVAC financing when you have bad credit can be challenging. The more money you need to borrow, the harder a lender may examine your financial standing and credit score.

But, there are alternative options for borrowing money for a new A/C or HVAC unit. At PrimeRates, we collaborate with a variety of lenders, each with their own set of requirements. We offer the convenience of comparing different HVAC loan offers from multiple lenders in one location, simplifying the process of finding a loan to suit your needs. Even if you need A/C or HVAC financing for bad credit, Primerates can connect you to lenders where these are not a factor in the decision to finance you. PrimeRates conducts extensive comparisons of numerous loans to provide you with the most favorable terms tailored to your specific circumstances and requirements.

Can You Finance a New A/C Unit?

Absolutely! Banks, personal lenders, and HVAC financing companies make it possible to pay for a new air conditioning unit over the course of several months or even years. It’s important to note, though, that only individuals who’ve demonstrated responsible use of credit in the past are likely to qualify for the best financing terms.

Can an HVAC system be financed?

There’s no reason why you can’t secure finance for a new HVAC system. You are improving your home, so a home equity loan is likely to be approved, and if you are eligible, it is unlikely a personal loan will be turned down. It makes sense to look for finance for such a purchase rather than using up all your savings. Just make sure the finance is affordable for you and your situation. Missed payments will have a negative impact on your credit.

How Can I Finance an A/C or HVAC Unit?

If you’re considering financing an A/C or HVAC unit, there are a number of routes you could take. Here are some of the most popular options.

  • Finance through the installer
  • Get a subsidized loan from your state of residence
  • Apply for a home equity loan to cover the cost
  • Charge it on a credit card
  • Apply for a federal grant if your income level is low

Can I afford a new A/C system or an HVAC system?

The affordability of a new A/C or HVAC system depends on your income and lifestyle. If you are already stretched financially, the extra burden of a loan might be too much. On the other hand, living without a temperature-controlled environment may not be an option. If your current system does fail, you may need to make sacrifices in other areas to pay for it.

How do I finance a replacement HVAC system?

The cost of an HVAC system depends on:

  • The equipment and sophistication of the system
  • Whether the whole system needs replacing or can the ductwork and so on be reused
  • The ease of installation

But whatever the details, it will likely be expensive, and most people won't be able to drop the cash in one go. That’s why many in this situation need to seek outside finance. 

How do I finance a replacement A/C Unit?

The same choices of finance are available for air conditioning units (A/C) as a full HVAC. Of course, the cost will likely be less, and you may not need to borrow so much. With this in mind, a credit card might be the simplest option if you expect to be able to pay off the amount quickly.

Do HVAC companies offer financing?

Due to the costs involved, many manufacturers and retailers offer their own finance packages or do so in partnership with a finance company. They don’t differ greatly from personal loans or credit cards, so check the details before signing.

Air Conditioning Financing Options Near Me

There’s no one-size-fits-all financing option for homeowners in the market for a new A/C or HVAC unit. Rather, the best payment option depends on your needs, your credit score, and how much interest you’re willing to pay. With that in mind, here’s a closer look at some popular options and how they work.

Personal Home Improvement Loans

Many modern lenders offer personal home improvement loans you can use to finance an A/C or HVAC unit. Here’s a look at three of the leading lenders and each of their advantages and drawbacks.


APR range 3.99% - 16.79% w/AutoPay1
Available loan terms 24 to 144 months1
Loan amounts up to $100,000
Time to fund As soon as the same day**
Fees Origination fee: None
Late fee: None
Prepayment fee: None
Credit needed 660+
Income needed n/a
Soft Credit Check? Varies
Best for Borrowers with good credit, long credit history, co-signers, debt consolidation, home improvements
Click “Check Rates” to apply to LightStream

» MORE: LightStream Personal Loans Review


APR range 9.95% — 35.99%
Available loan terms 24 — 60 months
Loan amounts $2,000 — $35,000
Time to fund As soon as the next business day*
Administration fees Up to 4.75%
Credit score needed 580; typical credit score is 600 — 700
Income needed No set income requirement stated
Soft Credit Check? Yes
Best for People with poor or bad credit, debt consolidation
Click “Check Rates” to apply to Avant

Among the internet’s leading lending platforms, Avant offers borrowers with less-than-stellar credit access to loans for HVAC units, whereas most banks would turn these applicants away.

