As a leading real estate data company, Kukun has detailed data on virtually every home in America. We use this data about your home’s size, bedrooms, bathrooms, location, value, and more, to create a highly accurate cost estimate of the renovations you want to do.
Plus, we show you the ROI on your renovation and options for saving money or making more luxurious selections.
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The average cost varies depending on the type of furnace you have among other factors. When you're installing an electric furnace, it usually costs the least, typically between $3,000 and $7,000. However, if you're going for a natural gas furnace, you might spend around $3,850 to $10,000. A good furnace replacement cost estimator will be able to help you arrive at the right price point for your specific need.
The national average for an oil furnace installation cost ranges from $6,750 to $10,000.
The cost increases if the work entails adapting the existing ductwork. Apart from the furnace price, running this type of furnace can be very expensive.
For those who are facing the dilemma of replacing their old oil furnace, it's important to know that the oil furnace replacement cost justifies switching to a more cost-effective furnace.
As oil prices rise, oil furnaces have become almost extinct among heating systems. What's more, the federal government may offer rebate incentives or tax credits for homeowners to replace such furnaces.
If you choose an electric furnace as a replacement for an oil furnace, it would probably cost you upward of $2,000.
There's a new heating option on the market that's gaining popularity: heat pumps. These devices pull in heat from the air or ground using refrigerant coils. The best part about these furnaces is that they can be used as air conditioning units in the summer. However, they might not be very efficient in areas that experience extremely cold weather.
If a heat pump suits your requirements, it's one of the most viable ways of saving money on your energy bills. Its cost ranges from $4,000 to $10,000, which comes to $5,600 on average. Of course, the final cost will depend on the size of your home and the type of heat pump you choose.
A furnace installation cost depends on a lot of variables, including the type and size of the furnace, the brand of the furnace, the complexity of the installation, and the efficiency of the new unit - to name a few.
| Furnace Type | Average Cost | Advantages |
|---|---|---|
| Electric furnace | $3,000 to $7,000 |
|
| Gas furnace | $3,800 to $10,000 |
|
| Oil furnace | $6,750 to $10,000 |
|
Labor costs: About 20% to 30% of the total replacing furnace cost goes into paying the workers who install the furnace. This can vary depending on factors like where you live and the time of year.
Removing the old furnace: Getting rid of your old furnace is usually included in the overall cost. Make sure the estimate you get includes removing and disposing of the old unit.
Furnace size: You should aim for 40-45 BTUs of heat per square foot in your home. If your house spans 3,000 square feet, the ideal furnace should generate a range of 120,000 BTUs to 135,000 BTUs. It's important to note that the furnace cost increases with higher BTU output.
Existing venting: If your old furnace vents into a chimney and you want a more efficient setup, you might need to change the venting system. This can add to the cost.
Local permits: Some areas require permits to install new furnaces, which might come with a small fee. Your HVAC contractor might handle this, but it's good to check your local rules.
Ductwork: Check the condition of your ductwork. If it's old or too small, it might need to be replaced to make the new furnace work efficiently. Ductwork replacement costs can vary based on the total square footage and complexity of your home.
Insulation and windows: Your home's energy efficiency matters. Upgrading insulation and windows can reduce heating costs. If new windows are too expensive, using weatherstripping to seal gaps can help keep heat in.
The ideal type of furnace for your house depends on various factors, including your location, budget, and heating needs. For example, if you live in an area with readily available natural gas, a natural gas furnace can be a cost-effective and efficient choice for you. Oil furnaces are an option in areas without access to gas lines, but they can be more expensive to install and maintain.
You must choose a furnace that meets all your requirements in terms of :
If you're contemplating replacing your existing furnace or installing one in your new home, it's best to consult a licensed furnace installation professional. They can properly evaluate your house to determine the best and most cost-effective way to heat it. And, the right furnace size for your home.
