@media screen and (min-width: 320px) { Price-wise, Lennox is not cheap but its also not expensive. *The above square footages do not include the area of the basement. However, it is important to realize that because there are so many factors that may impact this calculation, you will most likely not be able to take them all into account properly. Is it still in place now 2022? If youre looking to get some local quotes, you can use this form and get up to 4 free quotes for central AC units. .DarkAvg { insulation type and R-value (Calculated), AC Compressor Replacement Costs In 2023 ($700 to $3,400), 12 Most Energy-Efficient Portable Air Conditioners In 2023 (Based On EER), MrCOOL DIY Mini Split Reviews: Exactly How Good They Are? number of heat generating appliances Kitchens and laundry rooms have appliances that generate heat. One ton equals 12,000 BTUs. Good job! Just had an inspection done for 2850 sq ft home. Air conditioners are typically rated in two ways: cooling capacity and energy efficiency. Like my heat pumps they run at 1800-2400W in heating mode in Jan/Feb when it 10F outside, and at 300W when it 45 outside, keeping indoor temps at 76 Variable speed at work , Same with cooling, but I dont really like AC, so only turn them on, if its above 95 outside. Complete with installation, they can cost as little as $1,800. Its your home air system. Reliability And Lifespan (Good Brands vs. Bad Brands), Comparison Of Central Air Brands (Followed By Short Reviews), 2 Ton AC Unit Price, Square Footage, Models, 3 Ton AC Unit Cost, Coverage, And Specific Models, 4 Ton AC Unit Cost, How Big Area Do They Cover, Best Models, 5 Ton Central AC Unit Cost, Coverage Area Of 60,000 BTU, And Models. On top of that, they are the ones who developed and successfully marketed R410A; one of the most widely used refrigerants (in cooperation with Carrier). Right? Which are the best HVAC brands that produce central air conditioners? Despite the same dimensions, quality of insulation, ductwork, windows, and doors, the Michigan home needs a smaller tonnage unit than the house in Texas. There are: The cost of a Trane central air conditioner is understandably high. But hey, bigger is better! That means that the variable speed compressor Lennox uses will hold the temperature almost exactly as you set it. The cost of Lennox central air conditioners really depends on the SEER value. font-size: 18px; Depending on what your desired temperature range is will depend what size what size HVAC system you decide to get. Note: 2.5 ton AC units are quite a rarity. Professionals suggest choosing a central air conditioner based on the square footage of your home using these guidelines: Up to 1200 square feet requires a 1-2 ton air conditioner. .DarkTabForm { Take the total amount of square feet in your home. Variable speed / inverter compressors can increase and decrease output, based on load. She edited home repair and design content at websites like The Spruce and HomeAdvisor. All major central air conditioner brands produce 4 ton units. In general, you can roughly add $400-$700 for each additional ton, as the units go up in size. You can just buy a cheaper 1 Amp power supply for that. We allowed the compressor to cool completely before turning it on to cool off our too hot native Minnesotan. Moving Air Conditioner Unit Cost | MyCoffeepot.Org from media.improvenet.craftjack.io Unit sizes go up in half ton air conditioner room size calculator. Expect to need 60,000 BTU. The primary cost that, by itself, generates more than 50% of costs is labor. Heat Pumps are generally more efficient than traditional ACs, and with addition of a reversing valve, they can change the refrigerant flow when needed, and change from Cooling to Heating mode! If your split system includes central air and a gas furnace, the furnace size will range from 45,000 to 135,000 BTU. House square footage/ AC unit size estimate, 1,500 sq. HVACs that are too large waste energy as well. 700-1000 square feet = 18000 BTU per hour 12. width: 100%; We provide quality connections between homeowners who need HVAC help and top-rated pros who get the job done. .DarkSubmit { } The inside was replaced in 2017. Take two versions of the exact same home. 2,400 sq. .DarkTabForm { margin-bottom: 0; A single ton is the amount of energy (in BTUs) it takes to melt 1 ton of ice in 1 day. The smallest central air conditioning unit is 18,000 BTUs (1.5 tons), while the largest is 60,000 BTUs (5 tons). Ductless mini split systems provide targeting cooling (and heating) to a single room or a large area. The insulation in your home plays a major role in keeping heat out and cool air in during the summer and vice-versa in the winter. Thats it! Hathaspace Smart True HEPA Air Purifier Reviews, 4+6 Best Whole-House Dehumidifiers (Ducted, Portable), 4 Quietest Dehumidifiers (Best Bedroom Dehumidifiers): 52.1 dB Or Lower, US Office Of Energy Efficiency And Renewable Energy, check these