  • Loan Amounts — $2,000 to $35,000
  • APR — 9.95% to 35.99%
  • Origination Fee — 4.75%
  • Time to Funding — Next day
  • Repayment Terms — 2 to 5 years
Pros & Cons
  • Avant is among the best for people with credit scores as low as 580
  • This lender charges late fees and administrative fees
  • Loan payments are flexible, and you only need an annual income of $20,000 to get approved
APR range: 34% – 155%
Available loan terms: 6 months to 5 years
Loan amounts: $1,000 to $10,000
Time to fund: Usually 1 business day
Origination fee: None
Credit needed: No minimum
Income needed: No minimum
Best for: Borrowers with poor credit
Click “Check Rates” to pre-qualify and receive a personalized rate.

NetCredit is an online lender that considers more factors than simply an applicant’s credit score when determining whether or not to issue them a home improvement loan.

  • Loan Amounts — $2,000 to $10,000
  • APR — 34% to 155%
  • Origination Fee — None
  • Time to Funding — 1 to 3 days
  • Repayment Terms — 6 months to 5 years
Pros & Cons
  • NetCredit is a great option for applicants with poor to average credit scores
  • Homeowners with decent to excellent credit scores will get better rates elsewhere
  • On-time payments with this lender can help homeowners with bad credit improve their scores


APR range 7.99% — 35.89%
Available loan terms: 36 and 60 months
Loan amounts: $1,000 — $50,000
Time to fund: One day
Origination fee: 1.5% – 6%
Credit score needed: 620
Income needed: n/a
Soft Credit Check? Yes
Best for: Those with a steady income
Click “Check Rates” to apply to Upgrade

Upgrade specializes in low, fixed-rate loans that borrowers can use for major purchases, home improvement, debt consolidation, or to refinance balances on existing credit cards.

  • Loan Amounts — $1,000 to $50,000
  • APR — 7.99% to 35.89%
  • Origination Fee — 1.5% to 6%
  • Time to Funding — 1 day
  • Repayment Terms — 3 to 5 years
Pros & Cons
  • Upgrade loans are a solid option for applicants with below-average to decent credit scores
  • Many borrowers choose Upgrade because the lender makes it easy to consolidate debt
  • You’re not likely to get approved if you have less than $800 left over at the end of each month

Credit Cards

Some individuals might choose to use a credit card to pay for a new HVAC unit, either because they don’t qualify for any other options or because they want to capitalize on the rewards credit card companies offer, such as points or frequent-flyer miles.

Pros & Cons
  • If you have good credit, you could qualify for a promotional APR of 0%
  • APRs with credit cards are typically far higher than personal loans and lines of credit
  • You could accumulate a tremendous amount of points or miles depending on the credit card

Lines of Credit

If you’ve developed a substantial amount of equity in your home, or if your personal bank account is in good standing, you may qualify for a home equity line of credit or a personal line of credit to cover the costs of an HVAC unit.

Pros & Cons
  • APRs on lines of credit are typically lower than rates with credit cards and personal loans
  • If you miss payments on a home equity line of credit, you could potentially lose your home
  • You could end up “underwater” depending on the value of your home and market conditions

Manufacturer Financing

Many HVAC manufacturers and installers offer their own in-house financing options, making it easy for homeowners to handle installation, maintenance, and financing all through a single company. But are these arrangements really a good deal?

Pros & Cons
  • HVAC companies are more likely to approve applicants with bad credit just to close the deal
  • Interest rates with manufacturers are generally higher than personal loans and lines of credit
  • Financing directly through the manufacturer or installer eliminates the middleman

How do people afford a new HVAC system?

