Spread a furnace replacement over 12, 24, or 60 months.
The average furnace replacement in Indianapolis runs around $7,200, and the average AC replacement isn't far behind. Most households don't have that in checking. That's why we offer financing through three established lending partners — Synchrony, Wells Fargo, and Service Finance Co. — covering everything from short-term no-interest promotional terms to longer fixed-rate plans for larger projects.
None of the financing happens through Northway. We are not the lender, we don't see your credit report, and we don't share in the interest. We act as the merchant of record — your contract is between you and the lender, and the lender sends us the install funds. The advantage of using one of our partner programs is the soft credit pull, the same-day decision, and the fact that the paperwork is built into the same tablet your tech uses for the quote.
Our financing partners.
Synchrony.
Synchrony runs our short-term promotional financing. The most common offer is 12-month no-interest-if-paid-in-full on installs over $3,500. If you pay the balance before month 12, you pay zero interest — same as cash. If you don't, deferred interest applies from the purchase date. Synchrony also offers 18-, 24-, and 60-month fixed-rate plans for larger projects or longer terms. Soft credit pull, decision in under 5 minutes.
Wells Fargo.
Wells Fargo provides our longer-term fixed-rate financing — typically 60-month terms at competitive APR, good for full-system replacements where stretching the payment further makes the monthly number manageable. No promotional zero-interest period, but a more predictable monthly bill from month one. Decision often takes a few hours rather than minutes.
Service Finance Co.
Service Finance is our specialist HVAC lender. They tend to approve a wider credit range and offer slightly more flexible terms, including longer 84-month plans and lower minimum credit thresholds. Useful when Synchrony or Wells Fargo don't quite fit. Decision usually same day.
What you'll need to apply.
- Legal name + date of birth
- For credit verification
- Social Security number
- For credit pull
- Current employer + monthly income
- For debt-to-income
- Housing status + monthly housing cost
- Own or rent
- Government-issued ID
- Tech verifies at install
What approval looks like.
Soft credit pull. Decision in under five minutes for most customers (Synchrony and Service Finance). Same tablet as the quote — the tech walks you through the application, you e-sign in the basement, and the approval comes back before they've finished pulling tools. Signed financing paperwork is completed day-of-install on the same tablet.
Federal IRA tax credits + utility rebates.
The federal Energy Efficient Home Improvement Credit (Section 25C) went into effect with the 2022 Inflation Reduction Act and was significantly expanded for tax years 2023 and beyond. For high-efficiency HVAC, the credit returns 30% of equipment-and-install cost (excluding labor on some categories) up to category caps. Common caps:
- Qualifying high-efficiency furnace
- Up to $600 credit
- Qualifying central AC
- Up to $600 credit
- Heat pump (separate cap)
- Up to $2,000 credit
- Per-year total HVAC credits
- $3,200 cap
At the state-utility level, Citizens Energy and IPL (now AES Indiana) both run rebate programs for 95%+ AFUE furnaces, 16+ SEER air conditioners, and ECM blower-motor upgrades. Typical rebate ranges $300–$600. We file the paperwork with you at install time.
Stack a $600 federal credit with a $500 IPL rebate on the right Carrier two-stage furnace install and you've shaved $1,100 off a $7,800 quote. That's real money.
Apply through Synchrony → Apply through Wells Fargo → Talk to us about which option fits
Frequently asked.
Do I need perfect credit?
No. Our partners approve a range of credit scores. Promotional offers like 0%-interest financing typically need fair-to-good credit; longer fixed-rate terms accept lower scores at higher APR. Service Finance tends to approve a wider range than the others.
Is there a hard credit pull?
The initial application is a soft credit pull (no impact to your score). If you accept a financing offer and complete the install paperwork, a hard pull may apply at that point depending on the partner — they disclose this clearly before you sign.
Can I pay it off early?
Yes. All three partners allow early payoff with no penalty. On 0%-interest promotional terms, paying off before the promo period ends keeps you in the no-interest tier.
Do you offer same-as-cash?
Yes — Synchrony's 12-month no-interest-if-paid-in-full plan is functionally same-as-cash for installs over $3,500. If the balance is paid before month 12, no interest is charged. If not, deferred interest applies from purchase date. Read the agreement before signing.