In numerous states, homeowners can take advantage of energy-saving tax credits and rebates provided by their local utility company or state energy conservation agency. These incentives typically apply to furnaces boasting an AFUE rating of 95% or higher, and they can potentially offset as much as 25% of the total expenses associated with furnace installation. For instance, in Massachusetts, homeowners who are upgrading to a more efficient furnace may be eligible for a tax rebate. It's a $1,000 rebate when opting for a 95% AFUE furnace with an ECM motor, and a $1,250 rebate for a 97% AFUE furnace with an ECM.
A new furnace is more energy efficient, lasts longer and will save you money on utility costs in the long run. This is primarily because of the improved technology and EPA guidelines.
Newer models have furnace efficiency ratings of 90 to 95 percent, meaning lower energy costs. It's a wise decision to replace your old furnace. And no more hassle of calling a technician for furnace repair work!
Once you decide to get a furnace installed in your home, you need to know how much of an investment you need for this home improvement.
Naturally, you have to know the furnace installation cost in order to calculate what you can afford to spend. It's also the best way to ensure that you don't stumble across any unwelcome surprises during the execution of your project.
Acquiring a free estimate for your furnace will help you create a realistic budget for the replacement.
Getting an estimate through Kukun's furnace replacement or installation cost estimator is easy. Just follow the steps below to get your confidential address-based estimate in minutes!
And there you go! Your furnace replacement cost estimate is ready! You can customize the cost estimate according to the finish you want - Value, Quality, or Luxury. And the best part is, you can get a detailed report of the plan and save it for future reference.
What's more, with this estimate, you can analyze your finance options or hire a professional to get started on the work right away.
Also, we are happy to help you find professional remodeling contractors who have worked in your neighborhood and have been vetted by your neighbors.
Moreover, you can explore each contractor's profile, check out their online reviews, view all their previous permits, and then ask around your vicinity before hiring them.
As part of any home improvement project, it's best to plan ahead and not keep anything pending after your project starts.
Here are a few steps you must take:
By following these tips, your furnace installation will be easy, and your furnace will run smoothly and safely - keeping you cozy and warm for a long time.
A planned furnace installation and its regular maintenance will help you make your house both cost and energy efficient. It'll also help you avoid expensive home repairs in the future.
Moreover, the presence of a well-maintained furnace is an important consideration for potential home buyers. It'll surely help get you the best price possible on the real estate market.
Ensure regular maintenance: Schedule annual or bi-annual professional inspections and maintenance to catch issues early, preventing costly repairs later.
Replace old air filters on time: Regularly change or clean air filters (usually every 1-3 months) to maintain airflow and efficiency, reducing strain on the furnace.
Clean vents and ducts regularly: Ensure vents and ducts are clean and unblocked to allow proper airflow, which improves efficiency and reduces wear on the system.
Invest in a programmable thermostat: Install a programmable thermostat to optimize temperature settings, reducing unnecessary heating and cooling cycles.
Seal any air leaks: Seal gaps and cracks in doors, windows, and walls to prevent warm air from escaping and cold air from entering, reducing the workload on the furnace.
Ensure good home insulation: Proper insulation in walls and attics helps maintain a consistent indoor temperature, reducing the need for the furnace to work harder.
Use ceiling fans in reverse: Running ceiling fans in reverse during the winter helps distribute warm air more evenly, allowing you to lower the thermostat without sacrificing comfort.
Clear debris and blockage regularly: Keep the area around the furnace clean and free of debris, ensuring proper ventilation and reducing the risk of overheating.
Install carbon monoxide detectors: Install CO detectors to detect any harmful leaks and ensure the safety of your home, potentially preventing expensive emergency repairs.
Invest in a high-efficiency furnace: While this involves an upfront cost, a high-efficiency furnace can significantly lower long-term energy bills and maintenance expenses.
Consider buying an extended warranty: Purchasing an extended warranty or service contract for your furnace will cover unexpected repair costs. Especially, if the heat exchanger (one of the most expensive parts of a furnace) goes kaput.
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