Affording an HVAC system may be an expense you have time to prepare for or one that heats up your finances by surprise. Maintaining our home and ensuring we have a safe and comfortable place to live is important. While some homeowners might not be so open about the financial stress of installing or repairing that powerful HVAC of theirs, we are. Here are some ways people afford a new HVAC system.

1. Home improvement loan

Home improvement loans (also known as personal loans) are commonly used for larger, but not major home improvements or repairs, such as HVAC. The appeal is that they usually do not require collateral and can be funded rather quickly. To further the appeal, in most cases, they are repaid in fixed monthly installments with interest and no prepayment penalties. The online marketplace for home improvement loans is growing, adding yet another attraction for those in need of HVAC financing – explore home improvement loan offers at PrimeRates now with no credit score impact.

2. Financing options through HVAC companies or contractors 

Some HVAC companies or contractors may offer payment plans or financing options. In most cases, they will partner with third-party lending platforms or lenders to help customers with financing. This helps them capture more deals while offering their customers convenience. There may be incentives or fees for the HVAC company or contractor, though, which can impact the cost you are quoted. Additionally, they may try to focus on the monthly payment rather than the total cost of the HVAC. Comparing estimates based on the total cost of the HVAC is important, as is comparing loan offers on the basis of the total loan cost. If you need financing, you may not be stuck with using an HVAC installer that offers financing. By understanding your options you can expand your options. 

3. Savings 

Saving money… some of us are better at it than others. Some homeowners know an upcoming HVAC install is ahead, while others do not. Whether you have time to save the cash or have the savings on hand, you might want to consider using it. However, just because you have the cash does not mean that financing is not an option. Maintaining a healthy savings account is important for emergencies or needs that arise without a financing option.

4. Borrowing against their home

Secured loans can require homeowners to borrow against the equity of their home, thus using it as collateral. Loans such as a home equity loan can be used for a new HVAC. Compared to a home improvement loan, a secured loan can involve more risk for the borrower, and it can take longer to obtain. Therefore, they’re often reserved for major home improvements or repairs. 

How does financing work in HVAC?

While there are different types of HVAC financing, in general, the borrower is funded with the money upfront that’s repaid in monthly installments with interest. Most homeowners use an installment loan to finance HVAC work, including the equipment, labor, and disposal of the old HVAC. The installment loan is usually not backed by collateral. HVAC companies may offer in-house financing or partner with lenders or lending platforms to connect customers to financing options. Alternatively, individuals can pursue their own HVAC financing in the form of a home improvement loan (aka personal loan). In some cases, homeowners may use secured loans, too, such as a home improvement loan. In most cases, though, the borrower will receive funds. The borrower can then pay the HVAC company or professional and or purchase equipment. The funds are then repaid to the lender, typically in monthly installments with interest. In some cases, the lender may pay the HVAC company or professional directly. 

Is it better to finance or pay cash for HVAC?

Ultimately, what’s best will depend on your situation, needs, and what’s most important to you. Paying cash is usually a cheaper option. Some HVAC companies or professionals may be willing to offer discounts for cash customers. However, if you use financing in which you are funded a lump sum, you can appear to be a cash customer and take advantage of discounts. The downside to financing is usually the interest and fees associated. For example, if you borrow $10,000, you may end up paying much more by the end of the loan repayment period. As you evaluate whether paying cash or financing is best, consider your budget and total loan costs associated with financing. This can help you decide if it’s better to pay cash if that’s even an option. Just because an individual has the cash available does not mean it makes sense to use it toward purchasing HVAC. Ensuring you have a healthy savings account is an important component of being financially responsible.

Is leasing an HVAC system worth it?

While we can’t speak to the offer you’re considering, what we can say is be sure to evaluate the short and long-term appeal of the leasing offer. Leasing an HVAC might catch your attention thanks to a low monthly payment, but it may end up costing more in the long run. If you have bad credit, this might be an option to consider. 

What credit score is needed to finance HVAC?

