How much does a new furnace cost? Well, new furnace prices depend on what type of furnace you want, where you are buying from, your location, and how much running around to compare pricing you want to do. It is possible for furnaces to last more than a decade if you get the right one. So, how can you get the right one at the right cost? Below you will find a list of different types of furnaces as well as prices. For a free quote on a new furnace for your home, give us a call toll-free at 1-877-264-4822.
A natural gas & propane furnaces
This type of furnace can cost between 2,000 and 15,000. An increasingly rare type of furnace is the oil furnace, which are less efficient than natural gas furnaces and can cost between 2,500 dollars and 8,000.
Electrical furnace
This type of furnace is the type you would find going around the base of rooms. Quite a bit smaller than the other furnaces mentioned, and one of the more common furnace. Installation can cost anywhere between 500 to 3000 and can rack up more money due to all the power this furnace consumes to work. This furnace is not recommended for bigger spaces due to all the power it consumes.
Heat pump/ductless mini-split system
These units are ideal for homes or rooms where there is no duct work as this type of system features a unit which heats and/or cools the room directly. These units can also be used in the summer for cooling.
Now that you know the types and price range of certain furnaces it is important that you consider other factors when budgeting. First is, how much heat the furnace is going to put out (BTU output) and whether it is enough to heat your home; larger homes require larger furnaces. Next, is the amount of heat that is lost to waste yet you still have to pay for. So aim for a furnace with at least a 90% efficiency or AFUE rating (Annual Fuel Utilization Efficiency).
Installation Cost
The final expense you want to consider when trying to figure out how much does a new furnace cost you must also factor in labor cost for installation. You are going to need to pay for a licensed installer which can cost up to $1000, give or take a few hundred dollars.
Remember, when trying to budget for a new furnace, you want to look at the type of furnace you want, how much heat the furnace puts out, and labor costs.