Substantial energy savings can be obtained from more efficient systems. For example by upgrading from SEER 9 to SEER 13, the power consumption is reduced by 30% (equal to 1 − 9/13). It is claimed that this can result in an energy savings valued at up to US$300 per year depending on the usage rate and the cost of electricity.
With existing units that are still functional and well-maintained, when the time value of money is considered, retaining existing units rather than proactively replacing them may be the most cost effective. However, the efficiency of air conditioners can degrade significantly over time