Credit score requirements can vary depending on several factors, such as the lender’s requirements, the loan amount, the type of financing, and so forth. The more money you need to borrow, the harder a lender may examine your financial standing and credit score. Additionally, if the loan does not require collateral, it’s likely based solely on your creditworthiness. Some lenders specialize in subprime loans (loans for bad or fair credit borrowers), so you may want to connect with a subprime lender if you fall in this category. Offers are more likely to be returned for borrowers with good or excellent credit scores. At PrimeRates, we partner with various lenders that have various requirements. Take advantage of the ability to shop various lenders in one place and check HVAC loan offers at PrimeRates

What time of year is the cheapest to buy HVAC?

From pricing to availability, the fall through spring are the best seasons to buy HVAC. During the winter, HVAC professionals will likely be occupied working on heating systems. During the summer, HVAC professionals will likely be occupied working on cooling systems. Manufacturers may use historically slower months to offer incentives on HVAC systems to clear inventory for new models. This, too, can contribute toward landing a better deal.  

While some HVAC repairs or installations can’t wait, some can. Before sacrificing comfort for money, you might want to try to estimate the potential savings of waiting for the fall through spring months. You can do this by talking to friends who may have recently purchased HVAC systems during various seasons or directly asking HVAC professionals what might make the most sense. For heating and cooling system repairs that may not require professional installation, you may still find better deals on systems such as wall units during historically slower months. For example, for a window air conditioning unit, colder months may be slower for sales, so you might be able to land a great deal. 

Getting the best deal or one you find value in is important for most of us. However, be mindful of the amount of time you spend trying to hunt down the best deal. To reduce the amount of stress you’re carrying, commit to finding a fair deal and getting the job done right.

Is it cheaper to repair or replace an HVAC system?

Whether it's more cost-effective to repair or replace an HVAC system depends on the age of the system, the extent of the damage, its efficiency, and your long-term goals. In some cases, minor repairs can extend the lifespan of your HVAC unit and be more budget-friendly in the short term. But, if your system is old, inefficient, and needs frequent repairs, it may be more economical to invest in a new, energy-efficient HVAC system that saves you money on energy bills and reduces long-term maintenance costs. Consulting with a qualified HVAC technician can help you make an informed decision based on your specific situation.

How often do you need to replace your HVAC system?

The frequency of HVAC system replacement depends on the type of system, its maintenance, and its overall condition. Here are some general guidelines:

  • Furnaces: Gas furnaces typically last 15-20 years, while electric furnaces can last longer, up to 30 years or more with proper maintenance.
  • Air Conditioning Units: Central air conditioning units generally have a lifespan of 15-20 years, although well-maintained units can last longer.
  • Heat Pumps: Heat pumps can last 15-20 years or more, with regular maintenance.
  • Boilers: Boilers tend to have a longer lifespan, often ranging from 20 to 30 years.
  • Ductless Mini-Split Systems: These systems can last 20-30 years or more with proper maintenance.

Have your HVAC system regularly inspected and maintained by a qualified technician. It can extend the lifespan of your system and ensure it operates efficiently. Climate, usage, and the quality of installation also determine when a replacement is needed. If your system is older, experiencing frequent breakdowns, or becoming less energy-efficient, replace it with a more efficient model. Consult with an HVAC professional for a more accurate assessment of your specific system's condition and replacement timeline.

Do HVAC companies just want to sell me a new system instead of fixing mine?

Not all HVAC companies prioritize selling new systems over repairing existing ones. Their approach may differ. To ensure you receive fair and honest recommendations, consider getting multiple opinions and quotes from different HVAC companies. Look for companies with a strong reputation, positive customer reviews, and a history of providing reliable service. A trustworthy HVAC company will prioritize your comfort, safety, and budget while offering solutions for your specific needs.

Reputable HVAC companies prioritize customer satisfaction and long-term relationships. They aim to provide cost-effective solutions, which may include repairing systems when feasible. Trained technicians with the proper expertise accurately diagnose problems and offer solutions that may involve repairs rather than replacements. The age and overall condition of your HVAC system influence their recommendations. 

