Oldness
Every electrical appliance has a specific lifespan, so does air conditioners. On an average an air conditioner with good maintenance can last up to 15 years. As your unit ages it becomes more and more rickety as a result repairing it becomes more and more costly. You will often see frequent malfunctioning of various parts. In such conditions, it is always wise to replace the unit. A rule that is very popular in the HVAC industry is that multiplying the repair cost by the age of the unit. If more than $5,000, replace; do not repair. This rule is popularly called $5,000 rule.
Timeline
The cost of repairing an A/c is at its peak in summer months when it is run continuously for 24X7. Most HVAC issues crop up at this time. The business of HVAC industry boom during this period, therefore their prices of repairs also shoot up. It is quite difficult to get a technician to inspect your unit. It is recommended to have an annual maintenance scheme for your air conditioner. The technician will come routinely at spring to tune up your unit before summer starts. They will ensure that unit will survive through the summer. If you have a maintenance scheme and your unit fails in summer, you will be entitled for emergency service. The technician would visit you the same day, you placed a service call with them.
Efficiency & Size
In 2006, a new HVAC rule came into effect for residential air conditioners, requiring all to have a Seasonal Energy Efficiency Ratio (SEER) of 13 or higher. If your unit is efficient, the snags and faults that will cop in it will be smaller and lesser. It will require fewer repairs and the bills will be trimmer. Moreover if the size of the air conditioner is big it would require more work to be done to it. Size is sadly one cost factor.