5 Ways to Save Money and Cover the Costs of Home Services

Even when you keep your home in excellent shape, you’ll eventually need to pay for home services. Since home repairs and replacement services will cost you money, you’ll likely want to know how to protect yourself from paying too much. Fortunately, you can often lower the cost of service with coupons, rebates, home repair insurance, and tax credits. To ensure you always receive the best deal on home services, check out these five tried-and-true ways to save money on home services.

1) Home Repair Insurance

One popular way homeowners protect themselves from unexpected breakdowns or repairs is with home repair insurance. In contrast to a standard homeowners insurance policy that usually covers replacement or repair costs due to natural disasters, like fire or storm damage, home repair insurance is much more extensive. Sometimes called home maintenance insurance, home repair insurance will cover the costs of wear and tear to your home’s major appliances and systems. Generally, these policies will cover the following items:

• HVAC units, like furnaces and AC units
• Indoor plumbing items, such as faucets, pipes, drains, and sinks
• Common appliances, including refrigerators, dryers, washing machines, microwaves, and dishwashers
• Cable and electrical lines, alongside other wirings systems

As you look for a home maintenance insurance policy, keep in mind that they don’t all cover the same types of repair or replacement services. Additionally, policies tend to put a limit on how much they’ll pay to repair or replace a certain item, meaning some home services might exceed your coverage amount. 

Perhaps most importantly, many home warranty companies make promises to their customers at the expense of service businesses leading repairs. As you might expect, service businesses often refuse these contracts. This process can leave you stuck paying for service from disreputable companies. Due to these differences in coverage, it’s important to carefully review multiple home repair insurance policies and select one that best fits your needs. A Bonney Beyond membership can help you cover these costs without the hassle of a warranty program. 

2) Home Service Coupons

Before you schedule a repair, it’s always a good idea to check if your service provider offers any coupons. With home service coupons, you can often save a significant amount of money on repair, replacement, and installation services. Some providers also offer home service discounts for particular groups of people, such as veterans or senior citizens. As a result, it’s worth the time to check with a potential home service provider about their available coupons or specials.

3) Tax Credits

If your old water heater has broken down or you want to upgrade your air conditioner, you may be able to save money with local, state, or federal tax credits. For example, the federal government offers tax credits to homeowners who replace old home appliances with more energy-efficient models. Come tax season, these tax credits can help increase your tax refund or reduce the amount of tax you owe.

Since you can often find new appliances and HVAC units that qualify for tax credits, you can sometimes save a significant amount of money by checking if a product qualifies before you make a purchase. You may also want to consult your home service provider about tax-credit-qualifying products—or check your local utility company’s website for available offers and rebates.

4) HVAC and Plumbing Financing

While financing options usually don’t lower the cost of service, they do make it easier to stay within your budget. When you receive financing for home services, you can pay for the service or equipment you’ve purchased over a set period instead of all at once. This ability to pay in set installments makes it possible to pay for a higher-priced service without having to break your budget or dip into your savings. 

5) Home Service Rebates

When you need to replace an old appliance, an easy way to reduce the cost is to take advantage of available rebates from the government. For instance, many water districts offer rebates for homeowners who purchase high-efficiency toilets, while the federal government currently offers a tax rebate on qualifying electrical vehicle charging stations. Essentially, these rebates give you the opportunity to earn money back after purchasing qualifying products, so it’s always a good idea to check for available rebates and consult your home service provider.

Besides looking for rebates from government entities, some home service providers offer home repair rebates after you sign up for maintenance contracts. For example, those who sign up for Bonney Beyond receive 15% savings, up to $750 off on all services. Besides this home repair rebate, Bonney Beyond membership provides priority scheduling, four annual inspections, and extended warranties to give homeowners exceptional service at an incredible price. Bonney’s HVAC team also offers an HVAC buyback program. We buy your old system for up to $2,500 with the replacement of a new HVAC system installed by our team.

Choose Bonney for Cost-Effective Home Services in Sacramento

If you’re looking for home services near you in Sacramento, California, Bonney has you covered. Due to our commitment to serving all of a homeowner’s needs, we offer wide-ranging services, such as drain and sewer, air conditioning, heating, professional indoor quality, electrical, and plumbing solutions. Alongside our many services, we offer home service discounts for qualified clients, coupons, and financing options. Our team can also help you receive any available rebates or tax credits, ensuring you never miss an opportunity to lower your costs.

Learn more about our Bonney Beyond membership to see how you can save money while keeping your home in excellent shape. If you’re interested in scheduling an appointment or have any questions, please contact us.