Are you trying to figure out how much a home furnace costs? Are you wondering if different furnaces come with different price tags? On top of all of that, do you know what style and features work best for your home’s needs and budget? These are all critical things to consider before making a purchase.
In this blog post, we’ll break down the ins and outs of what goes into a new furnace installation, from design details to installation fees, so that you feel equipped to make an informed decision on your home’s heating solution.
Read on for more information about the average cost of purchasing, installing, and maintaining a modern home furnace.
Types of Furnaces
The cost of a home furnace varies depending on the type of furnace you choose. Here is a breakdown of the average prices of different furnace types:
- Gas Furnace: The average cost of a gas furnace is between $2,500 and $7,500. The cost depends on factors such as the furnace’s efficiency rating, size, and installation requirements.
- Oil Furnace: The average cost of an oil furnace is between $2,000 and $8,000. The installation costs for an oil furnace tend to be higher than a gas furnace, as oil furnaces require special storage tanks and permits to install.
- Electric Furnace: The average cost of an electric furnace is between $1,000 and $3,000. While electric furnaces are typically less expensive than gas or oil furnaces, their operational costs tend to be higher.
- Propane Furnace: The average cost of a propane furnace is between $2,000 and $7,000. The cost depends on the furnace’s size, efficiency rating, and installation requirements.
Installation Costs
Professional furnace unit installation is crucial to ensuring that your furnace operates safely and efficiently. Professional installers have the expertise and knowledge to properly size, connect, and program your furnace for optimal performance. They can also identify any potential issues before they become costly problems down the road. Furthermore, professional installation ensures that the unit complies with local building codes. The average cost of professional furnace installation is between $1,500 and $2,500.
In addition to the cost of the furnace itself, you will also need to factor in any additional components or materials required for your new heating systems, such as ductwork, air handlers, thermostats, venting, or piping.
Factors That Affect the Cost of Home Furnaces
Several factors can affect the cost of a home furnace, including:
Size: The size of your furnace is another crucial factor influencing its price. A furnace that is too small for your home will not heat it adequately, while a furnace that is too large will consume more energy and result in higher utility bills. The approximate cost of different furnace sizes is as follows:
- 40,000 BTUs: $1,200 to $1,600
- 60,000 BTUs: $1,400 to $1,800
- 80,000 BTUs: $1,500 to $2,000
- 100,000 BTUs: $1,700 to $2,200
- 120,000 BTUs: $1,900 to $2,500
Efficiency: The furnace’s efficiency is measured by its Annual Fuel Utilization Efficiency (AFUE) rating. The higher the AFUE rating, the more efficiently the furnace converts fuel to heat. A more efficient furnace may be more expensive, but using less fuel will save you money over time.
Brand: The brand of the furnace can affect the cost as some brands have a reputation for being more reliable and durable. Branded furnaces usually come with better warranties and customer service, which can be reflected in the cost.
Installation: The complexity of the installation can also affect the cost. Depending on the furnace and the location, installation costs may vary drastically.
The size and type of the furnace directly affect the cost. A larger furnace for bigger homes will require, resulting in higher costs. For example, a small home may need a furnace with a 50,000 BTU heating capacity, whereas a larger home may require a furnace with a 100,000 BTU capacity, which will be more expensive.
The type of furnace also affects the cost. Gas furnaces are typically the most common type and more affordable than electric, oil, or propane ones. Electric furnaces are the most expensive, and their operating costs are significantly higher.
When purchasing a furnace, it’s essential to consider the size, type, and AFUE rating to determine the appropriate furnace for your home. When in doubt, consult a professional installer to ensure you get the right furnace for your specific needs at an affordable price.
Choosing the Best Furnace for Your Home and Budget
Are you thinking about replacing your old, outdated furnace? If so, you may have noticed a variety of furnaces on the market—each with its unique features and price points. How do you know which one is right for your home and budget?
Let’s consider some key factors when choosing a new furnace.
Budgetary Concerns
The most critical factor in selecting a new furnace is your budget. Before you start shopping around, make sure that you know exactly how much money you can afford to spend on this purchase. Once you have an idea of your budget, narrowing down your options and focusing on the furnaces within your price range will be easier. Don’t forget to factor in additional costs, such as installation fees, if you plan to hire professionals to install your new furnace.
Functionality/Features
Not all furnaces are created equal! When shopping around, pay close attention to each model’s features and functionality. Do you need something that’s energy efficient? Or perhaps something with superior air filtration capabilities? Ensure that any model you’re considering has all the features necessary to meet your heating needs. Also, remember that more advanced models tend to cost more than basic models, so make sure what you’re getting is worth the extra investment.
Efficiency Ratings/Fuel Source
When it comes to purchasing a furnace, efficiency matters! Certain furnaces may be better suited for your home than others depending on where you live and what type of fuel source is available in your area. Research different types of fuel sources like natural gas, propane or electric heat pumps so that you can understand their pros and cons before making a decision. Additionally, check out efficiency ratings (AFUE) to select an energy-efficient model that saves money on energy bills over time.
Conclusion
In conclusion, the cost of a furnace is a significant consideration when planning to purchase one for your home. The factors that affect the cost include size, type, efficiency, brand, and installation costs. When purchasing a furnace, it’s essential to understand how these factors influence the cost and choose a furnace that meets your needs and budget.
Ensuring you choose a high-quality furnace and professional installation is crucial to maximizing your investment. A reputable installer can help you choose a furnace that has the right size and efficiency rating, offers warranties, and can provide maintenance and repair services.
It’s also crucial for readers to consider the long-term operational costs and efficiency ratings of their furnaces. While a more efficient furnace may be more expensive initially, using less fuel will save you money in the long run. Therefore, it’s always advisable to look beyond the initial cost and consider the lifetime operational costs and the furnace’s efficiency rating.
