How Much Does It Cost To Install A Furnace? (2024 Update)

As the cold winter months approach, having a reliable and efficient furnace becomes essential for maintaining a comfortable and warm home. However, if your current furnace is showing signs of wear and tear or if it’s simply outdated, it might be time to consider replacing it.

In this comprehensive guide, we’ll explore the various factors that contribute to the cost of new furnace installations, including:

• The signs that indicate it’s time for a replacement
• The different types of furnaces available
• Important considerations when choosing a furnace
• What to look for in a furnace installer

Keep reading to learn all about what it takes to install a furnace!

Signs That You Need to Replace Your Furnace

Before delving into the cost of a new furnace, it’s crucial to recognize the signs that your existing one may need replacement. Ignoring these warning signals can lead to higher energy bills, reduced comfort, and even safety hazards. Here are some common signs:

• Age: Furnaces typically have a lifespan of 15-20 years. If your furnace is approaching or exceeding this age range, it’s a strong indication that it’s time to consider a replacement.
• Rising Energy Bills: A significant increase in your heating bills, especially when compared to previous years, can suggest that your furnace is no longer operating efficiently.
• Uneven Heating: If certain rooms in your home are consistently colder than others or you notice temperature fluctuations, your furnace may be struggling to distribute heat evenly.
• Frequent Repairs: Continual breakdowns and the need for frequent repairs can be a sign that your furnace is at the end of its useful life.
• Strange Noises: Unusual sounds, such as banging, squealing, or rattling, can indicate mechanical problems within the furnace.
• Yellow or Flickering Flame: A furnace with a yellow or flickering flame instead of a steady blue flame may be producing carbon monoxide, a dangerous gas. This is a critical safety concern and warrants immediate replacement.
• Excessive Dust and Dry Air: An aging furnace can lead to poor air quality, causing an increase in dust and dryness within your home.

The Cost of a New Furnace by Different Types

When it comes to purchasing a new furnace, there are several types to choose from, each with its own set of features and cost considerations. Here’s an overview of the most common furnace types and their associated costs:

1) Gas Furnaces:

• Gas furnaces are the most popular choice for many homeowners due to their efficiency and reliability.
• Cost Range: Gas furnaces typically range from $2,500 to $7,500 or more, depending on factors like size, efficiency rating, and brand.
• Efficiency: Higher-priced units often have higher efficiency ratings, which can lead to long-term energy savings.

2) Oil Furnaces:

• Oil furnaces are less common but are still used in regions without access to natural gas.
• Cost Range: Oil furnaces generally cost between $2,500 and $6,000, but installation and fuel delivery expenses can be higher.
• Efficiency: Oil furnaces tend to be less efficient than gas furnaces, so fuel costs may be higher.

3) Electric Furnaces:

• Electric furnaces are typically less expensive upfront but may lead to higher electricity bills.
• Cost Range: Electric furnaces can range from $1,000 to $4,000, making them the most budget-friendly option.
• Efficiency: While electric furnaces are efficient in converting energy into heat, electricity costs can make them less cost-effective in the long run.

4) Heat Pumps:

• Heat pumps are a versatile option that can provide both heating and cooling.
• Cost Range: The cost of a heat pump system can range from $2,000 for a ductless mini-split to $15,000 or more for a high-end central system.
• Efficiency: Heat pumps are known for their energy efficiency, especially in moderate climates.

5) Geothermal Heat Pumps:

• Geothermal heat pumps are highly efficient but come with a substantial upfront cost.
• Cost Range: Installation can range from $10,000 to $25,000 or more, depending on factors like system size and ground conditions.
• Efficiency: Geothermal heat pumps are among the most energy-efficient options available, with significant long-term savings.

Other Important Considerations When Choosing a Furnace

Beyond the type of furnace, several other factors can influence the overall cost and effectiveness of your heating system. It’s essential to consider these aspects when making your decision:

Size and Capacity:

Proper sizing is crucial to ensure your furnace can adequately heat your home. An undersized or oversized furnace can lead to inefficiency and discomfort.

Efficiency Rating:

Look for a furnace with a high Annual Fuel Utilization Efficiency (AFUE) rating. A higher AFUE indicates greater energy efficiency and potential cost savings over time.

Ductwork:

If your home has existing ductwork, make sure it’s in good condition. Duct repairs or modifications can add to the overall cost.

Zoning and Programmable Thermostats:

Zoning systems and programmable thermostats can improve comfort and reduce energy consumption by allowing you to control temperature zones and schedule heating cycles.

Rebates and Tax Credits:

Check for available rebates and tax incentives for energy-efficient furnace installations in your area. These can help offset the initial cost.

Maintenance Costs:

Factor in ongoing maintenance expenses to keep your furnace running efficiently and extend its lifespan.

What to Look for in a Furnace Installer

Selecting the right furnace installer is as important as choosing the furnace itself .A qualified and experienced installer can ensure proper installation and long-term performance. Here’s what to look for when hiring a furnace installer:

• Licensing and Certification: Verify that the installer holds the necessary licenses and certifications required by local and state regulations.
• Experience: Choose an installer with a proven track record and a history of successful installations. Ask for references and check online reviews.
• Insurance: Ensure the installer has liability insurance to protect against any accidents or damage that may occur during installation.
• Written Estimate: Request a detailed, written estimate that includes all costs, such as equipment, labor, permits, and any additional materials.
• Warranty: Inquire about the warranty offered for both the furnace and the installation work. A reputable installer should provide a warranty for their services.
• Energy Efficiency Knowledge: Look for installers who are knowledgeable about energy-efficient options and can help you choose a furnace that suits your needs and budget.
• Proper Sizing and Installation: The installer should perform a load calculation to determine the right size furnace for your home. Proper installation is essential for efficient operation.
• Maintenance and Support: Find out if the installer offers maintenance services and ongoing support to keep your furnace in optimal condition.

Learn More About Installation Costs

Investing in a new furnace is a significant decision that can affect your comfort, energy bills, and home value. By recognizing the signs that your old furnace needs replacement and understanding the costs associated with different furnace types, you can make an informed choice.

Additionally, considering factors such as sizing, efficiency, and the installer’s qualifications will help ensure a smooth and cost-effective transition to a new furnace. In the end, a well-chosen furnace and a reputable installer can provide you with reliable warmth and peace of mind during the coldest months of the year. And at Aquarius Home Services that’s exactly what you will get!Contact us today to get an estimate for your furnace installation.