certified HVAC installers and get up to 4 free quotes, Energy Stars Most Efficient Central AC Units In 2021 database, use this form and get up to 4 free quotes for central AC units. ), Home features that modify internal temperatures (i.e. It almost certainly did not cause any lasting harm to your equipment. The ideal solution to reduce electric costs related to air conditioning is to install a higher efficiency central air system (16 SEER or higher). Lets find out. The system capacity is almost always coded into the model number of the outdoor unit. What size AC unit do you need for a 3000 sq ft house? ft. 140K/60K is for a whole house about 3000+ sq. .DarkTabRight { Taking the 3 ton unit out and installing a new 4 ton unit is much more expensive. In older homes, many factors will skew this estimate, and you may require a larger ac unit size to cool your house, depending on the factors we will discuss. Lets presume that you will run an AC for 1000 hours (8.5 h per day for 4 summer months) and that the average cost of electricity is $0.1319 kWh (national average). padding: 30px 10px 40px; Ask your HVAC installer to a recommend a couple of brands he trusts. A Manual J calculation is like an energy audit of your home. padding: 10px 0 0 0; Up to 1500 sq ft. Here is another very quick and basic way to figure out the size of an AC unit based on the number of square feet in your house. They can generate 48,000 BTU of cooling output and are usually powered by 3,000+ watt power sources. The outdoor cabinet is typically placed on a concrete slab outside the home. However, when it comes to choosing a central air conditioner, a long-lasting and recognizable brand is the safer choice altogether: There is a reason why people Google Best Central Air Conditioner Brands more than Best Central Air Conditioners. As an Amazon Associate we earn from qualifying purchases. .DarkPrice { All Daikin units also come with proprietary ComfortNet digital thermostats that are easy to use and add to the energy-efficiency. .DarkSubmit { text-align: center; text-align: left; .DarkPrice { Given the various factors, we can use a simplified rule for AC tonnage coverage (rough estimates): Based on these numbers, we can adequately estimate the central AC tonnage needed to cool down certain square footage. An HVAC system costs $3 to $6 per square foot, including a new furnace, AC unit, and installation. Please let t me know what you think should I purchase a 4 Ton, m31?2 or a 3 Ton unit . Start Here - Enter Your Zip Code, See more about Remodeling Calculator team here. .DarkTabMSG { Hello. Will we be ok to make it through another summer where August, September can be 105 F+ for days on end? It is recommended to use this method if you are planning to replace the ductwork in addition to the AC unit. 2,100 sq. With the implementation of the new inverter technology, GSXC20 achieves an incredible 24.5 SEER rating. Furnaces are the most common type of heating system and work by forcing air through your home's ducts and vents to warm the house. Please see our. 2 ton AC units generate 24,000 BTU of cooling power. Insulation: how much of it and what type. Up to 2500 square feet, select a 3-4 ton unit. AC Unit for 3,000 Sq. SEER stands for Seasonal Energy Efficiency Ratio; it gives you an idea about how much it will cost to run any central air conditioner. } Reviewed by Eric Hinton You will need a 1.5 ton to 5.0 ton unit, either an AC for cooling along with a furnace or a heat pump that will both heat and cool. AC Unit for 4,000 Sq. They offer 1 line of central AC units in 2021: Coleman might not be the most well-recognized brand like Carrier or Trane, but they do offer their central AC units at budget-friendly rates. $429.00. To calculate the size of the unit you will need, you will need to know the square footage of the room or house. 2023 HVAC.com a Magenta Technologies LLC Company, All Rights Reserved, https://www.hvac.com/resources/what-is-seer-rating/, https://www.hvac.com/air-conditioners/high-efficiency-air-conditioners/, Homeowner survey: HVAC Charlotte, NC repair and cost, https://www.hvac.com/resources/hvac-charlotte-nc-repair-cost/, Geographical climate and average temperatures, Number and quality of exterior doors and windows, Home construction materials (i.e. Why should you choose Goodman or Trane central AC, if you can get some no-brand central AC unit for $2000 less? Goodman units are considered to be reliable, durable, albeit the older models are less energy-efficient. You should not trust an HVAC contractor who does a quick walk through your home, and gives you the AC tonnage your home needs just off the top of his head. in Kankurgachi, Kolkata. } Packaged AC systems are the all-in-one solutions for homeowners who need to conserve space or need flexible options for where the HVAC equipment can be installed. = 4.5 x CFM x h (std. 24,000 Btu's/12,000 Btu's per ton = 2 tons. How Many Square Feet Do 2, 2.5, 3, 3.5, 4, And 5 