STanner,
I would get the highest SEER unit on the market. It'll pay back quicker
I have to disagree...Although a higer SEER rating will be more efficient, there is no guarantee that the higher cost will pay back sooner? Depending upon the cost of the higher SEER unit, it might even take longer to pay back the owner than the lower SEER rated unit.
The problem is that SEER does not translate to a specific or exact dollar savings. No company can or will guarantee that you will get your return on investment by any specific time frame because you have a higher rated SEER AC/Heat Pump unit.
When I purchased my first heat pump to replace my old 1976 unit at my old house, it was recommended that I get the SEER 11 rather than the SEER 12 unit because average payback time was better for the SEER 11 unit than the higher cost SEER 12 unit. Note that this was in the early 1990's and the highest SEER rating you could get then was about SEER 12.
That Heat Pump unit lasted about 12 years and I had to replace the unit with a now more affordable SEER 12 unit which was noticeably more efficient when comparing my electricity bills....:grin:
I have since sold that house and moved into a brand new home built in 2010, with much better insulation, E-Glass windowns, and will caulked and sealed and my electric bills have cut by more than half.
If your state allows you the option to pick your Electrical Service company, you can save a lot of money by simply changine to a company that offers a lower KW hour rate. When I first moved to my new house I quickly chose the same company that provided Electrical service at my old house. I was being charged between 10.5 to 13.5 cents per KW hour.
When I changed to a new Electric Service company for my second year at the new house I got a contract for 7.9 cents per KW hour...what a dramatic difference! My electric bills dropped from over $200 per month in the hear of the summer to about $175 last year when we had record setting hot weather with over 96 days in a row of 100+ temperatures.
I February of this year I renewed my service with the same Electric Service company by with a new lower rate of 7.5 cents per KW hour. It has not been as hot so far this year, but the highest electric bill I have received is only about $150 and I keep my thermostat set to 75 degrees, and I am retired so I am home most of the time. I don't have the option to turn the thermostat higher when I go to work.
My point is that you can often offset the extra cost of a higher SEER unit by simply adding additional insulation to your attic space, adding a whole house fan or attic fan, or adding higher efficiency E-glass, but only if you planned on upgrading these items anyway.
...Rich