Older systems with frequent breakdowns may be more cost-effective to replace in the long run because repairs can become expensive and unreliable. Repairs may be a short-term solution, but if the system is outdated and inefficient, a new system can lead to long-term savings on energy costs. Trustworthy HVAC companies provide clear explanations of your options and the associated costs. They should communicate the pros and cons of repairing versus replacing your system and let you make an informed decision. Regular maintenance can extend the life of your HVAC system. HVAC companies offering maintenance services aim to keep your system in good working condition and may catch issues early, reducing the need for major repairs or replacements. 

What is a commercial HVAC system and why are they so expensive?

A commercial HVAC system is designed to provide climate control for larger commercial and industrial buildings, like offices, warehouses, factories, shopping centers, and more. These systems are more complex than residential HVAC systems due to the larger space they need to regulate and the higher demands placed on them. These factors contribute to the higher cost of commercial HVAC systems:

  • Size and Capacity: They require larger equipment and more ductwork to cover extensive areas.
  • Complexity: They manage different temperature zones, air quality, and humidity, requiring advanced technology.
  • Customization: Each system is tailored to a building's specific size, layout, and usage.
  • Energy Efficiency: Compliance with strict energy standards leads to higher initial costs but long-term savings.
  • Durability and Reliability: Built to operate continuously, they use high-quality, costly components.
  • Maintenance Needs: Regular servicing ensures performance and longevity, adding to overall expenses.
  • Regulatory Compliance: They must adhere to local and national building codes.
  • Installation Costs: Installation is labor-intensive, requiring skilled technicians.
  • Lifecycle Costs: The total cost includes the initial investment, maintenance, and energy use over its lifespan.

These factors make commercial HVAC systems a significant investment, but one that can offer long-term benefits in efficiency and functionality.

How is an HVAC system for commercial use different than a residential system?

Commercial HVAC systems differ significantly from residential systems due to the unique requirements of commercial and industrial buildings with a focus on efficiency, customization, and adherence to regulations, differing significantly from residential HVAC systems in these ways: 

Size and Capacity: They are larger and more powerful to cover the extensive space of commercial buildings.

Complexity: Commercial systems require advanced zoning and climate control, featuring multiple units and sophisticated control systems for temperature, humidity, and air quality.

Customization: They are tailored to each building’s size, layout, and usage, unlike the more standardized residential systems.

Regulatory Compliance: Commercial systems must adhere to stringent building codes and regulations, including safety, ventilation, and energy efficiency standards.

Maintenance and Servicing: These systems need more frequent professional maintenance due to continuous operation.

Energy Efficiency: Designed to meet higher energy efficiency standards, commercial HVACs can have higher initial costs but offer long-term savings.

Noise Reduction: They operate quietly, a crucial feature for commercial work environments.

Ductwork and Air Distribution: Commercial HVACs have more complex duct systems for efficient air distribution.

Control Systems: Feature advanced controls for precise temperature management in different zones, compared to simpler residential thermostats.

Durability and Reliability: Built for continuous operation, commercial systems are robust and reliable.

Installation Complexity: Installation is more labor-intensive, requiring skilled technicians.

If you’re looking for HVAC no credit check financing, don’t sweat it. Let us assist you. We sift through numerous lenders to find the most favorable terms so you can access no-credit check heating and cooling financing options. Discover the ideal financing solution for your new A/C or HVAC unit by applying at PrimeRates today.

Apply for an HVAC & A/C Loan

If you are seeking finance for a new HVAC or A/C system, we’re here to help. We compare hundreds of loans to offer you the best terms for your circumstances and needs. Click here to find the funding you need today.


Now that you know the basics of financing A/C and HVAC units, apply for a loan with any of the above lenders or the other companies featured on our site. You might even qualify for no credit check HVAC financing with the right lender. In any case, these financing options can help you and your family beat the heat in the summer and stay warm in the winter.

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