Newer furnace designs and components are made to be more efficient and more durable, and these are attributes that are probably lacking in your furnace that has been in service for 20 years. The U.S. Department of Energy indicates that a 20-year-old furnace wastes at least 22 % of the energy it consumes.
The average furnace is built to last around 15 years in total before being replaced. This is because over time, much like any electrical or mechanical system, your furnace will become less efficient and may break down.
Technological advancements have made newer furnaces much more energy-efficient. If your furnace is 20 years old, it's likely operating with an Annual Fuel Utilization Efficiency (AFUE) rating significantly lower than modern models.
An old furnace can have a significant impact on your utility bill, leading to higher energy costs, increased repair expenses, and inconsistent heating.
To better regulate temperatures and airflow, modern furnaces move more air over the heat exchanger than older furnaces. The air that comes out of your furnace registers may not seem as warm as the air from your old furnace, but overall airflow is improved. Better airflow means higher comfort.
Replacing a 20-year-old gas furnace is typically a wise investment. In a country with diverse climates and heating needs, the benefits of a modern, energy-efficient furnace are manifold.
While furnaces can last longer with proper maintenance, they often become less efficient and more prone to breakdowns as they age. Repairing a 15-year-old furnace can provide a temporary solution, but it may be a better long-term investment to consider replacing it.
Even the most efficient heating systems lose efficiency as they age. You can subtract about 5% efficiency for each year of your heating system's operation: on average, a 10-year-old furnace with 95% efficiency will only be operating at about 45% efficiency today.
Lack of Routine Maintenance
 When you ignore recommended maintenance, dirty buildup on heat exchangers, burners, fan blades can reduce you're the life of your furnace in a number of ways: Restricted airflow from dirty filters can make the system work harder. Imbalanced fans can affect the life of motors.
Furnaces have become more efficient due to a variety of technological advancements. However, these advancements are not found in all furnaces, and you can always contact HVAC specialists to help you choose the right high-efficiency machine to meet requirements.
You'll Get an Efficiency Boost
 But after 25 years of wear and tear, it probably is substantially less efficient than that. Buying a new furnace would give you a major efficiency upgrade, with even a minimally efficient new furnace operating at 81% efficiency.
Most U.S. homes are heated with either furnaces or boilers. Furnaces heat air and distribute the heated air through the house using ducts.
How long does a traditional furnace last? An average furnace is designed to operate for 15 to 30 years in a home. The easiest way to increase the life cycle of your furnace is to hire a certified technician to perform maintenance and repairs once a year.
Unfortunately, at 20 years, no furnace is running as efficiently as it once was. For starters, HVAC repair experts confirm that any furnace that has been in use for 20 years is nearing the end of its lifespan. The components of a 20-year-old furnace suffer a lot of wear and tear over the years.
According to Energy Star, you should consider replacing your air conditioner if it is more than 10 years old, and you should seriously consider replacing the air conditioner if it's more than 15 years old—as this is the average lifespan of most cooling devices.
Keeping your home at a constant temperature generally means that your HVAC system will run constantly to meet it. This means that your furnace or air conditioner may run when you're asleep, at work, or out of the house. This wastes more energy than the minimal amount that you might save by having it constantly run.
Repair: If your furnace system is less than 15 years old. Replace: If your furnace system is over 15 years old. Rising energy costs are not the only reason for high bills. Furnaces often lose their efficiency as they age, especially if they have not been properly maintained.
There are three primary types of furnaces: Gas furnaces have the shortest lifespan, at 15 to 20 years. Electric furnaces last 20 and 25 years on average. Boilers last 15 to 25 years, depending on the type and radiator equipment.
We recommend two tune-ups a year: once in the fall, and once in the spring. If you skip some, the furnace will lose some efficiency. And the older it gets, even with great maintenance, the poorer it will perform.
Furnace Age
 The average lifespan of a furnace is 15-20 years; after that the system will start to fail more often. If your furnace is 10 years old or less, repairs should be effective. If it has reached 12 years or more, it's time to consider replacement.
Furnaces 20 years old or older become increasingly inefficient over time and can crack and leak, putting you and your family in danger. If your furnace is between 16 and 20 years old and constantly breaking down, then you should strongly consider having it replaced.
An older furnace system may begin to generate excess carbon monoxide by developing a leak or crack that allows the carbon monoxide to seep into your home. Carbon monoxide is potentially lethal, and since it's odorless and colorless, you may not know there's a problem until it affects your health.
An 80% AFUE furnace offers a lower upfront cost and simpler installation, making it an appealing option for those on a tight budget. However, its open combustion design and lower efficiency result in higher operating costs, as more heat is lost during the heating process, and it consumes more fuel.
In one sense, this question has a fairly straightforward answer: If you're paying too much to keep your building comfortable—and you're exhausting your annual maintenance budget—you're probably due for an upgrade. The average furnace lifespan is around 15 to 20 years with regular maintenance.
Installation Entails More than Just the Furnace
 For a gas-powered furnace, a contractor must set up a gas connection and vent. Installing an electric furnace requires running wiring, adding a circuit breaker, or perhaps updating an electrical panel. Holes are often drilled for pipes and wires.