Are you also sick of that old furnace that’s beyond repair now? I can feel your pain!
So, keep reading to find how much is a new furnace and budget-friendly replacements that will help you save some bucks!
Is It Worth It To Replace Your Furnace?
Yes! Replacing a furnace is a one-time investment and is worth it, especially after 12-15 years of use.
Furnaces without proper maintenance can clog easily and require more energy to operate.
New Furnace Installation Cost Breakdown
The average furnace installation typically costs around $4,700 to $5,000, depending on the type, size, and units.
Here’s a cost breakdown based on the size of a furnace!
|
Home Size (Square Footage) |
BTU’s Required |
Average Cost |
|
1,000 | 40,000 | $2,000 |
|
1,200 | 50,000 | $2,500 |
|
1,500 | 60,000 | $3,000 |
|
2,000 | 80,000 | $4,000 |
|
3,000 | 120,000 | $6,000 |
Note: If homes use a forced-air furnace system, selecting the right size furnace is vital.
Types Of Furnaces Available
The average cost of a new furnace, whether electric, gas, or oil, might overwhelm you, so keep reading and find the one that suits your needs!
Electric Furnace ($1,600 to $6,900)
Install a new heating solution with an energy-efficient furnace ranging between $1,600 and $6,900. This furnace type is ideal for homeowners seeking to reduce energy costs on a tight budget.
Natural Gas Furnace ($2,800 to $9,500)
These gas furnaces, which cost $2,800 to $9,500 and are highly efficient, are more cost-effective than electric furnaces.
However, there might be better choices than these due to their higher upfront cost.
Oil Furnace ($6,750 to $10,000)
Less efficient than gas furnaces, these heating systems are expensive and range around $6,750 to $10,000.
Factors That Influence The Overall Cost of Installing a New Furnace
The overall cost of a furnace can be influenced by factors such as the size and square footage of your home, the type of furnace, installation complexity, and any additional work required, such as relocating an existing furnace or upgrading ductwork.
Furnace Brands You Should Invest In!
Here’s a list of furnace models and brands offering all fuel types of furnaces.
Goodman
Carrier
Trane
Amana
American Standard
Bryant
How Much Do Common Furnace Repairs Costs?
These prices vary depending on different parts of the furnace. The blower motor, however, can cost as much as $450, while the draft inducer motor can cost up to $500.
Furnace Replacement Vs. Installation: Which is Better?
Replacing an old furnace is more beneficial than an installation. On average, furnace replacement costs around $4,000, including removing and disposing of the old furnace. This is lower than the total cost of buying a new one.
When buying a new furnace, consider the location of the furnace and the efficiency of the furnace with a new model.
However, the decision to replace your old furnace or install a new one depends on your specific needs. If it’s time to replace your furnace, make sure to choose a high-efficiency furnace that guarantees a home warranty.
DIY Vs. A Professional Furnace Installer?
While a professional installation ensures safety, attempting a DIY furnace installation could lead to costly errors.
Installing a furnace typically requires specific knowledge; thus, a professional can help maintain a comfortable home and avoid potential pitfalls.
FAQ’s on Furnace Cost
Below are some frequently asked questions answered by our experts, so keep scrolling.
Q: How can I tell if I need a new furnace?
A: Signs that you may need a new furnace include frequent repairs, rising energy bills, inconsistent heating, and the age of your current furnace. If your furnace shows these issues, it may be time to consider purchasing a new one.
Q: Are there additional costs associated with installing a new furnace?
A: Yes, additional costs may include ductwork modifications, permits, and potential upgrades to your thermostat or electrical systems, which can add $1,000 or more to the overall new furnace cost.
Q: How much does a new furnace for your home cost?
A: The average cost of a new furnace in 2024 will range from $2,500 to $7,500, depending on the type, brand, and installation requirements.
Q: How is the size of a furnace measured?
A: Furnace is measured in BTUs (British Thermal Units), indicating the heat produced.
Q: What type of furnace is the most energy-efficient?
A: Gas furnaces with high efficiency ratings (typically above 90% AFUE—Annual Fuel Utilization Efficiency) are considered the most energy-efficient. Electric furnaces may also be efficient, but their operating costs may be higher depending on local electricity rates.