Ton Central AC Units Cover? Top AC brands include: Amana, Day and Night, Goodman Air, Carrier, Bryant, American Standard, York, Daikin, Mitsubishi, Maytag, and Heil. Packaged systems deliver cool air through the homes ductwork. The BTU of your HVAC system should be based on the square footage of your home, insulation quality, climate zone, and ductwork. iEng. While the square footage and makeup of your home will give you great direction on sizing your HVAC unit, we cant forget climate. To make sure we provide the most qualified technician, please share more about your needs. Frigidaire FFRE0833S1 8,000 BTU 115V Window Air Conditioner 3. font-size: 25px; My house is not cooling to 75 during the day like with the older unit but stays at 77/78 until 10:00. Central air conditioning systems made by good brands dont break down as much. display: block; {{ tocState.toggleTocShowMore ? color: #fff; Hope this helps. Even I learned a little, but mostly this helps to make sure people have useful model information which can sometimes be confusing. Much more efficient, powerful, and no need for ductwork. These systems include an outdoor unit and an indoor unit that work together to create the desired temperature and indoor humidity level for your home. .DarkZipBox { BTW, where are you located? The U.S. Department of Energy offers a guide to help homeowners easily determine their climate zone. All was insulated with roll in insolation and later blown in type over the roll in. 3.5 ton units generate 42,000 BTU of cooling effect. Even before purchasing a central air conditioner, it makes sense that you get the key information you need and talk to HVAC people competently (and not get fooled into choosing overpriced and malfunctioning central AC systems). There are significant differences in pricing, quality, durability and warranties offered by various HVAC manufacturers. The prices of 3.5 ton units with installation start at $2,000 and can reach as high as $6,400. height: 48px !important; Would you round up to a 5 ton unit? To find the square footage, multiply the length times the width of the rooms in your home, then add them together. font-size: 18px !important; This would have been a good idea 20 years ago, when electricity rates were cheap, and AC units used A LOT of energy to quickly cool off the space. Your local HVAC expert will also be able to guide you on the proper tonnage needed for your climate zone demands. Its also possible for a general contractor or energy consultant to complete the work. Proper duct sizing is related to the size of your home, airflow velocity, friction loss (loss of duct flow pressure) and the HVAC systems static pressure. The cooling capacity of an air conditioner is based on the numberin tonsof British Thermal Units (BTUs) it can remove in an hour.. I hope it could help,,,, Higher SEER AC units cost upwards of 50% more and do not always deliver the energy savings to make it cost effective. There are two units we use for AC capacity: To calculate how many ton central AC unit you need, you can follow the energy-conservative recommendation by EPA: 20 BTU per sq ft (or 0.0016 ton per sq ft).. Mini splits do not have this issue because the cold or hot air is produced right inside the room. Ft. 1845 Irving St NW, Washington, DC 20010. 4 ton AC units are quite big. Here is a list of the best 3 ton AC units in 2021: Similar to 2.5 ton units, 3.5 ton AC units are also a bit of a rarity. Before we get into sizing a residential central air unit, lets take a quick look at pricing. width: 39% !important; SEER stands for Seasonal Energy Efficiency Ratio and is the total amount of cooling provided during the entire cooling season, divided by the total amount of electrical energy used. How Much Does 500 Watts Cost Per Hour? They modified the gradient flow of ducts to flow properly from tower by raising them off the attic floor and changing two duct sizes. Anything with larger cooling capacity would be considered light commercial. The original installer was an alcoholic who did a poor job of installation. padding: 0 0 0 30px; Total newbie to central air, but my current unit has lasted for 11 years. How much do you know about it? It was established over 100 years ago (in 1913, just prior to WW1) and it has prospered ever since. However my recommendation would then be to get two 4-zone Fujitsu ductless mini split systems (36K each). In 2019 alone, a total of 5.65 million central AC units were sold in the US; that doesnt necessarily mean that 5.65 million homeowners were satisfied with their choice of central air. Today, new air conditioner units are energy efficient. padding-top: 2px; Some examples include: lighter colors reflect heat from the sun, brick absorbs and retains heat longer andvinyl sidingprovides good insulation. 