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Your furnace keeps you warm and cozy on chilly winter nights. Every machine has a useful life, beyond which the cost of running it may exceed its benefits, furnaces are no exception. Even well-maintained furnaces will need to be eventually replaced.
If your furnace is approaching the end of its useful life, replacing it makes more sense than repairing the machine. An old furnace is unreliable and can break down anytime, leaving you high and dry. Because furnaces tend to lose their efficiency as they age, an old furnace may use more electricity to maintain home temperature and your electricity bill can soar.
How Much Does it Cost to Replace a Furnace?
You can expect to pay between $3,000 and $8,400 to have your old furnace replaced. To calculate the total cost to replace a furnace, add the cost of the new system, ductwork and ventilation modifications, and furnace installation.
New Furnace Cost
A new furnace can cost between $2,800 and $6,800. Some factors that can affect the cost of a new furnace include furnace type, size, features, efficiency, and brand
- Furnace type: There are three main types of furnaces-natural gas furnaces, oil furnaces, and electric furnaces. An electric furnace can cost you between $2,000 and $7,000. Expect to pay between $3,800 and $10,000 for a natural gas furnace. The cost of an oil furnace varies between $6,750 and $10,000. Every type has its advantages and disadvantages. Weigh the pros and cons of each type before making a decision
- Size: The British Thermal Unit or BTU is the unit used to measure the amount of heat a furnace produces. If you have a bigger home, you will need a larger furnace with a higher BTU output and can expect to pay more, as the price of larger furnaces is usually on the higher side
- Features: Furnaces with advanced features such as zoning systems, intelligent thermostats, and variable speed blowers cost more upfront
- Efficiency: Annual Fuel Utilization Efficiency or AFUE measures the heating efficiency of furnaces-that is how efficiently they convert fuel to heat. The higher a furnace’s AFUE rating, the more efficient it is. Though a high-efficiency furnace may cost more, it is worth the high price, as it can help lower your heating costs in the long run
- Brand: Models by reputable brands usually cost more than those by lesser-known manufacturers
Ductwork and Ventilation Modifications
Many older houses have outdated ductwork that’s ill-equipped to handle the airflow demands of contemporary systems. Old or damaged ductwork can affect your new furnace’s efficiency and potentially reduce its longevity by not giving it sufficient room to “breathe.” To prevent performance and other problems due to faulty ductwork, furnace installation companies in Gainesville replace old ductwork before starting new furnace installations in Gainesville.
Similarly, if the materials inside your chimney flue aren’t designed to withstand the heat or pressure from the upgraded system, you might need to install a liner to ensure optimal performance. If your contractor modifies or replaces your existing ductwork or installs a liner, you can expect the cost of furnace replacement to go up.
Furnace Installation
How much a new furnace costs to install depends on the complexity of the installation. If you want to have your furnace installed in a difficult-to-reach area, expect to pay more. Labor and material costs and permits required can also affect installation costs.
How to Reduce Furnace Replacement Costs?
If your air conditioner is on its last legs, consider replacing it with your furnace. Combining a furnace installation with an air conditioner installation can often lead to cost savings. Installing both systems at once is a great way to reduce labor costs. The savings could amount to thousands of dollars, depending on the type of systems installed.
Want to replace your old inefficient furnace? AVS Heating and Air Conditioning can help. Our expertise enables us to manage complex new furnace installation and replacement projects. To request a quote, call 703-457-9028.
