HVAC Guide

Setting Up Financing Options for HVAC Installations

Quick Answer

HVAC contractors offer financing via partners like Synchrony, GreenSky, or Wisetack with 1-8% dealer fees, present multiple tiers, apply via tablet in-home for same-visit approval, and lead presentations with monthly payment rather than total cost.

HVAC installations run $5K-$15K and most homeowners can't or won't pay cash. Contractors who offer customer financing close significantly more installs because the conversation shifts from 'can I afford this' to 'what's the monthly payment.' Setting up financing isn't complicated, but partner choice and presentation dramatically affect close rates.

HVAC financing breaks into three decisions: partner choice, dealer fee structure, and presentation. For partners, the dominant options are Synchrony, GreenSky, Wisetack, FTL Finance, and Service Finance. Synchrony has the broadest approval criteria; GreenSky is similar with sometimes-better terms; Wisetack is better for soft credit checks. Each has dealer fees the contractor pays per approved deal — typically 4-8% for promotional rate offers (like 0% APR for 12-24 months) and 1-3% for standard rate offers. The dealer fee comes from your install margin; price your installs accordingly. Most HVAC contractors offer two tiers: a promotional zero-interest option for shorter terms and a longer-term standard-rate option. Multiple options improve approval rates. Application happens via tablet or your tech's phone at the home — same-visit approval converts far better than 'apply online and we'll follow up.' Presentation matters enormously. Lead with monthly payment, not total cost. '$89/month for 60 months' converts better than '$5,400 total with 7.99% APR.' Display payment options prominently on your website's pricing or service pages.

Key Takeaways

  • HVAC installs run $5K-$15K; financing dramatically improves close rates.
  • Multiple financing tiers maximize approval rates.
  • Same-visit application converts far better than apply-online-later.
  • Lead presentations with monthly payment, not total cost.
How Pixlel helps

The website piece, handled.

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Frequently asked questions

What financing partners do HVAC contractors use?

Synchrony, GreenSky, Wisetack, FTL Finance, and Service Finance are the dominant options.

How much do HVAC financing dealer fees cost?

Typically 4-8% for promotional zero-interest offers and 1-3% for standard-rate offers.

Should I show financing on my HVAC website?

Yes. Visitors who see financing options before calling are pre-qualified mentally.

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