How Much Would A Furnace Cost?

You can estimate the cost of your new furnace by considering the following parameters-

The furnace type

The first thing to do when selecting a furnace for your house is to decide on the type of furnace that you would like to purchase. If you are going to replace your old furnace then it is almost after a gap of 15 to 20 year that you would buy a new unit. This is possible if the furnace was well maintained and could live the whole span, which it was designed for. After a long gap you will find a wide range of choices in heating units that did not exist during you previous purchase. The most common residential furnace runs on natural gas and can cost somewhere between $2,500 and $14,000. Oil furnaces also exist but they are less efficient. They cost between $2,000 and $8,000 to install. You can also choose an electric furnace. Installing them would cost between $1,000 and $2,000. But this is not good option for larger rooms and have high energy cost.

Furnace efficiency

The cost of the furnace would also go up with capacity and efficiency. An average home will be heated well with a 60,000 BTU furnace. Do not go for a large furnace than your house requires. These will hit ideal temperatures too quickly, and then shut off. They will make the rooms uncomfortable. They will also cost more along with generating higher utility bills. Older models offered 80 percent efficiency. This means 20 percent of the heat generated was lost to waste. Many new models are rated 90 percent and above. This small jump in efficiency will translate into two things- higher upfront cost and lower utility costs.

Stage type

The older models of furnaces were one stage. This means they have one single speed. They always run at full power. The two stage furnace runs at a speed of 65% when starting and then gradually ramps up to 95%. This is effective in saving fuel. You can also set any one of the speed limits according to the requirement. Today you also have three stage furnaces that can run anywhere from 33 to 90 percent power in 1 percent increments.

Labor cost

There is no fixed labor cost as such. But on an average, most companies charge approximately $75 per hour for a licensed installer and $50 for a helper. If you have to lay a duct work or replace it then installation charges will surge higher. Again if your new furnace is significantly bigger or smaller than the previous one, then the installation is going to become pricey. You will get two types of warranties with your furnace. One is the manufacturer's warranty. This protects you in case there are defects in the furnace itself. A contractor's warranty would include the labor cost in case future repairs are required. A contractor’s warranty is often good for a period of 5 to 10 years. Contractors charge more for extended warranties.

Disclaimer: Although the rates quoted in the page are typical average rate that can be seen across USA, it can vary in certain areas depending upon city and the variables associated with each individual project.

 

 

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