HVAC Financing Options for Bay Area Homeowners

A new HVAC system isn't like buying a toaster. It's more like buying an appliance + a small renovation + an energy upgrade all rolled into one.

For many Bay Area homeowners, that leads to one big question: How do I actually pay for this?

The good news: you have multiple options beyond just paying cash upfront.

Financing Options Available

1. Cash Payment

• No interest, lowest total cost
• Requires having savings available
• No ongoing payments or obligations

2. 0% Interest Financing Through HVAC Contractors

• Offered by many Bay Area contractors including Galaxy
• 24–60 month terms
• Available for credit-qualified customers
• The interest saved makes this attractive for many homeowners

3. PACE Financing (Property Assessed Clean Energy)

• Low-interest government-backed loans
• Specifically for energy efficiency upgrades like heat pumps
• Special programs available in various Bay Area counties
• Often has favorable terms for qualified homeowners

4. Home Equity Line of Credit (HELOC)

• Often lowest interest rates if you qualify
• Uses your home's equity as collateral
• Flexible payment terms
• Ongoing access to credit

5. GoGreen Financing & Similar Energy Lender Programs

• Specialized financing for heat pumps and renewable energy
• Often paired with rebate programs
• May have special rates for energy-efficient systems
• Combines financing with incentive tracking

6. Credit Card

• Offers instant payment
• May have rewards or cash back
• Higher interest rates than other options
• Best for smaller upgrades only

The Math Behind Each Option

Example: $16,000 System

0% Financing for 60 months:

• Monthly payment: ~$267
• Total paid: $16,000

Credit card at 20% APR:

• Monthly payment: $400+
• Total paid: $20,000+
• Extra cost: $4,000+

HELOC at 6% for 10 years:

• Monthly payment: ~$189
• Total paid: $22,680
• Extra cost: $6,680

Which Option is Right for You?

• Best overall: 0% contractor financing (no interest, simple process)
• Best for energy upgrades: PACE financing (government-backed, energy-focused)
• Best rates if you qualify: Home equity line of credit
• No credit needed: Cash payment
• Fastest approval: Credit card (though highest interest rate)

Next Steps

At Galaxy Heating & Air Conditioning, we offer 0% financing options and can help you explore PACE and other Bay Area-specific programs. Contact us to discuss which financing option works best for your situation.