If your heating system is on its very last leg, you might be gearing up for an inevitable replacement. Like your air conditioner, your furnace can only last so long before it needs to be replaced. This beloved HVAC system has kept you warm and comfortable on many chilly days, and it’s important to make sure your home stays that way when the cold temperatures make an appearance once again.
When planning to replace your furnace, there are many vital questions to ask yourself. One of the most crucial questions is how much does a new furnace cost? Fortunately, we’re here to discuss the average cost to replace furnaces in detail. Plus, we’ll go over what expenses you can expect depending on your efficiency needs, home size, desired fuel type, and more.
What Is the Average Cost to Replace Furnaces?
So, how much does a new furnace cost? When it comes down to it, these heating systems can typically cost anywhere from $3,000 to $10,000. These prices often include all the materials, labor costs, and equipment needed for the installation.
As you can see, the price range listed above is incredibly wide. Why? Well, there are various factors that can affect the cost you end up paying.
What Can Influence the Price of a New Furnace?
Now that we’ve discussed the average cost to replace furnaces, you might be wondering where you fall on the spectrum. Furnace replacement costs can vary depending on many factors, some of the most common being the type of furnace you install, the energy efficiency of the unit, the brand you choose, and the size of your home.
Furnaces are available with different fuel sources: natural gas, electric, and oil. Each of these furnaces essentially works the same way; however, they can have differences when it comes to energy efficiency, fuel availability, and above all else — costs.
How much does a new furnace cost to install if it runs on heating oil? Overall, oil furnaces tend to have higher installation costs than their natural gas and electric counterparts. However, oil furnaces aren’t without their benefits. These units tend to heat homes at a faster rate and are known for their durability.
Of course, every type of unit has its advantages. For example, natural gas furnaces tend to be highly energy efficient, and electric furnaces require little maintenance.
If you’re preparing to replace your furnace, you also want to consider conversion costs. You’re likely to encounter additional costs if you plan to change the fuel source you’re using. For instance, if you’re switching from oil to a gas furnace, you’ll need to pay to install a gas line.
When discussing the average cost to replace furnaces, it’s impossible not to mention energy efficiency. Installing a furnace with a high efficiency rating in your home can help you waste less energy. As a result, you can potentially lower the costs of your utility bills.
However, it’s important to note that furnaces with higher energy efficiencies tend to have higher installation costs. High-efficiency models are known for having more intricate parts than lower-efficiency models. In the end, the installation process can be more involved, resulting in greater costs.
Although high-efficiency furnaces have higher upfront costs, they can potentially save you money in the long run with the energy savings they provide. This is certainly a factor worth considering before making your final decision.
There are many heating system makes and models on the market. As such, you can expect different brands to have different costs. If you’re unfamiliar with the most reputable brands available, don’t hesitate to reach out to a professional for help. Residential HVAC contractors can discuss options with you to find a solution that meets your family’s specific needs.
The specific size of your house can also influence the furnace installation costs you end up paying. When an HVAC technician comes to your home, they will determine what size heating system you need. This way, the furnace won’t be too big or too small for your home. If the unit is the wrong size, you’ll likely find yourself paying for higher utility bills, frequent repairs, and an early replacement due to excessive wear and tear.
How much does a new furnace cost if you have a big home? A large space will need a larger furnace to keep you and your family comfortable all winter long. The larger the furnace, the higher the installation costs will likely be.
Install a Furnace That Meets Your Needs
Now that we’ve gone over the average cost to replace furnaces, you might be ready to take the next step. If your furnace is getting old and can no longer meet your heating needs, it’s possible that replacing the unit is more beneficial than constantly paying for repair costs.
Installing a furnace can be a daunting task — but fortunately, Arlinghaus Plumbing, Heating & Air Conditioning is here to help you every step of the way. Our company specializes in everything from energy-efficient furnaces to heat pumps to ensure your home is comfortable and your needs are met. Contact us today for some of the top heating and air conditioning services in Erlanger, Mason, Loveland, and beyond!