200 Dan Tibbs Road NW Huntsville, AL 35806. Ft. Home: $4,689. An undersized unit will run overtime to reach your desired home temperature and consequently cause your unit to wear out quicker. Two installers went into the attic and suggested 4 Ton units like I already had. For a 3000 square foot home, you're likely going to need a larger system. Here is the comparison of prices of central AC units with different SEER: Those energy-savings from a +6 SEER rating in favor of Lennox XC25 make the Lennox XC25 a smarter long-term option from a financial standpoint. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. } . } Here is the full structure that will get you acquainted with ins and outs of central air: There is quite a lot of material to go through here. The formula I used to come up with the size I thought we needed was like this: ((2,350 x 25) / 12,000) + 0.5) = 5.39 my square footage was 1595.25. } color: white !important; You can get the smallest below 1 ton units (9,000 BTU mini-split) for as little as $2,400 (that includes the installation). Before sizing your air conditioner to your homes needs, determine what type of system you want to install. A 3000 square feet showroom is available at a price point of Rs 3,30,00,000. . SOLD FEB 10, 2023. #DarkTabMain { (1000-3000+ Sq Ft Homes), Thermostat Says Heat On But No Heat? The national average range for installing a cooling appliance in your home is between $2,000 and $9,000, with most homeowners spending around $5,000 for a 3.5-ton 16 SEER central air conditioning unit in a home with existing ducts. border: 1px solid #cecece; } 2,500-3,000+ sq/ft = 42,000-60,000 BTUs; . Well, for one, many of them have been in the business of producing air conditioners for 30+ years. Some of the most common factors include the model types (depending on the series), the weightage of the unit, the efficiency rating of the device as well as the location of the Trane dealer. But here are a few of our top picks for air conditioners that can effectively cool a 1000 square foot space: 1. . Thank you Sam, a compliment from an HVAC engineer means so much. This primarily depends on SEER rating and if you already have HVAC ductwork. 1300 sq.ft. We will get into these below, and show you a more accurate way to do the estimate. presence of sunlight or natural shade Other low-end smaller 2 ton central air conditioners can cost as little as $2,000. It costs around $150-$500. Keep in mind that this is the least accurate way to determine the proper central air system size for your home. Do you think its a good risk to take to wait to replace our unit and get a free 80% efficient heater? } This is a huge mistake, as the current unit that is being replaced may not be the right efficiency for your house. Another major benefit is that a mini split AC system can be installed DIY, which is not possible with central air. Dont settle for a ball park estimate based on a quick visual assessment, as it will not be accurate. Coverage-wise, 2 ton is enough to cool down: 800 sq ft in warmer climates. This is a decision that can cost, Thanks so much for this insight into the ac world. No basement. A unit thats too small for your home will cause the system to run constantly and leave you with an ever-rising energy bill. Lastly, it probably wouldnt hurt to run a camera through that duct work and clean out all the Natural Light cans youre installer no doubt left in there. .DarkTitle { Picking a new central air conditioner is the last job you want to get wrong. Then they are all added together to get the final result. .DarkSubmit { For a home that is 3000 square feet, you will need an AC unit that is at least 4 tons. As another example, to cool a two-room apartment (living room and bedroom) of 800 sq/ft, you would need a 16000 BTU air conditioner. If the house does not have a ductwork system, the cost of installing central air will skyrocket to as much as $8,000-10,000+. Im planning on replacing my 28 year old 4 Ton 5 Seer air conditioning unit and ducting. This is thanks to its premium unit, the XC25, with a whopping 26 SEER to boast! Thats why more than 93% of new homes come equipped with either central air or ductless mini-split AC units. Tonnage is the basic measurement of central air conditioner capacity. Good info, however It didnt really answer my question. Thank you for taking your time to advise us. Says the guy whose house is a brisk 68, in July but he has to run two dehumidifiers because the air conditioner doesnt run enough to remove the moisture from the air. Average 1-6 Person Home kWh Usage, Gas Vs Electric Water Heater Monthly Cost Comparison (State-By-State), Water Heating Costs For 1,2,3,4,5,6 Family Homes (State-By-State Analysis), Electric Water Heating Cost, kWh Usage Per Month (State-By-State RECS Analysis), What Is W2 Wire On Thermostat? Over 40% of all HVAC systems, including central air conditioners, fail due to incompetent, hack job installation. However, high SEER central AC systems are expensive, and are typically the more advanced Central Heat Pump type (18 SEER+ systems). Again, the primary difference that