Furnace Replacement Cost – 7 Shocking Facts

The main thing that heats a house is the furnace. In the winter, it keeps you warm. When it breaks down or stops working right, though, it’s usually best to get a new one. To make a good budget and avoid unexpected costs, you need to know how much a new furnace will cost. This article will tell you everything you need to know about replacing your heater, including how much it costs, what affects prices, and how to save money.

How much does it Furnace Replacement Cost?

The Furnace Replacement Cost of getting rid of an old heater and putting in a new one is called its replacement cost. This includes the cost of the machine itself, the labor, any extra supplies, and any fees that come with them. Costs can change a lot depending on what your home needs and where it is located. People in the U.S. pay an average of $2,500 to $7,500 to repair their furnaces.

What Affects the Furnace Replacement Cost

1. Kind of Fireplace

The type of heater you pick will have a big effect on how much it costs to repair. Here’s how it works:

The most common choice is a gas furnace, which costs between $3,000 and $6,500.

Electric furnaces are easy on the wallet because they cost between $2,000 and $4,000.

• Oil furnace: This type of heating works well in colder places and costs around $4,500 to $7,500.

Most propane furnaces cost between $3,500 and $6,000.

2. Size and capacity of the furnace

The total cost goes up because a bigger home needs a heater with more power. As an example:

• A $2,500 to $3,500 40,000 BTU furnace is good for smaller rooms.
• A 100,000-BTU furnace, which costs up to $7,500 and is best for bigger homes.

3. A rating for efficiency

Furnaces with higher Annual Fuel Utilization Efficiency (AFUE) scores use less fuel and cost more, but they do save you money. Furnaces with 95% AFUE or higher cost more upfront, but they save you money on energy costs over time.

Breaking Down the Furnace Replacement Cost

1. Cost Per Unit of Furnace

Between 50 and 70% of the total cost goes to the boiler itself. Prices can go up for high-end names and types with lots of advanced features.

2. Work for installation

Professional fitting makes sure that everything works well and safely. Depending on where you live and how hard the job is, labor costs usually fall between $1,200 and $3,000.

3. Additional Costs

• You’ll have to pay an extra $500 to $2,000 to fix or replace ductwork.
• Change your thermostat. Smart thermostats cost between $150 and $300.
• You can expect to pay $50 to $300 for permits and house inspections.

How to Save on Furnace Replacement Cost

1. Get quotes from different places

To find the best price, get at least three quotes from qualified HVAC experts.

2. Take advantage of tax credits and rebates

Furnaces that use less energy might be able to get refunds or government tax credits. Check with your local energy companies and the IRS.

3. Plan installation during the off-season

If you can, have your heater installed in the spring or fall, when labor costs are lower and deals are available.

4. Choose a payment plan

A lot of HVAC companies let you pay for the work over time with credit.

Common Mistakes That Increase Furnace Replacement Cost

1. If You Pick the Wrong Size

If your heater is too big or too small, it can waste energy and cause your bills to go up.

2. Ignoring the need for maintenance

Skipping regular upkeep can cause things to break down early, which will cost a lot to repair.

3. Do It Yourself Setup

Even though it might be tempting, installing a heater yourself can void warranties and put you at risk of getting hurt.

Is it Worth It to Replace Your Furnace?

Getting a new heater is an investment in the comfort and energy economy of your home. Modern units can cut heating costs by up to 30%, so the money you spend upfront is well spent. A new heater also raises the value of your home and makes sure it works well during the cold months.

FAQs about Furnace Replacement Cost

Q1. How much does a heater that uses less energy cost?

Furnaces that are 95% or more efficient usually cost between $3,500 and $7,500, which includes installation.

Q2. Can I change my own furnace?

Replacing a furnace is a complicated job that should only be done by a professional. It is not safe to do your own repair because it can void guarantees.

Q3. How long does it take to get a new furnace?

It can take anywhere from 4 to 8 hours to replace a normal heater, based on how hard the job is and what other work needs to be done.

Q4. How long does a heater last?

If you take care of your heater, it should last between 15 and 20 years. If the performance of older units drops, they may need to be replaced.

Q5. Is it possible to get funding for a new furnace?

Many HVAC companies and lenders do offer payment plans that let you spread the cost of a new heater over a number of months or years.

Do you have questions, or are you ready to start your next project? Explore our services at AiRCO Mechanical!