Is your old HVAC system costing you more than it's worth? In this episode of 'Electrical, Heating, & Cooling Insights by Peter,' we're diving deep into the lifespan of residential air conditioning and heat pump systems, typically 10-15 years. We'll uncover the key reasons why older units often need replacing, from major component failure and declining energy efficiency to the issues with outdated refrigerants like R-22. You'll learn the tell-tale signs of an aging system, common problems like strange noises or reduced performance, and discover the compelling benefits of upgrading – think significant energy savings, improved comfort, quieter operation, and even better air quality. If you're wondering whether to repair or replace, this episode will help you determine the most cost-effective and beneficial path for your home.