is visible to homeowners, is the ability to heat the house. Christmas Fiasco! float: left; The primary components, like the evaporator, compressor, and condenser, are stored in one cabinet. If you want to get a sense of how much AC tonnage your home needs, take a look at this heat zone map and ac sizing chart. The chart below can guide your BTU choice: The larger your home, the higher BTU youll need to support your comfort. As far as I can tell 908 sg ft is the original house and only has the blown in insolation. Did you say there is a tax credit for replacing our HVAC? I thought it was to easy to just t copy what I had,, one installer thought a 31/2 Ton would be perfect. By choosing an HVAC size based on square footage alone, you may purchase a unit thats too small or large for your needs, and that can come with a hefty cost. A 2000 sq ft house has a maximum requirement of 30,000 BTUs. The importance of a quality install cannot be overstated enough. This estimate is most accurate in new construction or newer homes that have proper insulation. You want to get as close to $2,000 as possible. Youll be left with a humid, sticky environment.Plus, theres an increased risk of mold growth inside the system and ductwork. .DarkZipBox { .DarkPrice { Installing central air for a 2,000 square foot home costs $3,100 to $7,800 or more. The costs of the Lennox AC units in the table below were calculated with a common average size of 2.5 tons of cooling. ft./3 tons The prices vary based on where youre located, installation difficulty, and the extensiveness of the ductwork (linear feet of aluminum ductwork). vertical-align: middle; Whereas modern central air units have an average rating of 16 SEER (seasonal energy efficiency rating), a typical ductless mini split has a SEER rating of 22, while high end models are rated at 33-40 SEER, in single zone installations. Plug it into the formula: ((2,350 x 25) / 12,000) 0.5) = 4.39. In 20 years, the total energy-savings are about $2,000. line-height: 1.6; text-transform: uppercase; As far as efficiency ratings go, a 16 SEER Heat Pump is just as efficient as 16 SEER traditional AC, and the size in TONs, which is required to cool your house is the same. Clearly and logically presented. With installation, a bigger 4+ ton Trane central air conditioning system can cost over $10,000. 3 ton is the most popular and common central AC tonnage. number of windows I live in Southern California.. } For example, any given central air unit size will cool about 200-300 sq.ft. If you need an AC that small, you are much better off going with a ductless mini-split system. line-height: 1.6; } What is so special about established brands like Goodman, Trane, Carrier, and so on? } The company Mitsubishi Group is a global conglomerated. border: 0px solid grey !important; Nearby homes similar to 2303 17th St NW have recently sold between $2M to $2M at an average of $555 per square foot. First, we provide paid placements to advertisers to present their offers. The only loss is a little bit in the line set, but its the same for central systems. While your mini split equipment may not look as attractive as invisible central air, you need to consider that you have a significant loss energy in the ducts of a central air system. font-size: 24px; font-weight: 500; To keep your family comfortable and avoid bank-breaking energy bills, were introducing the best way to answer, What size AC unit do I need?. Here is are the basic estimates of what area can 5 ton AC units cool down, depending on the climate: 5 ton units are one of the most expensive central air conditioning systems simply because they are bigger, need extensive installation, and can cool down larger areas. Price-wise, the Mitsubishi units cost less than AC units by other brands because they are smaller (up to 3 ton). When we will go through all the best central air conditioner brands, you will see the cost of installed units. font-weight: 600; See costs in your area That amount of power is usually enough to run the most critical household appliances as well as demanding electric tools. Using your calculation I come up with needed 2.2 tons for the AC Unit. They have been in business for almost 50 years (since 1975); currently, they are an independent subsidiary of Daikin Group. background: #f9f9f9; Residential air conditioners usually range from 1.5 to 5 tons (or, 18,000 - 60,000 BTUh). They have a big HVAC department as well. What tonage should I be at so I can be cool during the day but not run the risk of mold? Most homes need ACs that range from 18,000 to 60,000 BTUs. Energy-Efficiency Of Central Air Conditioners (SEER Rating). color: #3beebc; There are two types of Manual J calculations ( whole house and room by room) and your contractor will decide which one is best to do, depending on your particular situation. How many return air vents you need depends on your home's square footage. Get expert advice on your home, design