Read on to learn more about elevator modernization costs.
Average Costs:
- Range: $75,000 to $250,000 per elevator
- Factors affecting cost:
- Type of elevator: Hydraulic elevators tend to be cheaper to modernize than traction elevators.
- Scope of modernization: Basic upgrades like control systems and door operators are less expensive than comprehensive overhauls including cabins and motors.
- Building size and complexity: More complex buildings with multiple elevators naturally incur higher costs.
- Location: Labor and material costs can vary depending on your region.
- Permits and inspections: Additional fees might be involved for necessary permits and post-installation inspections.
Breakdown of Costs:
- Control system: $12,500 average
- Door equipment: $5,000 to $15,000 per door
- Cabin modernization: $25,000 to $50,000
- Machine modernization: $50,000 to $100,000
Additional Considerations:
- Maintenance contracts: Some modernization projects include extended maintenance contracts for added peace of mind.
- Energy efficiency upgrades: Modernization can offer significant energy savings through newer technologies.
- Accessibility compliance: Updating elevators to meet current accessibility standards might be necessary.
Tips for Saving Money:
- Get multiple quotes: Compare prices and services offered by several qualified elevator modernization companies.
- Prioritize needs: Focus on essential upgrades instead of complete overhauls if budget is a concern.
- Consider phased approach: Break down the modernization into smaller phases spread over time if necessary.
- Seek government incentives: Some regions offer grants or tax breaks for energy-efficient upgrades.
Elevator Modernization In Arizona
If you are thinking about elevator modernization in Arizona, we can help! Arizona Elevator Solutions is your go to elevator specialists that can handle anything from elevator repair and maintenance to elevator modernization and upgrades. Get a free elevator modernization quote from Arizona Elevator Solutions today!