HVAC Financing in Memphis, TN: Payment Options for Repairs and Replacements

Q: Can I finance an AC repair, or only a full system replacement?

Both can be financed. Conway Services offers financing through third party lending partners on qualifying work across heating, air conditioning, plumbing, and electrical, and that includes larger repairs as well as full system replacements. Whether a specific repair qualifies depends on the scope of the job and the lending partner's approval, which the technician can confirm at the time of the quote.

Q: How do I apply for financing with Conway Services?

Applications are submitted directly to the lending partner, not to Conway Services. The usual order is to get the written quote first, then apply for the amount you need, then schedule the work once the amount is approved. The application is paperless. You can also call 901-248-1961 and a Conway Services representative can walk you through which plan fits the job.

Q: What credit do I need to qualify for financing?

Approval is the lending partner's decision and is based on the lender's own criteria, not Conway Services'.

Q: How much does a new HVAC system cost in Memphis?

According to ARS, a complete residential HVAC system replacement typically ranges from about $12,000 to $16,000, depending on system type, home size, and installation requirements. A furnace-only replacement typically ranges from about $6,500 to $9,000 and a standard tank water heater typically ranges from about $2,300 to $3,500. These are ranges rather than quotes, and the actual figure depends on equipment efficiency tier, system size relative to the home, install complexity, and whether additional work like ductwork or electrical upgrades is required. Financing is available on qualifying work in all of these categories.

Financing Options

If you need a new heating or air conditioning system, a new water heater, or sewer line repair, you don’t have to wait. Conway Services offers flexible financing so you can take care of your Memphis-area home now and pay for it over time, without draining your savings.

Checking your options takes only a few minutes, and seeing your estimated monthly payment won’t affect your credit score.

Check Your Financing Options

How financing works through our partner, GoodLeap

We have partnered with GoodLeap to offer flexible payment options for your project. GoodLeap uses a soft credit check until funding and the highest score from all three bureaus to see if you qualify. It also takes just a few minutes to get started.

When you check your options, you’ll be able to enter the amount you want to finance and view up to three loan products side by side, each with an estimated monthly payment. There’s no obligation: this is most often used as a pre-approval, and you can adjust the loan product and the actual amount financed later, during the contract phase with your Conway Services technician.

Why finance your Mid-South home comfort project?

Memphis and the surrounding Mid-South see real extremes: hot, very humid summers that lean hard on your air conditioner, and winters cold enough that a reliable furnace matters. When a system that’s worked for years finally gives out, a full replacement can be a significant, unplanned expense. Financing turns that one large bill into a predictable monthly payment that fits your budget.

Predictable monthly payments sized to your budget
No down payment required to get started
A simple application with a credit decision in minutes
Special financing options made available on qualifying projects
Apply online before your appointment, or on the spot with your technician

What you can finance with Conway Services

As the Mid-South’s full-service home comfort provider since 1990, Conway Services can help you pay over time for nearly any major project, not just emergencies:

A Mid-South name homeowners have trusted since 1990

Conway Services has been a trusted source of home comfort throughout the Mid-South since 1990. Our HVAC technicians, plumbers, and electricians are fully background checked and drug tested. Every job is backed by our Exceptional Service Guarantee, with honest, upfront estimates and no hidden fees — the same standard we bring to financing, so you always know what to expect before any work begins.

Ready to get started?

See your estimated monthly payment in just a few minutes, with no impact to your credit score. When you’re ready, our team is available seven days a week to answer questions and schedule your service.