tips, how much to pay for pros and hiring experts, delivered to you daily. padding: 30px 10px 40px; How Much Does Ethernet Installation Cost? We will also show you how to do a DIY estimate to figure out the right size for your central AC unit. For example, a 600-square-foot space requires a 12,000 BTU or 1-ton unit. They offer these mini-split lines in 2021: The key to extremely high energy-efficiency is the incorporating of Mitsubishis inverter compressor that is controlled by Kumo Cloud controller. Tom, Manual J calculation As you may have already guessed there are a number of important variables that will effect the size of the central air system your house requires. General rule 2: The further south you go, the more powerful central C unit youll need. font-family: 'Raleway', 'Open Sans', sans-serif; The company keeps telling me its not made to cool to 75 in 100+ temperatures but ive never had this issue and been here since 1996 (Note: Had new blown insulation in 2016). Samantha is an editor who covers all topics home-related including home improvement and repair. The color and type of material on your homes exterior can affect how much heat is absorbed or reflected. So a 5 ton really delivers only 4 tons of cooling (1 ton is lost in ducts). Start Here - Enter Your Zip Code. Because of this change in how the AC unit operates, its essential to get one that is just the right size for your house. There are several factors that can affect the cost of 3 ton AC units, such as location, house size, the SEER rating, and the brand itself. The inspector said that the rule of thumb is 1 ton per 500 sq ft and that he believes that the units could be insufficient. Choosing the right size air conditioning system for your home doesnt have to be complicated. Anderson Industrial Refrigeration Serv. Generally, you need 20 BTU for every square foot of space in your home. Many houses, especially older homes, only have one return vent in a central location, which works for a small house (about 800 square feet). The Forbes Home editorial team is independent and objective. } For example, you can roughly estimate one-ton per 750-1000 square feet, so a 2,000 square foot home may require a 2.0 - 2.5-ton unit. View Now First floor in the garage. the outside edge is 10 ft high then it goes up a little over 12 ft. Because of the high celling and the open beam it was suggested we have two registers and a return at a nearby hall way .this still remains the warmest room in the house. Thus, your final assessment may not be very accurate. The smallest AC unit 1 ton (12,000 BTUs) costs $1,300 $1,700. We dread the cost since inflation has struck due to the pandemic. In general, you should have approximately 1 ton of ac capacity to cool 600 sq.ft. Ductless air conditioners rely on a series of pipes to connect an outdoor unit to one or more indoor units to cool your home. Replacing a 3 to 5-ton AC unit costs $3,000 to $8,000 for a 1,500 to 2,500 square foot home. } .DarkTitle { Choosing the right size air conditioner for your home requires more than knowing the square footage. I love your info. Keep in mind if it is 80 outdoors the inside of your home will generally be several degrees warmer due to heat generated by people, appliances, etc. For a load like that, an air conditioning unit of 2.5 tons is enough. $1,396.23. Here is a list of the best 4 ton AC units with the highest SEER rating in 2021: Carrier and Bryant create the most energy-efficient 4 ton AC units with a 21.5 SEER rating. font-size: 23px; When youre buying a new central air conditioner, the first thing an HVAC guy will ask you is OK, how many ton AC are you looking to get?. The energy-saving rule depends on several other factors, like isolation, window space, sun exposure, ceiling height, and the climate zone youre in. There are a variety of cooling systems available, but well cover the three primary styles below. We actually have a function where you can reply to the comment of a particular person Under each comment, there is a Reply button/link. A well-insulated house will keep your air conditioning unit running more efficiently. width: 35% !important; This Florida-based company has more than 50,000 employees, makes almost $20 billion in revenue, and operates across the globe. border: 0px !important; . If you get an HVAC thats too large, expect to pay a hefty amount in upkeep. Then, look at the corresponding unit size. Using your formula I figured a total square footage in my home at 1595.25 sq ft. It is like buying a 5 Amp power supply to power a 0.5 Amp device. On the other hand, getting a system that is too small will not keep your house cool, so while you will save money, you will not have the optimal temperature control. You can your local HVAC company, ask for some quotes, and they will recommend you the central AC unit to use as well as calculate the coverage area you need, ductwork, and so on.
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