A home heating system can be one of the most expensive appliances or systems within a home. However, there is nothing worse than waking up in a frozen home especially in the winter, so it is vital to ensure your furnace is in proper working condition. Furnaces are relatively efficient, easy to use and maintain. Nonetheless, these benefits come with a price. Before you purchase a new one for your home, it is important to know how much new furnace installation costs.
Average Furnace Prices
There are numerous brands out in the market to choose from. It is therefore important to do a thorough research ahead of time before settling on a brand. The one that works best for your house might not necessarily be the one you recognize from ads. But in addition to ticket prices, you have to consider new furnace installation costs into the overall price.
The first thing to consider is the type of furnace to install. Most furnaces last anywhere between 15 and 20 years. They can operate using natural gas, electricity or propane as the power source. Geothermal, oil and solar-powered furnaces are alternative options that a home owner could consider. The most common residential furnace can cost between $2500 and $14000 and is powered by natural gas. Oil furnaces came before the gas models and are still available in some states. Unfortunately, these furnaces tend to be less efficient. They can cost anywhere between $2000 and $8000 to install.
Another choice is installing an electric hear. These come from small registers that are located around the border in each room. The cost of installation can average between $1000 and $2000. On the downside, this type of furnace is not ideal for heating large spaces because of the high energy costs associated with it.
Another new option that is rapidly gaining popularity is the heat pump. This furnace pulls heat from the ground or air using refrigerant coils. Ground source heat pumps can cost between $7000 to $25000 while air source pumps can cost between $1500 to $7000. These furnaces can be used as air conditioning units during the summer but most of them cannot operate in extremely cold climates which limits their efficacy.
Furnace Efficiency
How efficient is your furnace? Always look up its AFUE (Annual Fuel Utilization Efficiency rating). A higher AFUE value shows that the furnace is more efficient. Natural gas is relatively more efficient than other fuels. This makes them a little more expensive. Gas furnaces need the availability of natural gas and regular maintenance to ensure that no carbon monoxide or gas is leaking. Before purchasing a gas furnace, you may want to speak to an HVAC professional to ensure that your home can support it.
Furnace Repair Costs
If you bought a new furnace, you may not need to worry about repair costs anytime soon. This does not mean that you do not consider any future costs. The bigger the condo, home, apartment or furnace, the more expensive the furnace will be. A good furnace must be properly sized to fit the home without excess capacity which will use extra power. On the contrary, an undersized furnace will not heat the home effectively.
Furnace Labor Costs
Installing a new furnace comes with labor costs. The installation costs may be higher if there is extensive modification or duct repair to be done. A furnace install and function is governed by tow warranties. The first is a manufacturer’s warranty that comes with the furnace. It protects the furnace against any defects. The contractors warranty takes care of the labor involved and any repairs needed. A contractor’s warranty covers a period of five to ten years. Some contractors charge more for an extended warranty.
If you are looking to install a new furnace for your home, why not give us a call have your furnace at a competitive price.
